British Virgin Islands denies digital currency report
The British Virgin Islands had been reported to be developing a national digital currency to replace the US dollar, but it has now denied any crypto links.
The British Virgin Islands had been reported to be developing a national digital currency to replace the US dollar, but it has now denied any crypto links.
British Virgin Islands will roll out a national digital currency known as the BVI-LIFE which will enable it to reduce its reliance on the U.S. dollar.
Governor Won Hee-ryong of Jeju Island in South Korea has made an official proposal for the island to become the country’s hub for cryptocurrencies and blockchain in general.
Huobi describes itself as the only entity licensed to operate a trading platform for both retail and professional investors, although the exchange hasn't set an official launch date yet.
Despite losing out to Busan as a regulatory free zone, Jeju island is still fighting to be a force in the blockchain world.
The Cayman Islands has proposed a legal framework for the digital currency industry, including a regulatory sandbox for companies to build their products.
While the checklist guides influencers in properly promoting digital currencies, regulators in the United Kingdom say they remain adamant about advertising such risky assets.
Malta continues to set the trend in the cryptocurrency and blockchain space with the launch of the first initial convertible coin offering (ICCO) by a local blockchain company called Palladium.
Joshua Henslee released a video discussing his take on the digital currency market chaos last week, particularly how the 'leaders' in the space are handling the issue.
The Cayman Islands watchdog cited ongoing legal troubles as it rejected the VASP application, but Nexo argues this wasn’t enough reason to deny the license.
Dubbed a Floating Specialized Economic Zone, the 300-home community has received backing from the groups behind the initiative and the sale of the Varyon crypto coins.
It seems that Malta is not the only country to come under the tag of the blockchain island of late, with South Korea also entering the fray in a big way.