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The Bank of International Settlements, the Central Bank

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kiy   Monday, 06/18/18 10:54:12 AM
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The Bank of International Settlements, the Central Bank for the world’s Central Banks of Central Banks, came out with a report over the weekend bashing the decentralized nature of cryptocurrencies like bitcoin (BTC-USD), saying the way that cryptos are structured could break the internet if, theoretically, all monetary transactions in the world were conducted using blockchain. The amount of electricity that bitcoin and ether (ETH-USD) use even now is enormous. What would happen if everybody actually started using digital currencies for everything? Cyberspace may explode, or at least Iceland would, since that’s where a lot of the world’s miners are situated, taking advantage of thermal vents under the island to power bitcoin mining.

REGULATION
Financial Action Task Force (FATF) will work with the Japanese government to introduce new unified cryptocurrency regulations in the coming months. Last month, the Japanese Financial Services Agency urged the world’s top economies in the G20 to create unified regulations for cryptocurrencies.

GBTC...IT WOULD BE NICE IF gbtc COULD GET A BOUNCE HERE just below $11...


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