Dubai Culture to launch world’s premier digital currency for creativity. According to The Dubai Culture and Arts Authority (Dubai Culture) has released its blockchain-powered digital bank for art, ArtBank.
According to Dubai Culture, the platform is the premier of its kind in the world and it Utilizes cryptocurrency to facilitate trading in artworks.
With ArtBank, we are effectively relleasing the world’s premier digital cryptocurrency for creativity.
“The platform going to launch the world’s premier digital currency for creativity, that going to grow in price over time and strengthen the Dubai economy as the ecosystem grows. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Dubai Executive Council and Chairman of DFF’s Board of Trustees.
State’s rules on digital currency are the ultimate crypto-con
In 2015 New York’s section of Financial Services superintendent, Benjamin Lawsky, implemented the nation’s strictest and generality convoluted regulations against cryptocurrency exchanges.
The set of Lawsky cryptocurrency regulations are this time often referred to as the BitLicense.
Within the 44 pages of regulations set forth without any legislative authority or input, might the generality discriminatory requirement is related to the want for surety bonds.
Instead of requiring a surety bond, the legislation would probe insurance mechanisms modeled after Securities Investor prevention Corp. standards to indemnify individual investments.
As the financial capital of the world, New York needs to embrace innovation and entrepreneurs while protecting consumers and investors.
New digital currency targets 100,000 subscribers
according to Everest Amaefule, AbujaPromoters of new digital currency CoinMD have set a aim to acquire 100,000 users and add 5,000 businesses in the Nigerian health industry in the else twelve months.
According to McMurrain, the average of inflation pushes health care services and health products beyond the limit of many people however adds which with a digital currency to address the needs in the health services, affordability could be assured.
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“With digital currency, the time I have 11,000 computers, I have my bank balance all around the world; you send me price or I send you, 3,000 to 4,000 computers Must innovate a consensus which I really have the money to send you.
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The only digital currency in India going to be state-backed
The Reserve Bank Of India (RBI) has reported new measures banning banks under its control from investing in crypto-currency markets, while at the same time relleasing a research on a crypto-currency it going to back.
However, the RBI said it is still going ahead with a research examining a digital currency backed with the central bank.
“This going to be in addition to the paper currency which we have.
It too holds the promise of reducing the cost of printing of notes,” BP Kanungo said.
The break news from the RBI follows the tough line the Indian government has taken on cryptos in the final few months.
India cracks drop on bitcoin and hints it may launch its own digital currency
The Reserve Bank Of India (RBI) has initiated a crackdown on cryptocurrencies such as bitcoin, even as it considers a suggestion for issuing its own digital currency.
This may mean the finish of the road for those who own bitcoin or its peers, as well as the many virtual currency exchanges.
Virtual currency players in India are naturally disappointed with the RBI’s decision.
“I don’t believe this is the right direction which the central bank has taken.
This going to cause panic between a few million people in India who are endeed Utilizing cryptocurrrencies,” says Sathvik Vishwanath, co-founder of Unocoin, a virtual currency exchange in the country.
collected by :John Locas