financemagnates

Tens of Cryptocurrency Representatives Beg Congress for Regulation

A Congressional hearing on the subject of cryptocurrency regulation attracted tens of industry representatives, who all expressed a strong desire for regulation.

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EU Report Says Central Banks Likely Safe From Crypto

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has released a 30-page report on cryptocurrency entitled Virtual currencies and central banks monetary policy: challenges ahead. It concludes that cryptocurrency is unlikely to take the place of fiat currency, even in the long term.

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World’s Fourth Largest Bank Is Testing Its Own Cryptocurrency

Japan’s biggest lender, Mitsubishi UFJ Financial Group (MUFG), is planning a new ‎cryptocurrency called MUFG Coin, which promises to create a borderless shopping ‎experience, according to local news outlet NHK.

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