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Historic Moment: El Salvador Set To Become First-Ever Sovereign Nation To Recognize Bitcoin As Legal Tender
El Salvador caused a sensation during the Bitcoin 2021 conference in Miami on Saturday afternoon. The country’s president is poised to introduce a bill that will make it the world’s first country to adopt bitcoin as legal tender alongside the United States dollar. дальше »
2021-6-6 13:27 | |
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El Salvador President Bukele Vows to Make Bitcoin Legal Tender
Nayib Bukele, president of El Salvador, has said he intends to make bitcoin (BTC) legal tender in his country. The post El Salvador President Bukele Vows to Make Bitcoin Legal Tender appeared first on BeInCrypto. дальше »
2021-6-6 13:20 | |
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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. дальше »
2021-6-6 03:31 | |
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South Africa Now Considering Both Retail and Wholesale CBDC
The SARB notes that the CBDC may serve as electronic digital tender, complementary to cash, for general purpose retail use. The post South Africa Now Considering Both Retail and Wholesale CBDC appeared first on BeInCrypto. дальше »
2021-5-26 16:30 | |
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Bank of Russia to Launch Digital Ruble Prototype by End of Year
The Central Bank of Russia (CBR) is preparing to release a digital prototype of the national fiat towards the end of 2021, a high-ranking official has confirmed. Transfers between private individuals will be free of charge with the digital ruble, which is going to have legal tender status on par with Russia’s traditional currency. Bank […] дальше »
2021-5-21 01:00 | |
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OG Bitcoiner disses ‘legal tender’ and shares why NFTs are never going away
Most people forget that “money” started out as stones and rocks, to seashells and salt, whenever it was initially conceptualized thousands of years ago. The post OG Bitcoiner disses ‘legal tender’ and shares why NFTs are never going away appeared first on CryptoSlate. дальше »
2021-4-22 22:00 | |
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GBTC Holder Says Not Enough Being Done to Eliminate Discount on Shares— Proposes an Alternative Solution
A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares. According to Marlton, such a tender offer “would materially narrow — if not eliminate — the discount to net asset value (NAV). дальше »
2021-4-9 08:30 | |
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Indian Government to Discuss Bill Proposing Private Cryptocurrency Ban
Local media outlets in India are reporting that the Indian government plans to ban all private cryptocurrencies. According to a report from Medianama published on Feb. 9, Finance Minister Nirmala Sitharaman told the Parliament that cryptocurrencies were not legal tender. дальше »
2021-2-10 15:30 | |
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Chainalysis wins US IRS tender to hack Monero network
The IRS named the winners of the tender for a solution for tracking transactions in cryptocurrency networks with increased privacy. These are the Texas-based company Integra FEC and Chainalysis known for its collaboration with American government agencies. дальше »
2020-10-3 19:09 | |
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IRS to pay $625,000 for cracking down Monero
The US Internal Revenue Service (IRS) announced a tender to develop a solution capable of tracking transactions in the Monero confidential cryptocurrency network. For the creation of such a tool, American tax authorities are ready to pay $625,000. дальше »
2020-9-19 21:13 | |
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Bitcoin doesn't have to be deemed legal tender to succeed
From the time Bitcoin gained public attention in 2017, reaching its all-time high of $20,000, to Facebook announcing the launch of Libra in 2019, central banks across the globe are fearing the implicaThe post Bitcoin doesn't have to be deemed legal tender to succeed appeared first on AMBCrypto. дальше »
2020-2-24 15:00 | |
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Digital dollar not derivative of fiat; will be backed like legal tender
Back in October 2019, when J. Christopher Giancarlo, former CFTC Chairman, wrote an op-ed for the Wall Street Journal that proposed blockchain-based digital cash to tackle the issue of the declining UThe post Digital dollar not derivative of fiat; will be backed like legal tender appeared first on AMBCrypto. дальше »
2020-1-22 12:00 | |
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Cryptocurrency Needs Fair Taxation: US Lawmakers Introduce Supportive Legislation
You might not know it, but every time you spend cryptocurrency in the US, you are creating a taxable event. Despite digital currencies being convenient payment methods, the nation’s regulators do not treat purely digital representations of value as either legal tender or a foreign currency. дальше »
2020-1-21 07:23 | |
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Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property
A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments. дальше »
2019-12-26 12:15 | |
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Central Banks Consult on Tougher Crypto Asset Oversight
The Basel Committee on Banking Supervision (BCBS) is soliciting comments on “Designing a prudential treatment for crypto assets,” to improve the regulatory oversight by March 2020. The paper says, “These types of crypto-assets are not legal tender, and are not backed by any government or public authority. дальше »
2019-12-13 23:36 | |
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Dutch lawmakers initiate crypto-regulations to combat money laundering
Despite the fact that cryptocurrencies are not considered as “legal tender” in the Netherlands yet, this has not hindered the trading of digital assets in the country. As asserted by the Court of Amsterdam, digital currencies are however, recognized as something that possess “transferable value” in the region. дальше »
2019-7-2 23:30 | |
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Can Bitcoin Overcome the Issue of Scalability?
The ability to offer a currency that is regulated by its users instead of being at the mercy of large institutions has changed the way people think about economic exchanges. Since Bitcoin was released in 2009, it has grown to include millions of users and became accepted as official tender for many major businesses. дальше »
2019-6-18 13:19 | |
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SEC Suggests Ethereum is Usable Currency in Dramatic Kik Lawsuit
By CCN: Ethereum’s status as a legitimate transactional currency was confirmed once again this week – by none other than the Securities and Exchange Commission. The SEC’s recent lawsuit against Kik (KIN) details the particulars of the KIN token sale – the public phase of which was carried out against ETH, as opposed to the U. дальше »
2019-6-5 16:57 | |
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Man Sentenced for Illegal Money Transmission Services on LocalBitcoins
U. S. citizen Morgan Rockcoons has been sentenced to fines and prison time for running unlicensed money exchange services on LocalBitcoins. Advertising himself on the peer-to-peer bitcoin trading network, Rockcoons made more than 1,000 transactions with hundreds of different users. дальше »
2019-6-1 18:55 | |
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Bitcoin Trading Popularity Spooks Malawi Central Bank Warning Against Cryptocurrency
By CCN: The governor Reserve Bank of Malawi (RBM) has warned that cryptocurrencies are not legal tender and should not be used in place of the legal fiat currency, the Malawi Kwacha. According to local media, Dr. дальше »
2019-5-30 11:40 | |
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East Africa: Malawi Doesn’t Consider Cryptos a Legal Tender
“Not a legal tender” is a phrase that we have come across more often in the past 12 months than we ever did in the past. A report published on a local news agency Nyasa Times on May 27, 2019, informed that the Reserve Bank of Malawi has jumped on the bandwagon to declare thatRead MoreRead More. дальше »
2019-5-29 19:00 | |
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Reserve Bank of Malawi (RBM): “Crypto Assets Cannot be Used as Legal Tender”, No MWK Replacement
A number of independent studies published recently have shown that there has been a growing interest from the Malawian population in regards to cryptocurrencies (such as Bitcoin, Ethereum) and its associated offerings. дальше »
2019-5-28 17:18 | |
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Sweden’s Central Bank Asks Gov’t: What’s ‘Legal Tender’?
Sweden’s central bank has its parliament to form a committee to review what constitutes legal tender in the country. Originally reported by Bloomberg’s Amanda Billner, the new committee will give a definitive answer on the definition of legal tender as Sweden increasingly moves away from cash to credit and debit cards for paying for goods and services. дальше »
2019-5-3 12:00 | |
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Sweden Central Bank Pushes for Clarification of Legal Tender, Set to User in the Bitcoin Crypto Era
According to an article by the Financial Post “cash is almost extinct” in Sweden due to the country’s efforts to become a cashless society. Recently, Sweden’s Central Bank, also known as Riksbank, released a statement requesting clarification on legal tender. дальше »
2019-4-30 18:24 | |
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Crypto Day of Reckoning In Sweden? Central Bank Urges Clarification on Legal Tender
The oldest central bank on the planet has called on politicians to define the concept of money legally and its definition may include crypto. In an increasingly cashless society, the Swedish Riksbank is struggling to come to terms with its diminishing responsibilities and is seeking clarification on them as a matter of urgency. дальше »
2019-4-30 02:00 | |
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Taming of the Chinese Dragon: All Bark but no Bite; cryptocurrency industry shrugs off regulatory shackles
Part 3, the final segment of China’s regulation of the cryptocurrency industry. Based on the trend of regulation, China has very methodically tried to breakdown the decentralized currency industry. дальше »
2019-4-15 16:45 | |
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Tapatalk App Users to Get Massive Rewards in Kin Token
Tapatalk, the leading mobile community platform, announced it will integrate Kin token, a digital ledger tender, in order to enable Tapatalk users to earn Kin token by creating quality content and engaging in other meaningful ways specified by the forum owners. дальше »
2019-3-29 18:25 | |
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Tim Draper Advises Argentina's President To Make Bitcoin Legal Tender
The billionaire suggests technology is the answer to economic recovery.
дальше »2019-3-27 21:16 | |
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Iran’s Tourism Sector Recognizes Cryptos as Legal Tender
In a bid to survive the harsh sanctions imposed on it by the government of the United States, blockchain-based digital assets such as bitcoin (BTC) have now become legal tender in the Iranian tourism sector, and the nation’s authorities are also working hard to launch a state-backed cryptocurrency, reports AL-Monitor on March 21, 2019. дальше »
2019-3-24 22:00 | |
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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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Eastern Caribbean Central Bank (ECCB) to Trial Blockchain-based CBDC Cryptocurrency as Legal Money
The Eastern Caribbean Central Bank (ECCB) https://www.eccb-centralbank.org, the central bank for the Eastern Caribbean dollar, has announced its set to launch a pilot for a distributed ledger technology (DLT) powered central bank digital currency and could proceed to adopt it as a legal tender in 2020 if all goes as planned, according to reports on […] дальше »
2019-3-6 23:19 | |
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Norwegian ‘City’ Replacing Fiat and Cash for Its Own Cryptocurrency
Liberstad, a libertarian city in southern Norway, has reportedly dumped fiat currencies and cash. In their place, it has instituted its own cryptocurrency — City Coin. The not-so-cleverly-named cryptocurrency will replace all other forms of legal tender. дальше »
2019-2-19 04:00 | |
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