The Central Bank of Vietnam has presented to the government a document to regulate cryptocurrencies. The intention is to ban some activities related to Bitcoin and other cryptocurrencies.
It is surprising that Initial Coin Offerings (ICOs) moved this year more than 3 billion dollars. But it is not the limit that ICOs will reach. In 2018, they are expected to grow even further, multiplying this year’s record.
After weeks of being traded between $5000 and $6000 dollars, we have arrived to a new Bitcoin record: $6300 Dollars.
In a country where the currency (Bolívar) loses its value every single day, is not possible to use cash anymore. A standard family only arrives to eat at the end of the month. Lets not talk about tooth paste or toilet paper rolls, they do not exist anymore in the country. If one is lucky enough to be able to earn a decent salary, it would be impossible to pay everything with cash.
If you believe that blockchain technology can only be used for cryptocurrency and banking operations, then you are wrong. Blockchain technology is growing in many different aspects in life. Business, Education, Health or Financial Services are some of the fields in which Blockchain technology can grow and develop solutions.
Kazakhstan’s Central Bank has proposed the government to restrict some cryptocurrency activities. Furthermore, as some experts believe, the intention is to ban mining factories in the country. The restrictions on exchanges and mining would be analyzed by the government in the next weeks.