Romania: "Gipsycoin" cryptocurrency launched by Romani community leader
News server Balkan Insight covered a story last week making the rounds in the media in Romania about that country's self-proclaimed "King of the Roma" launching a cryptocurrency, "gipsycoin". The cryptocurrency claims to facilitate financial transactions between Romani people worldwide.
Daniel Cioabă, an evangelical pastor and head of the Romanian section of the International Romani Union (IRU), launched the cryptocurrency at the beginning of August. He told the ProTV television station in Romania that he has invested EUR 50 000 into the project and that roughly 1 600 people had bought in at the opening price of 0.00001 USD per gipsycoin.
Although the cryptocurrency is oriented toward Romani users first and foremost, anybody can buy it. The official website for gipsycoin says 2 % of the transaction fees will be donated to charity projects in impoverished Romani societies, especially for children's education.
"Gipsycoin serves several functions: a currency within the community, financing for educational projects, long-term financial investment, and the financing of charity and remittances," the website states. Cioabă, who lives in the city of Sibiu in Transylvania, is the son of the late Florin Cioabă, a pastor in the Pentecostal Church from an influential Romani family who declared himself the "International King of the Roma" in 1997.
After the death of his father in 2013, Daniel Cioabă declared himself "King of the Roma in Romania". His brother Dorin declared himself "International King of the Roma".
- More Roma citizens of Romania attempting to cross from Mexico into the USA to seek asylum this year
- Romanian chief of local police filmed beating handcuffed Romani men as they lie on the ground
- Another victim of the German terrorist attack, a young man from Romania, is also from the Roma minority
- VIDEO: Ostentatious homes built by Roma community in Romania reflect their desire for prestige
- Romania loses at the European Court of Human Rights, must compensate Roma family for police brutality
- Romania: 900 protest recent violence against Roma in Italy and Ukraine, more demonstrations in other European countries to follow
- Feminist Roma theater company celebrates the abolition of Roma slavery in Romania
- Romania: Romani Actresses Shine a Spotlight on Feminism
- Stano Daniel: Will a renovated nursery school have to close in Romania? Support for Romani child development is crucial
- Romania: Ethnic Hungarian mob commits arson against Romani children accused of stealing
- International Romani Union says offer to help Trump came from Rom facing traditional community justice procedure in Romania
- Austria: Arson attacks against Romani families from Romania
- France, Romania sign treaty on repatriating Romani people who overstay
- Czech Romani group criticizes French and Romanian Governments
- Romania: Politician scores points by evicting Romani people, building wall
- The Roma narrative of Romanian media: racism, antiracism and symbolic scapegoating
- Romania to remove defamatory definitions for Jews and Roma from new dictionary
- Romanian Roma flagging people down at Czech-German border crossing
- Romanian Gypsies seek dictionary definition change
- Czech capital's "tent city" receives first Romani refugees from Ukraine
- Czech university distances itself from e-mail alleging increased security needed for dorm because of refugees from Ukraine
- Czech Interior Minister wants stricter checks on the passports held by refugees and changes to the aid offered them
- Volunteer aiding refugees from Ukraine in Czech Republic: Institutionalized racism definitively condemns Romani people to a hopeless fate
- Czech detention facility housing 130+ refugees from Ukraine, half of them are Romani
- Prague asks the Czech state for aid with accommodation of groups of Romani refugees from Ukraine, mayor says the state's effort has failed so far
- Mayor of Czech Republic's second city alleges Romani refugees sleeping in the train station can access benefits in other countries, then admits she can't prove it
- Czech Deputy Public Defender of Rights: Police ignored whether the man they restrained was even alive, ambulance called too late
- Czech state acknowledges problem with finding accommodation for Romani Ukrainian refugees, Mayor of Prague calls for all free capacities to be provided
- In Czech Republic, the Hungarian passports held by some Romani refugees from Ukraine have not proved to be an advantage
- Romani Ukrainian refugees refused housing and registration in Czech Republic and sent to Germany
- Romani Ukrainian activist: Russia is deceptively accusing Ukraine of Nazism, Romani people from Russia should at least stay neutral