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Peru Plans to Introduce State-backed Cryptocurrency

The South American country of Peru has decided that it’s time to get into the cryptocurrency world. It plans on launching its own digital currency, the PeruCoin, as the country’s official state-backed cryptocurrency. It becomes the second country on the continent to launch a cryptocurrency behind Venezuela and that country’s Petro coin.

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US Senate Testimony Adds New Perspectives to Cryptocurrency and Blockchain Ecosystem

The US Senate e-Banking Committee’s hearing for Exploring the Cryptocurrency and Blockchain Ecosystem entered into a fantastic debate as witnesses Dr. Nouriel Roubini and Peter Van Valkenburgh argued the opinion for and against cryptocurrencies and blockchain.

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Thomson Reuters to Begin Tracking Crypto Assets

Thomson Reuters, the information and mass media company out of Canada, has listened to its customers. Following a continued stream of requests for the firm to provide data on cryptocurrencies, it has entered into an agreement with crypto tracking platform CryptoCompare that will see the inclusion of crypto data on Reuters Eikon platform.

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Bermuda Wants New Class of Banks for Blockchain, Fintech Companies

Government officials in Bermuda are making amendments to its Banking Act, which will pave the way for a new class of banks that will cater fintech and blockchain companies in the British overseas territory. The goal, according to a Finextra report, is to put Bermuda on the map as an outlier destination for fintech innovation.

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China Finishes Blockchain System to Replace Paper Checks

China’s government agencies are opening up more and more projects in their bid to be at the forefront of the industry. Check fraud remains a big problem all over the world.

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Russia Makes a Move Towards Cryptocurrency Regulation

An initiative in Russia to outline a digital economy will soon go before the countrys Duma, or governmental body, for consideration. The Dumas Committee for Legislative Work (CLW) will review the framework, which, if approved, will be added to Russias Civil Code.

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Microsoft’s Bing Joins Internet Giants in Banning Cryptocurrency Ads

Bing, a Microsoft powered search engine, announced its intention to ban cryptocurrency-related advertisements on its platform by July. In an announcement on Bing’s website, cryptocurrency adverts and any other related programs will be banned from their platform worldwide.

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Crypto Groups Fight Back Against Ad Bans

A number of cryptocurrency associations and companies from countries including South Korea, Russia and China have apparently decided to file a class action lawsuit against internet advertising companies and social platforms that have decided to ban cryptocurrency and ICO advertisements.

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