German Parliament Member Wants To Make Bitcoin Legal Tender

Joana Cotar wants to initiate a “preliminary examination” for legal framework to officially recognize Bitcoin as legal tender in the country.

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The Fall Of Bitcoin In The Central African Republic: Why This Legal Tender Experiment Failed

Just a year after making bitcoin legal tender, the Central African Republic (CAR) abandoned its plans to revitalize its country. Why?

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Macau Discusses Proposed Legislation to Accept Digital Currencies as Legal Tender

Macau, one of China's special administrative regions with a robust casino industry, is pursuing legal tender status for digital currencies.

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Report: 83% of US retailers think ‘digital currencies’ will become legal tender in 10 years

A new Deloitte survey has revealed that US retailers believe that crypto adoption among businesses will rise to a new high as 83% of them think ‘digital currencies’ will become a legal tender within the next ten years.

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Honduras signals intent to follow neighboring El Salvador in making Bitcoin legal tender

Honduras may be the next country to adopt Bitcoin as legal tender – a move that would rock the legacy establishment. The post Honduras signals intent to follow neighboring El Salvador in making Bitcoin legal tender appeared first on CryptoSlate.

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Zimbabwe Says It Won’t Adopt Bitcoin as Legal Tender — But That’s Not Surprising

The government of Zimbabwe dismissed reports that it was planning to adopt bitcoin as legal tender. Many critics following the developments say this doesn't come as a surprise. The post Zimbabwe Says It Won’t Adopt Bitcoin as Legal Tender — But That’s Not Surprising appeared first on BeInCrypto.

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Zimbabwe Government Denies Reports of Adopting Bitcoin as Legal Tender

Yet another crypto rumor has been debunked, with Zimbabwe saying that it has no plans to adopt Bitcoin as legal tender

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Zimbabwe considers “unstoppable” crypto as legal tender

Local media reports that the Zimbabwe government is considering crypto as legal tender in the country. The post Zimbabwe considers “unstoppable” crypto as legal tender appeared first on CryptoSlate.

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Mexican President Says No Plans to Adopt Bitcoin (BTC) as Legal Tender

The Mexican president has cleared the air around bitcoin saying the country is not interested in adopting BTC as legal tender. Mexico Not Keen on Making BTC Legal Tender Mexico’s President Andres Manuel Lopez Obrador in a press conference on October 14 said the country is not interested in adopting bitcoin as legal tender. AtRead More

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El Salvador’s Impact Hits Tonga As Parliament Member Wants Bitcoin Accepted As Legal Tender

El Salvador’s adoption of Bitcoin as legal tender has sparked a fire that has now also reached the small island nation of Tonga. Similar to El Salvador, in the Kingdom of Tonga, as it is officially known, a member of the parliament has revealed plans to propose a bill that will make Bitcoin legal tender. […]

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A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims

On Sept. 6, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community.

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Russia Won’t Follow El Salvador in Recognizing Bitcoin as Legal Tender, Says Government Official

El Salvador has been making the news round with the adoption of Bitcoin as a legal tender. Russia, however, has no plans of following this route, according to the latest reports from the local media.

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Bitcoiners Get Ready For Legal Tender Status

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Although Bitcoin Legal Tender In El Salvador, Still Not Widely Used As Medium Of Exchange

In the existing paradigm, we rely on government-issued currency – it often offers security, stability, and standardization of transactions, all essential qualities for a successful legal tender.

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Paraguay’s legal framework is not like El Salvador: Bitcoin is treated as a commodity, not legal tender

We all expected Paraguay to become the second nation in the world to adopt bitcoin as a legal tender, but the recent “legal framework” proposed by MP Carlitos Rejala and Senator Fernando Silva doesn’t go as far as that of El Salvador.

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El Salvador Bitcoin Law Making BTC Legal Tender Passes With Supermajority

The bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,” […]

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El Salvador Adopts Bitcoin as Legal Tender in Monumental Ruling

El Salvador’s President Nayib Bukele has submitted a draft of the bill that would recognize bitcoin as legal tender in the country. The post El Salvador Adopts Bitcoin as Legal Tender in Monumental Ruling appeared first on BeInCrypto.

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El Salvador to approve bitcoin as legal tender

El Salvador could become the first sovereign state in the world to accept bitcoin as legal tender. Salvadorian president attached a picture of himself with laser eyes to his tweet.

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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.

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El Salvador Set to Accept Bitcoin as Legal Tender: A Crypto Bull Case?

El Salvador is set to become the first nation to accept Bitcoin as legal tender. In an announcement at the Bitcoin 2021 conference earlier today, El Saldavor’s President Nayib Bukele said that the bill to legitimize the major cryptocurrency as legal tender was well under way.

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Singapore Doubles Down, Insists that Crypto Isn’t Legal Tender

The Singaporean government has declared that cryptocurrencies aren’t legal tender and has cautioned business owners against accepting it, just as JK Jewellery has announced that crypto would be accepted in their stores.

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Zambian Central Bank Says Bitcoin The Cryptocurrency Will Not Be Accepted As Legal Tender

Bitcoin Will Not Be Accepted As Legal Tender By Zambian Central Bank, Leaving Investors To Fend For Themselves In The Event Of Market Failure According to an announcement on October 12th, cryptocurrencies are not being considered legal tender within the borders of Zambia.

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Zambian Central Bank Declares Bitcoin Is Not Legal Tender

The Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure.

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Binance Invests $2.5 Million in Australian Blockchain Travel Startup

Binance has announced a $2. 5 million investment in Australian travel startup TravelbyBit in a move to introduce a blockchain-based, point-of-sale (POS) payment system across major airports around the world.

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Marshall Islands Minister David Paul Upbeat on SOV despite IMF Disapproval

David Paul has voiced his confidence in the planned legal tender crypto, disagreeing with the reasons for IMF’s disapproval.

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How to Buy Cryptocurrency in Japan

Japan has been one of the few countries in the world that has been pro-crypto since day one. The country pronounced Bitcoin as a legal form of payment back in 2016, but until 2017 the country did not have regulations for the market and industry.

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How to buy cryptocurrency in Japan

Japan has been one of the few countries in the world that has been pro-crypto since day one. The country pronounced Bitcoin as a legal form of payment back in 2016, but until 2017 the country did not have regulations for the market and industry.

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IMF Doesn’t Want Crypto To Be Classed As Legal Tender

The IMF (International Monetary Fund) has advised against the Republic of the Marshall Islands’ idea to bring in a digital currency as a second legal tender as well as the US dollar. The Marshall Islands are based in the central Pacific as a remote chain of islands.

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IMF recommends Marshall Islands not to issue national cryptocurrency

The Republic of the Marshall Islands, which planned to issue a digital currency as a legal tender, received a negative recommendation from the International Monetary Fund. The IMF advised to abandon these plans.

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Marshall Islands’ Legal Tender Crypto Plan Involving SOV Faces IMF Disapproval

The International Monetary Fund has advised against the launch of SOV cryptocurrency, which aims to become Marshall Islands’ legal tender.

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IMF Advises Against Crypto as Legal Tender in Marshall Islands Report

The IMF says the Republic of the Marshall Islands should reconsider introducing a cryptocurrency as a second legal tender over perceived risks.

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Samoa’s Central Bank Warns Cryptocurrencies Are not Legal Tender

The cryptocurrencies are not recognized as money and those who wish to promote them must have a license for a financial institution.

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Hyperbitcoinization: The Path to Total World Demonetization

The term hyperbitcoinization is used to describe a utopian (theoretical) state of the world economy where Bitcoin is accepted as a legal tender worldwide while all fiat currencies have become devalued and replaced by the digital coin.

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Hungary Does Not Consider Cryptocurrency Legal Tender Yet

Hungary is reportedly working on a regulatory framework for cryptocurrencies but doesn’t consider them a legal tender yet. The country’s current legislation imposes steep taxes, making it a fairly unwelcoming territory for cryptocurrency investors.

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Bahamas’ Currency Turns To Crypto To Benefit Its Citizens And Stimulate The Economy

Bahamas’ currency intends to expand into digital money. The Commonwealth of the Bahamas established the Bahamian dollar (BSD) as legal tender in 1966, replacing the British Pound Sterling (GPB).

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6 JPY Exchanges Dominating Japan’s Bitcoin Trading Landscape

Cryptocurrency is a very popular industry in Japan. Ever since the government legalized Bitcoin as legal tender, demand for this speculative asset has not declined by any means. Various exchanges allow people to buy Bitcoin with Japanese yen.

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Brazilian Presidential Candidate Pledges To Legalize Bitcoin (BTC) If Elected

A presidential candidate in Brazil has pledged to legalized cryptocurrency in the country if elected. He revealed this through his Twitter handle on the 7th of August, as he affirmed the local currency of the nation remains the national currency of the country as a legal tender for transactions, but cryptocurrency will obtain the status […]

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Foreign artist reimagines US currency

In terms of design, paper currency in the United States hasn’t changed much in the past hundred years. There have been updates and additional flourishes — not to mention security measures — but overall, it’s essentially the same set of bills circulated since 1913.

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Japan Shows Other Countries How Crypto Regulation Should Be Done

Japan has always been a very interesting country when it comes to cryptocurrency and regulation. It is one of the few companies which has made Bitcoin legal tender. The current approach of self-regulating cryptocurrency is still controversial, but the concept continues to gain a lot of traction regardless.

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3 Examples of Failed Money Laundering Attempts Involving Bitcoin in 2018

Money laundering and Bitcoin have been entwined for quite some time now. Various incidents take place every single year, and the year 2018 hasn’t been any different. Numerous incidents involving Bitcoin and money laundering have taken place in recent months.

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Indian government gives nod to crypto currency as legal tender

Regulation The law commission established by the order of the Indian government has issued a report recognizing cryptocurrency as a means of payment. This is reportedly the first time that a body appointed by the government admitted cryptocurrencies have value and can be used in transactions.

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Why Iran Could Be The First Country To Adopt Bitcoin as Legal Tender

Many things happened from the time Bitcoin was conceived as a peer-to-peer electronic cash to the time someone dared to buy two pizzas giving it real monetary value, but it only took one person daring to accept its economic value for a revolution to take place raising its price from pennies to thousand dollars in […] The post Why Iran Could Be The First Country To Adopt Bitcoin as Legal Tender appeared first on Ethereum World News.

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Could Sports Betting Help in Legitimizing Bitcoin in India?

Sports betting and Bitcoin — when the two terms come together, you wouldn’t expect a revolution. However, in India, Bitcoin’s future as a legal tender could depend heavily on the sports betting industry, which remains effortlessly present but equally hidden.

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MasterCard Apply Patent For Bitcoin Transactions

As the world of cryptocurrencies constantly evolves and changes, traditional institutions, such as banks, are trying to keep up with the crowd. Mastercard was able to receive a patent which allowed users to manage ‘fractional reserves of blockchain currency’.

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Fiat Exchanging on Zero-Fee Cryptocurrency Exchange

COBINHOOD, a zero-fee cryptocurrency exchange, has announced the launch of fiat trading, which means that legal tender can be converted, through COBINHOOD, into cryptocurrencies, and vice versa. While COBINHOOD is a separate, commercial entity, it is also the exclusive ICO services partner of the DEXON Foundation. With fiat trading now arriving to COBINHOOD, investors can

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Bitcoin is Money Because Of This Characteristics

Many people have refused to welcome the idea that, Bitcoin should be recognized as a legal tender. There have been different opinions whenever the subject of this comes to play. Some people do see the coin as such as many companies and schools last year, made it clear to the public about their intentions to […] The post Bitcoin is Money Because Of This Characteristics appeared first on ZyCrypto.

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Cryptocurrencies About to Morph form Legal Tender into Financial Product in Japan

Japanese regulator considers Bitcoin as a means of payment, but the legal status of the digital coin No. 1 is about to change.

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Cryptocurrencies About to Morph from Legal Tender into Financial Product in Japan

Japanese regulator considers Bitcoin as a means of payment, but the legal status of the digital coin No. 1 is about to change.

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Japan Will Forge a Path to Success for Blockchain and Cryptocurrency, Expert Claims

Japan is a very important location in the world of Bitcoin and cryptocurrency. Considering that it is one of only two countries to have officially recognized Bitcoin as legal tender, any development in this country will be important.

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