The crypto news in ’60 sec to react’: Turkey might become the second country after China to launch its official central bank-backed cryptocurrency. Turkey will begin testing the cryptocurrency early next year. The country plans to boost its economy by launching the digital currency. China is also expected to launch its digital currency any time soon.
India is leaving itself vulnerable to corruption by attempting to ban cryptocurrencies such as Bitcoin (BTC), says Tim Draper. Speaking to California-based media outlet Indica on Oct. 31, the pro-Bitcoin VC investor called on prime minister Narendra Modi to rethink the current hostile environment towards crypto.
A top Romanian finance chief has slammed Libra as “very dangerous” and says it will “fracture the monetary system”. Daniel Daianu, the president of the nation’s Fiscal Council, says banks will be crippled if Facebook’s planned cryptocurrency ever comes to fruition, according to state news agency Agerpres.
Edited and produced by Matthijs Harmsen.
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