44 Countries Set To Meet El Salvador To Discuss Bitcoin, Here’s What We Know

Before El Salvador had made Bitcoin a legal tender, it was a relatively unknown small North American country. The decision to make bitcoin legal tender alongside the U. S. dollar had given it overnight fame and the world watched on to see how this will affect its economy.

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Growing Number Of Regions In The World Turning To Bitcoin As Legal Tender After El Salvador’s Lead

The race is on for the next country to accept Bitcoin as legal tender within its borders. While national governments are adopting a tentative approach, regions are unveiling concrete plans to go all-in.

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A Mexican lawmaker wants the country to adopt Bitcoin as a legal tender

Bitcoin adoption as a legal tender could spiral to a new high as several governments around the world are already looking at the practicality of adopting the flagship digital asset within their jurisdiction.

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Bitcoin’s Political Breakthrough Raises Questions About Its Regulatory Future

With state legislators attempting to recognize bitcoin as legal tender in the U.S., we’ve entered a new, uncharted phase of adoption.

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IMF wants El Salvador to drop Bitcoin as legal tender

El Salvador adopted Bitcoin as legal tender in September 2021 and wants to build…

The post IMF wants El Salvador to drop Bitcoin as legal tender appeared first on Coin Journal.

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Bitcoin as Legal Tender Helps Adoption — But It’s Complicated

El Salvador made history by becoming the first nation in the world to adopt bitcoin as legal tender. However, does this mean other countries should follow in its footsteps? The post Bitcoin as Legal Tender Helps Adoption — But It’s Complicated appeared first on BeInCrypto.

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How to Accept Bitcoin Payments & Donations [2021 Update]

Bitcoin has been touted as many things – a store of value, a means of exchange, and crazy magic computer money. Certain South American nations have considered BTC as legal tender. Online retailers are setting up crypto payment options as the most convenient way to trade internationally.

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Most El Salvador Citizens Not Keen on Accepting Bitcoin as Legal Tender

Following the legalization of bitcoin as legal tender in El Salvador, it appears that most of the country’s citizens are not enthusiastic about the government’s move to adopt bitcoin. El Salvadorans Skeptical About Bitcoin According to Reuters on Thursday (July 8, 2021), the thoughts of El Salvadorans about the government’s bitcoin plan were revealed inRead More

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Cycling On-Chain #2: Bitcoin Enters Geopolitics

China cracks down against Bitcoin while El Salvador adopts it as legal tender; who’s making the right move?

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Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador

The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed.

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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.

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Bitcoin price targets $35K bounce level on El Salvador legal tender milestone

Bitcoin is now officially legal tender in a sovereign state for the first time, but can it exit its bearish price phase?

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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.

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Russian Central Bank Comes out Against Bitcoin, Would Support a Ban

On November 29th, the Central Bank of Russia came out against Bitcoin, claiming that their local ruble should be the nation’s only legal tender. While nothing has been set in stone as of yet, the Central Bank is open to banning the ability to buy goods and services with Bitcoin due to the risky nature […] The post Russian Central Bank Comes out Against Bitcoin, Would Support a Ban appeared first on BeInCrypto.

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Int’l Accounting Standards Body Defines Bitcoin as ‘Intangible Asset’

Cryptocurrencies like Bitcoin are neither financial assets nor legal tender, says the International Financial Reporting Interpretations Committee

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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.

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Can Bitcoin’s Inventor Actually Prove He is Satoshi Nakamoto?

At the tender age of 12, you’re of course a big enough boy to think Santa Clause is a complete fiction, but you are still very susceptible to the concept...

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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South Korea’s Central Bank Says CBDCs Will Disrupt Financial Stability

South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial stability. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a […] The post South Korea’s Central Bank Says CBDCs Will Disrupt Financial Stability appeared first on Bitcoin News.

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South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity

South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial integrity. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a […] The post South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity appeared first on Bitcoin News.

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Bitcoin (BTC) is Money: Wyoming Passes Bill to Recognize Cryptocurrency

Bitcoin (BTC), Cryptocurrency–In the midst of an uneventful week for cryptocurrency, with coin prices still hovering at their lowest point for the new year, the state of Wyoming is nearing the transition period to officially recognizing cryptocurrency as a legal form of tender.

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Florida Appeals Court Defines Bitcoin as Money as Espinoza Ruling Reversed

In 2016, Judge Teresa Mary Pooler of the Eleventh Judicial Circuit of Florida made headlines for a ruling she made during the Michell Espinoza trial. Judge Pooler ruled Espinoza could not be charged with illegal money transmission offenses because bitcoin was not considered legal tender.

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Just Because Cryptocurrency Isn’t ‘Legal Tender’ Doesn’t Make It Illegal

Central bank warnings about crypto assets may give the impression that cryptocurrency is illegal, especially since these entities often cite reasons as to why they’re uncomfortable with virtual currencies encroaching on their turf.

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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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Ministry Of Law In Singapore Says Cryptocurrency Is Not Legal Tender, Warning Companies Accepting Bitcoin Payments

Singapore Law Ministry Announces The Cryptocurrency Is Not Considered Legal Tender, Warning Companies Not To Accept As Payment Cryptocurrencies have been working to find their place in various jurisdictions as countries around the world categorize them for tax purposes, payments, and more.

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Ghana’s Regulatory Agency Could License Cryptocurrencies and Make Bitcoin a Legal Tender

Although there are several regulatory agencies around the world trying to regulate the cryptocurrency market, there are others that want to make cryptocurrencies legal tender. Ghana’s Securities and Exchange Commission (SEC) is considering licensing digital assets in the country.

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Elections Canada Consults With Political Parties on Crypto Donations

According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.

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The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property

The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.

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National Cryptocurrencies Enabled with Platin

Considering the significant benefits that can come with using cryptocurrencies, it shouldn’t be surprising that governments around the world want a piece of the pie. While there have been some reservations from policymakers regarding digital currency, an increasing number of countries are exploring the development of national cryptocurrencies to supplement their current legal tender.

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Zambia Central Bank Declares Bitcoin Not Legal Tender, Jails Multiple Crypto Investment Scheme Bad Actors

Three Directors Of Zambia’s Heritage Coin Resources Limited Accused Of Laundering $2. 4 Million Arrested Zambia’s Drug Enforcement Commission (DEC) has apprehended three directors of the Heritage Coin Resources Limited in an alleged offence of laundering more than k28,000,000, which is approximately $2.

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China's Central Bank Wants to Put the Damper Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

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China's Central Bank Wants to Put the Damper on Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

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How Bitcoin AND Stablecoins Can Dominate the Future of Cryptocurrency

Cryptocurrency, Stablecoins, Bitcoin (BTC)–As stablecoins, the new industry of cryptocurrency that is focused on price stability, continues to gain traction relative to Bitcoin and the altcoin market, competition is going to mount over the viability of transacting as adoption grows.

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Crypto is Property: Chinese Court Upholds Citizens Rights to Own Bitcoin

The Shenzhen Court of International Arbitration (SCIA) has recently affirmed that cryptocurrencies, specifically bitcoin and several of its hard forks, are considered legal property and Chinese citizens have a right to own and transfer them.

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Japanese Crypto Industry Granted Self-Regulatory Status by Authorities

Japan has always been a pro-cryptocurrency state. It made Bitcoin legal tender when several other countries were still determining the legal status of digital assets. The Financial Services Agency (FSA) of Japan gave the crypto industry self-regulatory status on Wednesday.

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Crypto Exchange Unocoin Co-founder Arrested in India for Setting up Crypto ATM

The cryptocurrency market is not regulated in India, and the Indian government does not consider crypto as a legal tender or investment. The Reserve Bank of India banned all banking channels to crypto entities in April this year.

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Zambia Launches Crackdown on Crypto Companies

The Bank of Zambia has started to clamp down on cryptocurrency-related businesses, mere days after declaring that it does not view digital coins such as BTC as legal tender. The crackdown began on Oct.

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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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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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