CNBC talks about Bitcoin, Canadian crypto owners has doubled, Finland says crypto is a fallacy, Coinsquare launches in Japan, India may stop crypto ban, South Korea proposes crypto laws, Ripple hires a new vice president, Iran is forced to use blockchain
- Hosts of CNBC ‘Fast Money’ took a look at the current state of Bitcoin, pointing out signals and what they mean for the market going forward.
- Crypto ownership among Canadians nearly doubled over the course of a year and overall awareness of the cryptocurrency jumped up to 85%, according to the results of the survey published by the Bank of Canada.
- The Bank of Finland said that that the concept of a digital currency is a ‘fallacy’ arguing that cryptocurrencies aren't real forms of money.
- Canadian cryptocurrency exchange Coinsquare plans to be launched under the Dlta21x brand in Japan pending approval by the country’s financial regulator.
- India has no intentions of banning virtual currencies, but rather treat them as commodities, according to an anonymous source in the government.
- South Korean political parties are about to submit bills focused on regulating cryptocurrencies, initial coin offerings (ICOs) and blockchain between July 13 and 26, according to a report from The Korea Times.
- Ripple employs Kahina Van Dyke, a former Facebook’s Global Director of Financial Services Payment Partnerships, as the new senior vice president of business and corporate development in order to develop global payment systems.
- Iran could become the first country forced to use blockchain as the U.S. is attempting to block Iran from accessing its bank account. Iran’s population has been increasingly turning to Bitcoin due to its borderless and apolitical nature.