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An Entire Country Switched to Bitcoin and Now Its Economy Is Floundering
Months after El Salvador announced that it would accept bitcoin as legal tender, the country has found itself on the verge of economic collapse yet again. The country’s president Nayib Bukele made waves last year when he announced that the nation would accept the token for use at stores and banks. The self-described “CEO of […] дальше »
2022-1-23 22:18 | |
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Crypto enthusiasts to film documentary on crypto adoption in El Salvador
El Salvador is a Central American phenomenon. The country became the first not only on the continent but around the world to accept Bitcoin as legal tender. The country’s president, Nayib Bukele, is a real bitcoinist, a blockchain fan who does everything to develop cryptocurrencies in his country. дальше »
2021-12-7 22:23 | |
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FTX exchange offers its suggestions as the US moves towards crypto regulations
The United States’ regulators have finally decided that it is time for the country to get some laws regarding the ever-growing cryptocurrency industry. However, while many in the industry are willing to accept any kind of rules, crypto exchange FTX seems to have come up with its own idea of what the regulated crypto industry […] The post FTX exchange offers its suggestions as the US moves towards crypto regulations appeared first on Invezz. дальше »
2021-12-5 16:57 | |
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In Response to Dip, El Salvador Buys a Bunch More Bitcoin
Buying the Dip El Salvador recently became the first country to accept Bitcoin as legal tender — and thanks to a recent dip in the value of the digital currency, president Nayib Bukele is looking to cash in. дальше »
2021-9-24 00:06 | |
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El Salvador installs over 200 Bitcoin ATMs for easy purchase and sale
El Salvador made history as the first country in the world to accept Bitcoin as legal tender within its borders. It did so less than two weeks ago, and so far, the Bitcoin experiment has been rather divisive, although not damaging. дальше »
2021-9-20 16:22 | |
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Edward Snowden Predicts Massive Bitcoin Adoption by Governments
El Salvador became the first country in the world to officially recognize the cryptocurrency as legal tender this week. The news comes after President Nayib Bukele introduced legislation to accept the digital currency — alongside the US dollar — back in June and started to build out new financial infrastructure with the digital […] дальше »
2021-9-11 18:52 | |
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South Korea’s Largest Crypto Exchange Upbit Become the First to Apply for a License After Securing a Bank Account
Leading South Korean cryptocurrency exchange Upbit has become the first to apply for a license in the country, reported a local publication. The exchange also secured a bank account with K-Bank allowing it to officially accept Korean fiat (KRW) deposits and withdrawals. дальше »
2021-8-23 06:16 | |
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Crypto Market Forecast: Week of June 14th 2021
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin has a strong week as Elon Musk leaves the door open for Tesla to accept Bitcoin again, El Salvador makes Bitcoin legal tender in the country - and Ethereum transaction fees hit 6-month lows. дальше »
2021-6-14 04:00 | |
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IMF stands in the way of El Salvadorian Bitcoin (BTC) adoption
The International Monetary Fund has faulted El Salvador’s decision to accept Bitcoin (BTC/USD) as a legal tender, explaining that there could be legal implications on the country’s decision. дальше »
2021-6-11 12:27 | |
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El Salvador Becomes First Country to Approve Bitcoin as Legal Tender
The Bitcoin Law mandates that all businesses must accept Bitcoin payments if they can… The post El Salvador Becomes First Country to Approve Bitcoin as Legal Tender appeared first on Coin Journal. дальше »
2021-6-9 15:12 | |
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Crypto Market Forecast: Week of June 7th 2021
A curated weekly summary of forward-focused crypto news that matters. This week, crypto pulls back as Weibo bans popular crypto accounts, on-chain Bitcoin activity slows down and El Salvador becomes the first country to accept BTC as legal tender. дальше »
2021-6-8 17:00 | |
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This Country Plans to Be the First to Accept Bitcoin as Legal Tender
Crypto Legal Tender El Salvador is beginning efforts to accept bitcoin as legal tender — making it the first ever sovereign nation to do so. President Nayib Bukele announced that he would introduce legislation to accept the cryptocurrency as legal tender along with the US dollar, according to CNBC. дальше »
2021-6-8 18:57 | |
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Bitcoin (BTC) accepted here: Nigerian hotel tells customers
George Residence, a hospitality holding in Lagos, Nigeria, has become the first hotel in the country to accept Bitcoin payments. Additionally, the hotel hopes to expand its balance sheet and adopt the top cryptocurrency as its primary reserve. дальше »
2021-4-27 14:37 | |
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Romanian University partners with Elrond (EGLD) to accept crypto payments
Cryptocurrency adoption has received a boost in Romania as one of the country’s universities has announced the acceptance of crypto payments. Lucian Blaga University of Sibiu (LBUS), with about 11,000 students, said the move is part of its goal to offer support to local businesses like Elrond (EGLD). дальше »
2021-4-13 20:39 | |
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Dubai Government Department to Accept Bitcoin Payments
Entrepreneurs from around the world will now be able to set up and scale up more easily in Dubai and the United Arab Emirates (UAE), the country’s first English-language newspaper said. Kiklabb announced that customers can pay for services using some of the most popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). дальше »
2021-2-18 22:50 | |
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Bitcoin, Ethereum, and Tether can now be used to pay for trade licenses and visa fees in the UAE
Cryptocurrencies in the UAE could be on their way to public adoption, with the government setting the pace. KIKLABB, a government-owned licensing body has become the first public entity in the Arabic country to accept crypto payments. дальше »
2021-2-18 20:20 | |
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FCA Issues Fresh Crypto Warning to UK Investors
Fresh from enacting its ban on the sale of crypto derivatives to retail traders, the U.K. Financial Conduct Authority (FCA) has issued new warnings about crypto investments to consumers. Meanwhile, commercial banks in the country are adopting a more anti-cryptocurrency stance refusing to accept deposits from virtual currency sources even as the government appears setRead More дальше »
2021-1-11 20:00 | |
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China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD. дальше »
2020-12-7 01:30 | |
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Caribbean Crypto Hotbed: More Than 40 Businesses Accept Bitcoin Cash in Antigua
Cryptocurrencies have been getting quite popular in the Caribbean region and in Antigua and Barbuda, the island has seen significant growth. Crypto adoption has been on the rise in the island country and just recently, a regional news report detailed that more than 40 major businesses are accepting bitcoin cash for goods and services. дальше »
2020-12-4 21:30 | |
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WCA will accept USDT in the first-ever IPO in Australia
West Coast Aquaculture Group (WCA), an Australian company that operates an aquaculture farm, is planning to conduct the first Initial Public Offering (IPO) in the country that will accept cryptocurrencies as payment. дальше »
2020-10-29 16:06 | |
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Bitcoin Community Reacts to Russia’s Criminalization of Undeclared Crypto Activity
Bitcoin is not welcome in Russia. The Central Bank of Russia, this year, put in place legislation that bans the issuance and circulation of cryptocurrencies. But officials in the country accept that an outright ban is unenforceable. дальше »
2020-9-26 15:13 | |
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Largest Swiss online retailer to accept crypto payments
Switzerland has been one of the European crypto hubs for a few years now, and it seemingly continues to work on being even more inclusive of digital coins. Recently, the country’s largest online retailer, Digitec Galaxus, started conducting tests for crypto transactions revolving around a bank-issued stablecoin. дальше »
2020-8-28 13:15 | |
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Venezuela Signs In New Taxation Agreement That Will ‘Accept’ Petro Crypto Payments
The Bolivian Council of Mayors signed the “National Tax Harmonization Agreement” on Aug. 12, paving the way to a new system to optimize taxation in the country. According to reports, the new laws will integrate the country’s sovereign crypto, Petro, as one of the tools in the new system. According to reports, of the 335 […] дальше »
2020-8-13 20:49 | |
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Crypto Adoption Soars in Slovenia: Over 1,000 Locations Accept Cryptocurrencies
Cryptocurrency adoption is growing rapidly in Slovenia. More than 1,000 locations in the country now accept cryptocurrency payments, including cafes, restaurants, dentists, hair salons, and hotels. дальше »
2020-8-9 16:15 | |
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This is Why Ripple’s (XRP) Agreement With National Bank of Egypt is a Big Deal
One of the most popular cryptocurrencies at the moment, Ripple, has managed to reach a cooperation agreement with National Bank of Egypt (NBE). NBE is considered the largest Egyptian bank at the moment and is officially the first such institution in the country to accept and explore blockchain technology. дальше »
2020-2-17 03:36 | |
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Venezuelan Petro Cryptocurrency is a ‘Scam’, Say Local Merchants
Retail merchants in Venezuela are refusing to accept Petro payments as hyperinflation is causing massive devaluation upon liquidation of the crypto at the banks. Meanwhile, the country’s government has reintroduced price control inspectors as part of efforts to pressure stores into accepting the country’s state-issued digital currency. дальше »
2020-2-4 00:00 | |
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Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea
Bitcoin Cash has been added to Mecon Cash’s M. Pay platform which is integrated with over 13,000 ATMs in South Korea. By making bitcoin cash usable for withdrawing won across the country, Mecon Cash is ensuring that BCH users in Korea can always make urgent and small transactions in any place that still does not accept […] The post Bitcoin. дальше »
2020-1-20 09:55 | |
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Burger King Partners Cryptobuyer and Enables Crypto Payments in Venezuela
Coinspeaker Burger King Partners Cryptobuyer and Enables Crypto Payments in VenezuelaAmidst the hyperinflation and economic crisis in Venezuela, Burger King has decided to accept cryptocurrency payments in partnership with Cryptobuyer across all of its 40 stores in the country. дальше »
2020-1-3 17:22 | |
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Russian Tax Authority Registers Crypto as Part of a Company’s Capital
A company has blazed a trail in Russia, successfully convincing the country’s tax agency to accept that its equity capital now includes cryptocurrency. The change in the ownership distribution has been registered after the firm filed a set of notarized documents confirming a new investment was made in digital coins, not fiat rubles. дальше »
2019-11-27 15:05 | |
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Russian Bill Divides Crypto Into 3 Types; Technical Tokens, Virtual Assets, and Digital Financial
The world as a whole is slowly starting to accept Cryptocurrencies and, to a further extent, blockchains into their day-to-day functionality. While countries like Uganda warns against the use of things like Bitcoin, Russia has set out to divide cryptocurrencies into three legal categories. дальше »
2019-10-4 01:19 | |
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Venezuela Formally Confirms Sanction-Skirting Cryptocurrency Payment System
Venezuelan President, Nicholas Maduro, has confirmed rumors that the country is launching a cryptocurrency-based payment network for domestic and international payments. An even more exciting development from here is that the country is looking to accept Bitcoin and Ethereum from a state-owned petroleum company which they will hold as a part of their monetary reserves,Read MoreRead More. дальше »
2019-10-2 01:00 | |
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Tech CEO tells employees he’s obligated to accept any government contract regardless of morality
“I do not believe that it is appropriate, practical, or within our mission to examine specific government projects with the purpose of selecting which U. S. agencies we should or should not do business. дальше »
2019-9-21 00:52 | |
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PundiX’s XPOS Point-of-Sale Crypto Devices To Be Installed In Nearly 50 Retail Stores In Venezuela
The largest department store of Venezuela, which is called Traki, has recently announced that it would start to accept Bitcoin payments via blockchain-enabled cash registers. The store has 49 retail outlets in the country and it has announced that it will use PundiX’s technology. дальше »
2019-8-23 06:21 | |
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Bitcoin Aversion by Israeli Banks Hindering Crypto tax Payments
Israeli media sources say bitcoin traders in the country are finding it difficult to pay taxes as banks continue to refuse crypto deposits, August 6, 2019. Banks in many countries refuse to accept deposits from crypto-related activities based on fears of money laundering and other illicit financial activities. дальше »
2019-8-7 19:00 | |
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Maduro Orders Venezuela’s Biggest Bank to Accept Crypto Petro Nationwide
The president of Venezuela, Nicolas Maduro, has announced an order requiring Banco de Venezuela —the country’s biggest bank— to open desks for transactions in Petros in each of its near 790 agencies across the country. дальше »
2019-7-5 16:29 | |
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LocalBitcoins Witnesses Surge In Trading Volumes In RUB Amid Cash-Trade Ban
LocalBitcoins will no longer accept transactions involving Finnish currency, according to the latest news in the crypto industry. The famous Peer-to-Peer cryptocurrency exchange based in Finland, announced this latest development early in the month, a decision which many local crypto enthusiasts believe will dent the country’s image. дальше »
2019-6-24 21:40 | |
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Israeli Supreme Court Stops Bank From Closing Crypto Exchange’s Account
In February 2018, the Supreme Court of Israel issued a temporary injunction order forbidding a major bank in the country from halting the activity of a local cryptocurrency exchange. Now the bank has been forced to accept that the company’s account will remain open indefinitely. дальше »
2019-6-3 22:45 | |
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Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash
Venezuela is among those nations where cryptocurrencies enjoy faster adoption. The South American country suffers from a political and economic crisis causing hyperinflation of the national fiat, the bolivar. дальше »
2019-6-3 23:10 | |
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Control as Liability
The regulatory and legal environment around internet-based services and applications has changed considerably over the last decade. When large-scale social networking platforms first became popular in the 2000s, the general attitude toward mass data collection was essentially “why not?”. дальше »
2019-5-11 04:03 | |
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Iran Makes History with Country’s First Ever Bitcoin ATM Setup in Tehran
Cryptocurrencies are taking over the world. Do you doubt that? You only need to see how many countries are starting to slowly yet steadily accept cryptocurrencies that you will see. Now, Iran joins the list of companies that received new crypto products this week with its brand new Bitcoin ATM. The first machine of this […] дальше »
2019-4-26 03:24 | |
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Cryptocurrency Adoption Grows Beyond ‘Bitcoin City’ in Slovenia and Croatia
The number of stores that accept cryptocurrencies is rising in Slovenia and Croatia. Starting with merchants in one of the largest shopping and entertainment complexes in Europe, Elipay has now integrated with 300 stores in Slovenia and begun expanding into Croatia following approval by the country’s central bank. дальше »
2019-4-6 15:50 | |
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MIT Bitcoin: Legislators Discuss Regulation, Potential of Blockchain Tech
On March 9–10, 2019, the Massachusetts Institute of Technology hosted a two-day event, the MIT Bitcoin Expo 2019. Put together by the student-organized MIT Bitcoin Club, the conference welcomed more than just Bitcoin voices from every corner of the industry. дальше »
2019-3-15 01:08 | |
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Marshall Islands Rejects IMF Concerns to Launch ‘Sovereign’ (SOV) Digital Currency as Legal Tender
The Sovereign (SOV) digital currency looks set to become the first decentralized national digital currency. It could be used in the Marshall Islands on an equal footing with the US dollar. Such cryptocurrency as legal tender, even in a small state, is a larger step on the path to crypto-adoption. дальше »
2019-3-10 11:44 | |
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First Cinema in Brazil to Accept Bitcoin for Tickets
A cinema in the city of Florianopolis has reportedly become the very first one in the country to allow its customers to buy movie tickets using Bitcoin. Going to The Movies With Bitcoin In 2018, Bitcoinist reported that Major Cineplex Group – the largest movie theater chain in Thailand, was set to start accepting cryptocurrencies as a means of payment for a broad range of services such as the purchase of movie tickets and even popcorn. дальше »
2019-2-5 02:00 | |
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Living on Bitcoin for a Week in San Francisco
When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary. дальше »
2019-2-5 23:06 | |
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Palestinian Fundamentalist Group Hamas Receives Funding via Bitcoin
In a particularly interesting case study for the consequence of Bitcoin’s global impact, the internationally recognized terrorist group Hamas has announced that it will accept bitcoin to fund itself. дальше »
2019-2-5 21:41 | |
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