The central bank of Pakistan, i.e. State Bank of Pakistan, ended months of neutral stance by formally issuing a notice on Bitcoin &/or Virtual Currencies. In a Banking Policy & Regulations Department (BPRD) Circular # 3 of 2018, State Bank of Pakistan has officially put a Prohibition of Dealing in Virtual Currencies/Tokens. It also confirms […]
Cryptocurrencies for Dummies I recently did a small Facebook live session on cryptocurrencies for dummies (so to speak), but essentially covering the issues of investing in cryptocurrencies for my friends, family and colleagues. Here is the recording of that event.
It takes 29.05TWh annually to operate the energy-hungry computers and networks that power bitcoin transactions. The rise in its value has given way to an increase in electrical consumption that is used to “mine” more bitcoins, according to a report Source: Bitcoin mining consumes more energy than 159 countries
When governments fail to come up with solutions, courts often have to step in to provide guidance. A petition seeking the government to act on Bitcoin has landed in India’s Supreme Court. The case is likely to come up for hearing in January 2018. Source: Bitcoin & co: India’s crypto-currency debate heads to the courts, […]
After Pakistan and some other countries, India decides it doesn’t like Bitcoin. …director of the Reserve Bank of India (RBI) has signalled that virtual currencies like bitcoin won’t be allowed in the country. “Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying crypto-currencies […]
Because of its disruptive nature, Bitcoin and other cryptocurrencies sit very uneasily with the traditional banking sector as there is a fear the digital currency could render them obsolete. The UK boasts about its relative dominance in the fintech sector, but its own banks are making life difficult for the country’s bitcoin businesses. Source: Bitcoin […]
How To Invest In Crypto-Currencies Smartly Over the past couple of weeks, a lot of friends, family, and associates have been asking me if they ought to invest in Bitcoin? Have they missed the boat? Is there still an opportunity to make money? First, let us get something out of the way: I am not investment […]
A couple of days ago, a news article came out, that cited: FBR goes after Bitcoin traders. The article highlights that money-laundering or the flight of capital is the main threat to this pursuit (which by the way has not been confirmed as of yet). I wanted to explore the basis under which these raids […]