Romanian Central Bank Official Says Crypto Will Not Fulfil Basic Roles of Currency

An official from the Romanian central bank has stated that cryptocurrency will not replace currency issued by central banks as it is not necessarily a currency. The news was published by local media outlet Business Review on April 16. Daniel Daianu, a member of the Romanian National Bank (BNR)’s Administration Council, reportedly stressed the necessity …

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Arca Funds Files With SEC to Issue Stablecoin-Like Digitized Shares on ETH Blockchain

Arca Funds, an American institutional-grade investment manager, is seeking regulatory approval to issue digitized securities on blockchain, according to a filing document released on April 12. The company has filed with the United States Securities and Exchange Commission (SEC) to issue its Arca UST Coins — digitized shares that will be authenticated and then recorded …

Should you invest in cryptocurrency? | CNBC Explains

As bitcoin’s price continues to surge towards $5,000, CNBC’s Tom Chitty explains whether the rollercoaster ride of cryptocurrencies could make you rich. —– Subscribe to CNBC International: http://bit.ly/1eiWsDq Like our Facebook page https://www.facebook.com/cnbcinternational Follow us on Instagram @cnbcinternational Follow us on Twitter Tweets by CNBCi Subscribe to our WeChat broadcast CNBC_international source

LedgerX Makes Bid to Launch Physically-Settled BTC Futures Product for Retail Investors

United States-regulated crypto derivatives and clearing platform LedgerX is eyeing the launch of a physically-settled bitcoin (BTC) futures contract, crypto news outlet The Block reported on April 15. LedgerX, which is overseen by the U.S. Commodities Future Trading Commission (CFTC), has reportedly applied for a designated contract market license that would allow it to launch …