Biden Takes Big Step Toward Government
The US Department of Treasury also stated that, "Virtual currency does not have legal-tender status in any jurisdiction." Cryptocurrencies are intended for payments, transmitting value across a decentralized network of users. Many altcoins (i.e., those that are not Bitcoin or sometimes Ethereum) are classified in this way and may sometimes be called value tokens. Can Bitcoin Kill Central Banks? Different/better could mean privacy-preserving, accessible to the under-aged, without revenue conditions, without need for a bank account or a financial history, etc. The Bank of England has not decided on whether or not to go ahead with a digital currency and is still in an exploratory phase. And government-backed digital cash is about to become a reality, if you are in China. Central Bank Digital Currencies We calculate the total cryptocurrency market capitalization as the sum of all cryptocurrencies listed on the site. Our Financial Policy Committee has assessed cryptoassets ...