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Grayscale Investments: Bitcoin is not a craze that will soon disappear
The strengthening of the rate of the first cryptocurrency is a consequence of the increased interest in the asset on the part of investors, says the head of Grayscale Investments, Michael Sonnenshine. He emphasizes that the current trend is not a temporary phenomenon that will soon disappear, but a confirmation of the resilience of this asset class.
Visa and Mastercard actively check issuers of their crypto cards
Payment giants Visa and Mastercard tightly control the card issuers involved in the cryptocurrency industry. Such companies must provide data on how to counter illegal activities and, in particular, fraud and money laundering through new financial instruments, before they are allowed to offer plastic to customers.
Citibank gave a forecast of Bitcoin growth to $ 318 thousand by the end of 2021
The head of the international bank CitiBank Tom Fitzpatrick called bitcoin “digital gold of the 21st century”, giving an optimistic forecast for the growth of the asset rate to $ 318,315 by the end of next year.
Crypto-regulatory legislation to appear in Kyrgyzstan
The authorities of the Republic of Kyrgyzstan announced the start of work on the creation of a regulatory framework that will regulate the cryptocurrency industry in the country.
Robert Bench: Privacy Critical in CBDC Development
State authorities involved in the development of national cryptocurrencies (CBDCs) should pay particular attention to confidentiality and identification. This was stated by the head of applied research at the Federal Reserve Bank of Boston, Robert Bench, speaking at a meeting of the Chamber of Digital Commerce.
US PayPal customers gain access to cryptocurrency
Residents of the United States of America who are customers of the PayPal payment system can now make transactions with cryptocurrencies. In particular, they have access to services for the purchase and sale of digital assets using the platform of understanding new exchange tools.
Bank of England: we will not protect financial institutions from digital currencies
The Bank of England does not intend to protect financial institutions from working with cryptocurrencies, said Deputy Governor John Cunliffe.
BIS: people keep keeping money under mattresses
Digital money will not replace banknotes, at least in the near future, said the head of the innovation center of the Bank for International Settlements (BIS) Benoit Kere, stressing that citizens still prefer to “keep money under mattresses” rather than keeping it in e-wallets.
Ripple will patent the PayString trademark
Californian fintech company Ripple will patent a new trademark – PayString. The corresponding application is published on the website of the US National Patent and Trademark Office.
Nouriel Roubini: Bitcoin is only a “partial” store of value
Digital assets can only be used for partial preservation of value, but will not replace fiat funds, Nouriel Roubini, professor of economics at New York University and renowned Bitcoin critic, told Yahoo.Finance.
