Governments and banking officials are watching Bitcoin in fear of losing their leading position to the virtual currency and the infrastructure building around it, Arwa Mahdawi, consultant, journalist and Bitcoin employee, told RT.
Countries classified today as developing will dominate global savings and investment in less than a generation, according to the World Bank. India and China are forecast to provide 38% of the total investment by 2030.
The crackdown campaign against the Bitcoin payment system was instigated by banks which see it as an “existential threat” to current financial system “crashing down and squeezing so much human energy out of our planet,” blogger Mike Gogulski told RT.
Russian stocks continued their slump, falling a fifth consecutive day as crude oil declined. The rouble strengthened against the dollar, closing at 31.34, and continues to gain momentum on Asian floors, currently up 0.17 percent to 31.40 at 9:41 MSK.