Weekly News Overview: Cryptocurrency
By XcelToken on The Capital
Ukrainian Regulations States That Mining Does Not Require Governmental Oversight
Ukrainian’s powers stated that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party protocols.
In its legal article on virtual assets published on Feb. 7, the Ministry of Digital Transformation of Ukraine specified that mining does not necessitate directives by state authorities as this activity is measured by the protocol itself and network members.
Internet Surges 300% In North Korea Over The Past 3 Years
North Korea’s internet use saw a 300% surge over the past three years, as the country’s regime has continued to rely on cryptocurrencies for various activities.
Misuse of crypto and blockchain technology is among the primary tactics for the country to generate revenue as well as transfer and use illicitly obtained funds, a new study says. Blog
U.S. Think Tank Contradicts Need For Federal Digital Currency
Conservative United States think tank the Heritage Foundation argues that instead of launching a central bank digital currency (CBDC), the government should ensure that the public can use the currencies they prefer, including private ones.
In a commentary piece published on Feb. 12, the Heritage Foundation notes that Facebook’s Libra global stablecoin project “is just the latest reminder that providing money does not have to be a centralized function of government.” The report answers to the idea that the public sector must ensure that sovereign currencies stay at the centre of each nation’s financial system.
Blockchain Education Is Becoming Popular Than Ever Before
As blockchain weaves its way deeper into the world economy, more American universities are teaching the technology, offering more courses and expanding delivery methods.
Kevin Werback, a professor and blockchain club mentor at the University of Pennsylvania, told Cointelegraph, “Even if they aren’t pursuing a career in the area, most students aren’t confident they can figure it out on their own. Blockchain is just so darn weird.”
US Intelligence Community Sees Crypto As A Threat
The United States intelligence community is seeking a researcher to model risk scenarios for how and why the dollar could lose its global supremacy, and how best to respond. The role was advertised on Feb. 14 by the Office of the Director of National Intelligence (ODNI).
The successful candidate will be tasked with evaluating threats to the dollar’s status as world reserve currency — most notably cryptocurrencies and the rise of major new economies such as China and India.