Wednesday, February 12, 2020 3:11:33 AM
Japan plans to launch its own cryptocurrency
The country should have its digital currency in two-to-three years, according to Kozo Yamamoto, the head of the commission for the study of banking and financial systems of the Liberal Democratic Party of Japan.
He noted that the government will include this question in the list of medium-term tasks and attach the paramount importance to it.
“The sooner the better. We’ll draft proposals to be included in government’s policy guidelines, and hopefully make it happen in two-to-three years,” Yamamoto said.
He thinks that each country should create a digital platform to control cash flow. This will help better handle crises and stabilize the economy.
Cyber criminals stole $4.3 billion in 2019
Threat actors stole at least $4.3 billion in cryptocurrency in 2019, according to a study by Chainalysis. In 2018, the amount consituted $3 billion.
The dramatic increase of fraud was caused by the spread of financial pyramids, with 90% of the funds stolen through six schemes. The Plus Token platform was among the most notorious ones, it promised customers daily income for storing coins. The creators of the pyramid managed to raise $2 billion, they are currently under investigation.
In 2017, most cryptocurrencies were stolen through ICOs, and in 2018, through hacker attacks.
Recent EOSUSD News
- Ripple Chairman Chris Larsen Endorses Kamala Harris for President in New Letter With American CEOs: Report • The Daily Hodl • 09/08/2024 06:45:34 PM
- JPMorgan Chase Customers Extract Cash From ATMs Using Supposed Bank ‘Glitch’ – And Immediately Regret It • The Daily Hodl • 09/01/2024 02:30:52 PM
- Whatever happened to the 10 biggest projects from the ICO era? • Cointelegraph • 08/24/2024 01:01:00 PM
- Circle CEO Jeremy Allaire Unveils ‘Extraordinary’ Long-Term Crypto Prediction – Here’s His Outlook • The Daily Hodl • 08/04/2024 02:30:28 PM
- Trump quashes reports on Jamie Dimon and Larry Fink as his Treasury Secretary • Cointelegraph • 07/23/2024 04:06:33 PM
- Artificial Intelligence (AI) Deepfake Video Scams Steal $273,350 From Three Men: Report • The Daily Hodl • 07/14/2024 06:45:41 PM
- How Luma AI turns crypto memes into viral videos • Cointelegraph • 07/08/2024 01:59:00 PM
- Here’s Why Tether Has Ceased Minting USDT On EOS And Algorand • ZyCrypto • 06/26/2024 04:47:04 PM
- Stablecoin Issuer Tether Discontinues Support for Algorand (ALGO) and EOS Implementations • The Daily Hodl • 06/24/2024 10:01:08 PM
- Bitcoin Drops to $60,000, Mt. Gox to Reimburse Creditors in July, Riot Platforms Board Restructures • IH Market News • 06/24/2024 07:09:18 PM
- Tether halts USDT minting on EOS and Algorand • Cointelegraph • 06/24/2024 12:55:20 PM
- AI Crypto Fetch.ai (FET) Makes ‘Big Bounce’ – Volume Spikes Over 200% Ahead Of Merger • NEWSBTC • 06/21/2024 07:00:30 AM
- Bitwise Forecasts $20 Trillion Boost To Global GDP From Crypto And AI By 2030 • NEWSBTC • 06/14/2024 03:00:59 AM
- Cryptocurrency Ownership Hits 6.8% Globally; Japanese Exchange Suffers $300 Million Theft, and More in Crypto • IH Market News • 05/31/2024 09:16:17 PM
- EOS Network unveils new token model with fixed supply of 2.1 billion tokens • Crypto Briefing • 05/31/2024 07:41:07 PM
- EOS Network approves new tokenomics, promises ‘new era’ • Cointelegraph • 05/31/2024 03:44:05 PM
- Keeping Up With The Memecoins: Caitlyn Jenner’s New Token Surges 50,000% Amid Controversy • NEWSBTC • 05/27/2024 10:00:53 PM
- ‘I’m Fine With It’: Donald Trump, a Former Digital Asset Skeptic, Continues To Court the Crypto Vote • The Daily Hodl • 05/10/2024 06:45:14 PM
- Render Soars 50% In 1 Week: Whales Accumulating As Apple Jumps In • NEWSBTC • 05/09/2024 01:00:54 AM
- Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong • Cointelegraph • 05/08/2024 11:47:21 AM
- Biden’s Homeland Security team taps tech elite for AI defense board • Cointelegraph • 04/26/2024 07:55:47 PM
- SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud • Cointelegraph • 04/26/2024 05:49:09 AM
- Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity • NEWSBTC • 04/25/2024 06:08:36 PM
- Healix Protocol’s HLX Token Presale Soars as Former Crypto Giants Return • ZyCrypto • 04/09/2024 02:39:13 PM
- History of Crypto: The ICO Boom and Ethereum's Evolution • Cointelegraph • 04/02/2024 04:05:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM