Image Image Image Image Image Image Image Image Image Image Image Image

| January 24, 2018

Scroll to top

Top

Leads Archives -

France’s Macron leads tribute 3 years after Charlie Hebdo attacks

January 7, 2018 |

French President Emmanuel Macron has paid respects to the 17 people killed when Islamic extremists attacked satirical newspaper Charlie Hebdo and a kosher supermarket three years ago, in the first of several attacks to rock France.
FOX News

Suspect Trading Leads Germany to Change How It Releases Data

December 26, 2017 |

Suspicious patterns in the trading of currency futures, discovered in an analysis by The Wall Street Journal, helped prompt Germany’s statistics agency to stop sending the sensitive economic data to journalists before the figures are publicly available.
WSJ.com: What’s News Europe

Hunter’s ‘Stupid Mistake’ Leads to Grisly Scene

December 21, 2017 |

The source of a stench that bedeviled the residents of Argyle, NY, this fall has been identified, and it’s a grisly one. The Post-Star reports hundreds of pounds of rotting moose meat—including the animal’s head—were the culprit. After tracing the smell to its source, the state Department of…
Newser

South Korea Leader Fears Bitcoin Leads Youth to Drugs

November 29, 2017 |

S Korea Leader Fears Bitcoin Leads Youth to Drug Dealing, Mexico Ready for Crypto

“There are cases in which young Koreans including students are jumping in to make quick money and virtual currencies are used in illegal activities like drug dealing or multi-level marketing for frauds,” South Korea’s Prime Minister, Lee Nak-yeon, worries. South Korea is a giant within the bitcoin ecosystem even though its government has an uneasy relationship with cryptos. However, regulators as far away as Mexico, and to a lesser degree Kazakhstan, seem to be embracing parts of the decentralized currency revolution.  

Also readExclusive Clip of The New Radical: Cody Wilson, Amir Taaki, 3D Guns, and Bitcoin

South Korea PM and Social Pathology

Prime Minister Lee Nak-yeon of South Korea is decidedly not a fan of his country’s youthful enthusiasm for bitcoin, and gave stark warnings to its perceived dangers. Appealing to the country’s Ministry of Justice for guidance, he implored: “This can lead to serious distortion or social pathological phenomena, if left unaddressed.”

S Korea Leader Fears Bitcoin Leads Youth to Drug Dealing, Mexico Ready for Crypto
Lee Nak-yeon

South Korea is a wired country, and as such is unusually poised for bitcoin and cryptocurrencies. It typically commands as much as 20 percent of crypto trading markets. On Korea’s most popular exchanges, bitcoin has already broken 10,000 USD.

Its government, however, has a typically schizophrenic relationship with bitcoin. It is widely believed to be hands-off, but it did outright ban initial coin offerings recently. The Prime Minister’s remarks appear to imply another hostile action by the state might be on the way.
The trend from far and disparate parts of the globe is for governments to be at least hesitant at the brave new cryptocurrency reality, though some regulators appear to be more open than others.

S Korea Leader Fears Bitcoin Leads Youth to Drug Dealing, Mexico Ready for Crypto

Mexico Looks to Open the Way

If South Korea seems headed for weirdness regarding all things crypto, encouraging news is coming from Mexico. General Director of the Bank of Mexico, Alan Elizondo, detailed a new amendment to a year-long developing piece of financial technology legislation rumored to be passed at any time. It would essentially allow banks to handle “cryptoactive agents,” he told El Universal.

According to the paper, “recognized institutions of banking and financial entities are the ones that [will] operate with bitcoin and other approved cryptocurrencies.” Mr. Elizondo explained they’re “working to ‘open the way’ to cryptoactives in the country, and that one of the advantages of the regulatory framework that they hope to implement is that users would have greater certainty and security of the financial services they use.”

Though this is a step toward embracing cryptocurrencies, they will still not be allowed as legal tender but will instead “be treated as exchangeable digital assets.” The previous, original draft of the legislation made no mention of cryptocurrencies until this present amendment.

 

S Korea Leader Fears Bitcoin Leads Youth to Drug Dealing, Mexico Ready for Crypto

Kazakhs Create Crypto Associations, Seek State Sanction

As Mexico takes regulatory steps toward allowing cryptocurrencies, Kazakhstan citizens are beginning grassroots efforts at promotion and education. Most bitcoiners around the world would kill to live in a country that pays no mind to their doings. For a variety of reasons, however, Kazakhs wish to get their government’s blessing through its Blockchain and Cryptocurrency Association (BCA).

The BCA presently only has six members with twice that many applying for membership.

“According to one source, the legislative aspect will heavily depend on how both industries evolve over the next two years,” The Merkle notes.

What do you think of developments in South Korea, Mexico, and Kazakhstan? Tell us in the comments below!


Images courtesy of: Pixabay, Snow, WikiCommons. 


Why not keep track of the price with one of Bitcoin.com’s widget services.

The post South Korea Leader Fears Bitcoin Leads Youth to Drugs appeared first on Bitcoin News.

Bitcoin News

Uproar Leads to Probe of 95-Year-Old ‘Indiana Joan’

November 24, 2017 |

Her collection of ancient artifacts, worth more than $ 750,000, includes a Roman dagger, Neolithic ax heads, a mummy mask, and a crucifix from the era of Jesus Christ—treasures unearthed in Egypt, Syria, Israel, and beyond. But her boasts about them have some red with anger rather than green…
Newser

$50K Iceberg Contest Leads to ‘Flabbergasting’ Response

November 21, 2017 |

Crowdsourcing has been used to help make everything from movies to music recordings, and now it just might help figure out how best to avoid icebergs. The Centre for Cold Ocean Research Engineering and Norwegian energy company Statoil recently kicked off the Iceberg Classifier Challenge to find an “algorithm that…
Newser

Cops: 10-Year-Old Leads Police on 100mph Chase on Turnpike

October 27, 2017 |

A 10-year-old Ohio boy was taken into custody after leading police and state troopers on a dangerous high-speed pursuit that began in Cleveland and ended miles away along the Ohio Turnpike when troopers boxed him in. Authorities say no one was injured during the pursuit that began around 9:30am…
Newser

Pitcher’s 11 Strikeouts Leads Dodgers to Game 1 Win

October 25, 2017 |

Clayton Kershaw struck out 11, the most by a pitcher in a World Series opener since 1968, Chris Taylor and Justin Turner homered, and the Los Angeles Dodgers beat the Houston Astros 3-1 Tuesday night. With the Dodgers in the World Series for the first time since 1988, Taylor homered…
Newser

Runner Wins Marathon After Motorcycle Leads Favorites Off Course

October 24, 2017 |

Sunday’s Venice Marathon was just the second Eyob Ghebrehiwet Faniel ever ran—and yet the Eritrean-born Italian runner won the race, thanks to a wrong turn. A guide motorcycle led the pack of seven runners who were in the lead several hundred meters off course before they realized the mistake…
Newser

Fight in ’empathy tent’ at UC Berkeley leads to 4 arrests

September 27, 2017 |

So much for empathy. Members of opposing political groups clashed Tuesday inside a so-called “empathy tent” on the campus of the University of California, Berkeley.
FOX News