TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Russia passes a law restricting access to foreign servers. Crypto is shaking the system, according to IMF head Christine Lagarde. Coinbase and Visa launch crypto credit card. Wikileaks donations rise after Assange’s arrest. White House considers blocking remittances to Mexico, and IMF survey on Twitter gets trumped by cryptocurrencies.
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Russia Approved Law to Restrict Internet
Russia approved a controversial law that would serve the government to cut access from the country to foreign servers in order to protect them from a possible attack. However, some Russian media has reported this bill, approved in second reading by most of the house parliament, would give the state extraordinary censorship powers over any uncomfortable content. The bill will become law November 1, and it is being dubbed the “Chinese Firewall” bill in Russia.
Cryptocurrencies are Shaking the System, IMF’s Lagarde Declares
The head of the International Monetary Fund, Christine Lagarde, stated new fintech technologies as cryptocurrencies are shaking the system, working as disruptors. In an interview on CNBC, Lagarde declared: “Distributed ledger technology, whether you call it crypto, assets, currencies, or whatever… that is clearly shaking the system.” However, she also remarked about the importance of establishing regulations for these “disruptors.” “They will have to be held accountable so that they can be fully trusted,” she declared.
Coinbase and Visa Launch Cryptocurrency Credit Card
Coinbase is launching a cryptocurrency card, allowing UK customers to spend their crypto assets anywhere a credit card is accepted. Coinbase affirms this is the first card that permits spending funds directly without having to first top up the card. The card is only available in the UK, but there are plans to make it available in other European countries in the near future. There are no public plans at the moment to bring it outside Europe.
Wikileaks Donations Rise After Julian Assange’s Arrest
Wikileaks, the portal led by Julian Assange dedicated to leaking sensitive and important pieces of government information to the public, has seen a rise of cryptocurrency donations after Assange was arrested in the UK’s Embassy of Ecuador upon revoking his asylum. A bitcoin wallet associated with the organization received nearly $7,000 in donations (about 1.365 bitcoins at present value).
White House Considers Restricting Remittances to Mexico
The White House is considering a restriction on remittances to Mexico and other countries from Central America, sources claim. Kris Kobach, rumored to be the new DHS Secretary, declared: “That is a threat that we could carry through on that actually helps our economy because the money is not sent home, it stays in circulation in the U.S. economy and helps rev up our economy.”
IMF Twitter Payments Survey Gets 50% Crypto Votes
We would like to hear from you. ⬇
— IMF (@IMFNews) April 10, 2019
A survey launched by the official account of the IMF on Twitter, asking “How do you think you will be paying for lunch in 5 years?” is being widely dominated by the cryptocurrency choice. More than half of the respondents have chosen cryptocurrencies, with the two remaining choices, mobile phone and bank card, being second and third place respectively. Cash is also present at a fourth place.
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