digital currencies

Traditional Money on the Decline Amid Rising Interest in Digital Currencies

Paying with traditional banknotes is on the decline as interest in contactless payments and digital currencies rises. That’s according to the co-founder of the Sohn Conference Foundation. Speaking with CNBC on the sidelines of the Sohn Conference in London, Evan Sohn said that a world without fiat money is quickly approaching, adding: How far are we from a restaurant that says we only take online payment? If you eat here, you have to download this application and we only take electronic payment, no [...]


Criminalizing Bitcoin Users? US Congress Holds Hearing to ‘Modernize’ AML Laws Today

Get Trading Recommendations and Read Analysis on for just $39 per month. The U.S. Senate Judiciary is to hold a full panel hearing today on modernising anti-money laundering (AML) laws with the inclusive of digital currencies. Scheduled to take place at 10 a.m. at the Dirksen Senate Office Building 226, in Washington D.C., Bill S1241: Modernizing AML Laws to Combat Money Laundering and Terrorist Financing will be up for discussion. It will be chaired by Chuck Grassley, a senior U.S. [...]


As Bitcoin Price Hits Record Highs, Australia’s Government Considers Digital Currencies and Tax Implications

Get Trading Recommendations and Read Analysis on for just $39 per month. As Bitcoin’s valued soared to record heights over the weekend, the Australian government heard evidence on digital currencies and its tax implications. On Saturday, Bitcoin’s value saw its value rise to $6,200 for the first time, pushing its Market cap to $102.8 billion. With Investor interest increasing in the cryptocurrency Market, governments are turning their attention to the impact it presents. One of which is Australian’s House of [...]