Categories: Bitcoin Business

Bitcoin [BTC] could combat money laundering & cross-border terrorism, says Tunisian Central Bank Guv

Click here to view original web page at ambcrypto.com

Bitcoin [BTC], the largest cryptocurrency by market cap, has grabbed the attention of Afghanistan, Tunisia, and Uzbekistan, as the countries march towards becoming the first to ever launch a state-issued Bitcoin bond.

According to a report by Asia Times, the governors of the Central Banks of Afghanistan and Tunisia discussed the issuance of a sovereign Bitcoin bond during the annual Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund, which took place between April 8 and April 14 in Washington.

On the one hand, Governor of Central Bank of Afghanistan, Khalil Sediq, was quite optimistic about the use-case presented by cryptocurrencies. The Governor stated that they were “seriously considering” launching a blockchain-based crypto bond that would be issued with an intent to raise around $5.8 billion.

The raised funds would cater to the mining, agriculture and mining sectors, stated the report. The main reason behind this was the “severe restrictions” on non-concessional loan, which refers to loans provided by international organizations to countries with better interest rate and duration than standard loans.

More so, the Governor stated that the largest cryptocurrency would be backed by metals such as Lithium, adding that the mining industry in Afghanistan was worth over $3 trillion.

Governor Sediq reportedly stated,

“[…] a crypto issuance could offer a way to access international markets via a first-of-its-kind financial instrument made possible with hyperledger’s blockchain technology service platform.”

On the other hand, the Governor of Central Bank of Tunisia, Marouane El Abassi, also a former World Bank official, stated that the country had already formed a group that was investigating the use-case, advantage, and disadvantage of state-issued Bitcoin bond.

Interestingly, according to the report, the Tunisian Central Bank Governor stated that Hyperledger’s blockchain technology and Bitcoin, which was usually criticized by many for being a tool used by criminals, provided “central banks an efficient tool to combat money-laundering, manage remittance, fight cross-border terrorism and limit grey economics”.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

  • Bitcoin Business

Robinhood App Encroaches on Banking Turf with High-Yield Money Tool

Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management… Read More

2 hours ago
  • Bitcoin Business

The blockchain/crypto week in quotes

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force.” US… Read More

2 hours ago
  • Bitcoin Business

Art and watch collectors: Here’s how blockchain can stamp out fakes

According to an OECD report on counterfeiting, the world trade in fake goods is worth upwards of S$624 billion a… Read More

2 hours ago
  • Bitcoin Business

Litecoin and the Miami Dolphins Join Hands Over Charity

Who would have known American football and cryptocurrency would go so well together? In a press release, The Miami Dolphins… Read More

8 hours ago
  • Bitcoin Business

Crypto News: Grayscale’s Record Inflows, Shell’s New Blockchain Investment

Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover… Read More

8 hours ago
  • Bitcoin Business

David Koepsell (YICB 07), Co-founder of Encrypgen, LLC and Blockchain in Healthcare Global

David Koepsell is the co-founder and chief executive officer of Encrypgen, a software company creating next-generation blockchain solutions for genomic… Read More

8 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More