While the Russian central bank is thinking aloud about a Bitcoin ban, Zimbabwe is adopting a more crypto-friendly tone. Meanwhile, Trump is showering the US population with helicopter money and a self-proclaimed Bitcoin inventor has to dig deep into his pockets.
Russian central bank wants Bitcoin ban
For two years Russia has been trying to master the mammoth task of crypto-regulation. In the past, the country has repeatedly oscillated between prohibition and legalization. As it currently looks, it could be heading in the negative direction again - at least if the Russian central bank has its way.
Zimbabwe Central Bank: Cryptocurrencies to be regulated
Zimbabwe has anything but a balanced economic climate. The central bank's policy has almost ruined the country's currency, which is unlikely to improve in the current economic malaise. At least in terms of Bitcoin regulation, however, there is now a ray of hope. For example, the country's central bank has decided to issue guidelines for crypto companies. It had previously taken a more restrictive course.
TheIn the wake of the Corona crisis, the US government under President Donald Trump last week announced helicopter money. In the future, every American is to receive a check for 1,000 US dollars. With this, the government wants to cushion the threatening recession and prevent an economic depression. However, the monetary antidepressant also carries risks - in the long run, it could lead to a devaluation of the fiat currency. What is a high risk for the global economy may turn out to be an opportunity for crypto currencies.
Bitcoin fraud: US authorities on course of attack
However, the US authorities were active in the search for fraudsters. As it turned out again last week, also with success. For example, the Department of Justice succeeded in arresting and subsequently convicting two Canadian scammers. They had pretended to be employees of the crypto-exchange HitBTC on Twitter in order to rip Bitcoin out of the pockets of a user. In retrospect, however, they were not particularly clever.
Craig Wright the paymaster
There are also new developments in the never-ending court case of "Faketoshi" Craig Wright. In the dispute with the estate of Ira Kleimann over the enormous amount of 1.1 million Bitcoin, the presumed Bitcoin inventor must now dig deep into his pockets. As Judge Reinhart ruled last week, the mastermind behind Bitcoin SV must now pay Kleiman's legal fees. Helicopter money coming - time to invest in Bitcoin?
