Portugal’s Central Bank Director Hélder Rosalino said that he didn’t consider cryptocurrency a currency or legal tender and hinted that the Central Bank of Portugal has a similar position.
His views are in line with many countries around the world, including the US where “a cryptocurrency does not have legal tender status in any jurisdiction.”
The Finance Minister of Portugal Mario Centano, who is also the president of the Eurogroup, said last December that he is looking to European regulatory guidance concerning cryptocurrencies since they are “overseeing the general picture.” The Eurogroup is a group of nineteen finance ministers of EU countries, who meet once a month to talk about major economic and monetary policies that are implemented across the EU. Finance ministers from France, Germany and the UK have proposed that cryptocurrency regulation should be coordinated at a global level with discussions taking center stage at the next upcoming G20 meeting in Buenos Aires, Argentina.
Following a long-term bearish trend on altcoins this autumn, the cryptocurrency market was surging at the end of the last year. Altcoins as Ripple (XRP), Stellar (XLM), Verge (XVG), Cardano (ADA) skyrocketed in the course of two to three week. Many others grew in price by five to ten times with the record-setters, such as Tron (TRX) and Verge – by 20 to 30 times respectively.
Many altcoins proved to be stabilizing. Major players such as Ethereum (ETH) increased immensely with a huge capitalization. It should be noted that the increase in prices has been growing alongside a relatively stable BTC price, which means that all the generated profits were nominated not only in US dollars but also in BTC.
The Korea Customs Service (KCS) published a press release on Jan. 31 on the status of illegal foreign currency exchanges using digital currency, which reportedly totals 637.5 bln won (about $600 mln).
The report gave examples of the largest cases when digital currency was illegally exchanged, citing 416.9 bln won ($391,886,000) illegally exchanged and 21.5 bln ($20,113,250) remitted due to insufficient funds between Australia and South Korea.
Unlike existing platforms, with Dragonchain you retain complete control of your data. Sensitive business logic and smart contract functionality is kept proprietary.
Current Price: $2.20 USD
Market Cap: $524,509,194 USD
Circulating Supply: 238,421,940 DRGN
Total Supply: 433,494,437 DRGN
Aelf is a Blockchain based company developing a decentralized ‘Cloud Operating System’ designed to become a central hub for all Blockchains. Aelf believes the current challenge preventing large scale commercial adoption of Blockchain technology is its inability to meet the requirements of various business and industrial scenarios.
Current Price: $2.01 USD
Market Cap: $501,890,000 USD
Circulating Supply: 250,000,000 ELF
Total Supply: 260,000,000 ELF