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Taiwan Central Bank Considering Blockchain



The governor of the central bank in Taiwan, Yang Chin-Long said that the bank is open to the idea of implementing Blockchain technology.

Blockchain in Taiwan


Back in January Taipei, the Taiwanese capital, made promises of making the city a “smart city” by using Blockchain technology in order to improve their technological standards.

During the speech at the presidential handover ceremony, Yang Chin-long stated that the central bank will be open to “[adopting] artificial intelligence technologies and big data analysis to better predict and analyze global economic conditions:”

“In addition, the bank will also try to explore the feasibility of enhancing the security and efficiency of payment systems using decentralized ledger technology [Blockchain].”

In October, 2017 Taiwan’s (FSC) announced that it would be supporting for ICOs, cryptocurrencies, and Blockchain in the country in order to counter the strong crypto regulations in Chinaand South Korea.

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BlackRock: Bitcoin Will Be Widely Used




Black Rock, the largest investment company made a prediction about Bitcoin based on the trust that the currency will be used a lot more in the future.

BlackRock Comments

According to a recent report: “Our bottom line: We see cryptocurrencies potentially becoming more widely used in the future as the markets mature,”

“Yet for now we believe they should only be considered by those who can stomach potentially complete losses.”

BlackRock stands out among fellow finance industry giants with its quietly supportive stance on Bitcoin and other crypto assets’ investment potential.

According to the Cointelegraph’s reports late January, the corporation’s chief multi-asset strategist had gone to the public with comments that cryptocurrency was being kept under “close review” as an “interesting development.”

Despite the high volatile, Isabelle Mateos Y Lago showed constituted proof there “really is something to” the phenomenon.

However this month saw Berkshire Hathaway vice chairman Charlie Munger describing Bitcoin as “totally asinine” and said investing in it was “disgusting.”

On the Blockchain, the company commented:

“A blockchain-based, single shared financial database could eliminate inefficiencies and risks associated with human processes, but adoption at scale would require a massive shift in software development and a well-constructed maintenance model,”

“…Blockchain needs to overcome significant hurdles to reach its promising future.”

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Bill Gates: Not a Fan of Cryptocurrency




Bill Gates has shown his distrust of the cryptocurrencies during a “Ask Me Anything” session on Reddit.

Gates Closed to Crypto

He said:

“The government’s ability to find money laundering and tax evasion and terrorist funding is a good thing,”

“Right now, cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.”

When a user said that cash can also be used for illegal activities, Gates responded:

“Yes — anonymous cash is used for these kinds of things, but you have to be physically present to transfer it, which makes things like kidnapping payments more difficult,”

The chairman and CEO of Berkshire Hathaway  Warren Buffet also spoke against cryptocurrencies by saying:

“When it happens or how or anything else, I don’t know,” he added in an interview on CNBC’s “Squawk Box”

“If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it, but I would never short a dime’s worth.”

On the other hand investor Jack Bogle said. “Avoid bitcoin like the plague. Did I make myself clear?,” agreeing to the other comments.

While is not by any means the reason not to buy digital currencies, when someone as important in the tech community as Bill Gates speak against it, it is certainly a significant blow to its popularity.

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Uzbekistan Cryptocurrency Regulation




According to the local news outlet Vzglyad Uzbekistan is planning to regulate cryptocurrencies such as Bitcoin in September 2018, with a Blockchain “skill center” which will begin operating in July.

Uzbekistan Regulation

The country’s president Shavkat Mirziyoyev supports plans for a document outlining regulatory plans for Bitcoin, cryptocurrency and Blockchain.

The proposals will come courtesy of a number of government ministries and the central bank, as well as other major authorities.

Crypto regulation plans has been an important issue this year. Neighboring Kazakhstan last year showed its desire to copy Singapore’s Blockchain permissiveness, while Belarus has also stated it wants to make a more hospitable environment for the innovative financial technology community which could help the process of regulation.

The Blockchain skill center will be managed by the Mirzo Ulugbek Innovation Center in the Uzbek capital Tashkent.

According to some recent reports, will be “formulating conditions for the use of Blockchain’s potential, increasing professional ability and supporting native developers in its uptake.”

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