Search Results for: Virtual currencies
SWIFT: Virtual currencies unlikely to crowd out fiat currencies
September 7th, 2016
The SWIFT Institute has published a new research paper analysing whether Bitcoin will crowd out fiat currencies in the global community. The paper, entitled “Virtual currencies: Media of exchange or speculative assets?”, looks at the dynamic relationship between virtual currencies, such ...
Evaluating the EU’s New Definition for Virtual Currencies
July 11th, 2016
The European Commission this week adopted a legislative proposal meant to bring virtual currency exchanges and custodian wallet providers under the scope of the EU’s Anti-Money Laundering Directive. This step should have been expected, as it has been clear that ...
Commonwealth report calls for clearer legislation for virtual currencies
February 5th, 2016
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...
EC focuses on monitoring, not regulating, virtual currencies
January 29th, 2016
The European Commission is examining whether virtual currencies need to be regulated in the wake of last November’s terrorist attacks in Paris, but is currently more focused on monitoring the likes of bitcoin than on rushing out new rules. ...
EU says to monitor, not regulate ‘hyped’ virtual currencies
January 26th, 2016
The European Union will monitor rather than regulate “hyped” virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body’s executive said on Monday. The world’s 600 virtual ...
Digital vs. Virtual Currencies
August 25th, 2014
There’s a lot of misunderstanding around the terms “virtual” and “digital,” and people often mistakenly use them interchangeably. The reality is that virtual currencies are a type of digital currency, meaning that all virtual currencies are digital, but the ...
Virtual assets-based money laundering and other crypto-enabled crimes
December 14th, 2021
The 5th Global Conference on Criminal Finances and Cryptocurrencies on 7-8 December 2021, co-organised by the Basel Institute on Governance, INTERPOL and Europol, saw several thousand participants from the public and private sectors gathering to exchange knowledge on virtual ...
Bitcoin plunges 30%; Other cryptocurrencies also plunged
May 20th, 2021
Bitcoin plunged 30% to near $30,000 at one point on Wednesday, continuing a major sell-off in the cryptocurrency markets that began a week ago. The digital currency hit as low as $30,001.51 as the selling intensified Wednesday before paring ...
Dollar slips against commodity currencies; the euro was down against the pound
April 23rd, 2020
The dollar slipped against the currencies of oil-producing states on Thursday, giving up earlier gains as a bounce in crude prices gave succour to markets shaken by the massive coronavirus-induced drop in demand. As Brent crude surged on signs ...
Payments panic and the ending of fiat currencies
March 24th, 2020
The unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show on the road, and policy makers are approaching the task ...
