A new set of laws governing cryptocurrencies has been introduced in Thailand.
We often associate cryptocurrencies with the realm of the intangible, existing in the perplexing world of coding and data. This thought process will now be a thing of the past as physical bitcoin notes have been launched in Singapore.
Bitcoin started the week badly, as prices for the popular cryptocurrency fell 7% to dip below US$8,000. The sudden sell-off follows from Twitter’s decision to ban advertising for cryptocurrencies.
Cryptocurrencies have been the talk of the town, or rather the region in recent times, especially after bitcoin hit a peak of almost US$20,000 at the end of 2017.
Ever since bitcoin reached a peak of almost US$20,000 at the end of last year, cryptocurrencies have been dominating the headlines - from news of governments trying to figure out and regulate them to hackers attempting to hack into coin exchanges.
South Korea is preparing to shut down cryptocurrency exchanges in the country, its justice minister warned Thursday, sending prices of bitcoin and other virtual units into a tailspin.
Elaine Ou, a blockchain engineer and Bloomberg View columnist, answered questions about cryptocurrencies from Bloomberg Terminal customers in a TOPLive chat on Tuesday with Julie Verhage, who covers markets for Bloomberg News.
Singapore doesn’t plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country’s central bank said.