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IMF urges El Salvador to remove Bitcoin's status as legal tender
According to the IMF's executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity and consumer protection. дальше »
2022-1-26 00:55 | |
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Mexico's president rules out accepting crypto as legal tender
The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digital assets, but the president has not often spoken directly on the subject. дальше »
2021-10-15 22:15 | |
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Russia's financial watchdog suggests legal restriction on cryptos for this reason
Russia seems to be a long way from accepting any cryptocurrency as legal tender. Moscow partially regulated coins and tokens with the law dubbed “On Digital Financial Assets” became legally valid The post Russia's financial watchdog suggests legal restriction on cryptos for this reason appeared first on AMBCrypto. дальше »
2021-10-8 01:30 | |
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Here’s What The IMF Has In Store For Mainstream Crypto Adoption
The IMF has warned of the impending risks associated with the crypto boom. The international financial body has called for increased crypto regulation to maintain financial stability. The IMF had criticized El Salvador’s decision to adopt bitcoin as a legal tender, citing the impact that it could have upon the debt ridden nation. The International […] дальше »
2021-10-6 17:45 | |
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Russia Says It Has No Plans To Accept Bitcoin As Currency
The Kremlin has stated in unequivocal terms that it isn’t ready to accept Bitcoin as legal tender. A spokesman for the government, Dmitry Peskov noted that “pseudo currencies can cause harm” to the financial system. дальше »
2021-9-15 16:19 | |
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Bitcoin Set To Become Legal Tender In Ukraine — Crypto At The Top Of Its Financial Agenda
Key takeaways Ukraine is likely to become the next country to adopt Bitcoin as legal tender. Number of countries giving cryptocurrencies legal status is growing after El Salvador adopts Bitcoin. Bitcoin is becoming more of a global phenomenon as more countries are paying attention to adopting it as a currency standard. According to experts, Ukraine […] дальше »
2021-9-14 15:42 | |
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Why Is Ukraine Is Doing An “El Salvador” And Making Bitcoin Legal Tender?
Last week, Ukraine legalized cryptocurrency in a near-unanimous vote. And it looks like the former Soviet bloc republic is taking things a step further by making Bitcoin legal tender. Legal tender refers to a lawfully recognized means of exchange to settle a debt or meet a financial obligation. дальше »
2021-9-14 03:01 | |
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Moneygram, Western Union Could Lose Nearly Half A Billion Dollars Yearly, Courtesy Of El Salvador Adopting Bitcoin
The new bitcoin law that recognizes the most valuable cryptocurrency by market valuation, as legal tender in El Salvador may be putting some of the biggest finance firms providing financial services in the country out of business. дальше »
2021-9-11 23:20 | |
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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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Russia firm on its stance against Bitcoin and other cryptocurrencies
As Bitcoin became legal tender in ElSalvador, the world witnessed history in the making, ushering in what many believe to be a big leap towards an upcoming financial revolution. Nevertheless, critics The post Russia firm on its stance against Bitcoin and other cryptocurrencies appeared first on AMBCrypto. дальше »
2021-9-8 19:00 | |
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Russia Affirms It Won’t Make Bitcoin Legal Tender
A Kremlin spokesperson has ruled out bitcoin becoming legal tender in the country, calling the cryptocurrency a detriment to the financial system. The post Russia Affirms It Won’t Make Bitcoin Legal Tender appeared first on BeInCrypto. дальше »
2021-9-8 10:54 | |
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These are the key points El Salvador's 'worrying' Bitcoin banking regulations ignore
Since El Salvador first decreed that Bitcoin will be made legal tender, the crypto-world has waited with anticipation for this financial revolution to unfold. Despite heavy criticism from both inside The post These are the key points El Salvador's 'worrying' Bitcoin banking regulations ignore appeared first on AMBCrypto. дальше »
2021-8-20 00:30 | |
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Uruguayan Senator Proposes Bill to Make Crypto Legal Tender
Uruguayan lawmaker Juan Satori has proposed a bill in a bid to allow cryptocurrency payments. According to his tweet on August 4, Satori’s proposed bill seeks to provide “legal, financial and fiscal security in the business derived from the production and commercialization” of cryptocurrencies. дальше »
2021-8-5 19:00 | |
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Report Reveals El Salvador Plans For Issuing A Stablecoin
El Salvador recently became the first country to adopt Bitcoin as a legal tender in financial transactions, and now it plans to issue a stablecoin. The President, who calls himself “the coolest president in the world,” took the first step to equip his citizens with a digital means of paying for goods & services. дальше »
2021-7-24 21:24 | |
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JPMorgan slams Bitcoin (BTC) use case in El Salvador
The debate about the ramifications of El Salvador President Nayib Bukele’s successful push to make Bitcoin (BTC) legal tender continues as the US investment bank and financial services holding company JPMorgan Chase & Co. дальше »
2021-7-13 05:00 | |
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Fitch Rating Agency: El Salvador’s Bitcoin Adoption Increases Banks’ Regulatory, Financial & Operational Risks
While El Salvador is all set to officially make Bitcoin a legal tender on Sept. 7 and preparing to airdrop $30 in BTC to its every adult citizen, rating agency Fitch says this step means banks face higher risks, including violating rules against money laundering and terrorism financing. дальше »
2021-6-28 04:08 | |
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Summing Up The JP Morgan Report On Bitcoin In El Salvador
It’s been only a couple of days since Bitcoin was declared legal tender in El Salvador. The decision has been controversial. Most of the crypto community has shown support for the new law, but traditional media and financial institutions haven’t been equally receptive. дальше »
2021-6-12 23:14 | |
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IMF sounds ‘legal, economic’ alarms over El Salvador’s Bitcoin adoption
The International Monetary Fund (IMF), a global, intergovernmental economic and financial body, condemned El Salvador’s move to make Bitcoin an official ‘legal tender’ in the country citing economic and legal risks. дальше »
2021-6-11 07:00 | |
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IMF Voices Concerns Over El Salvador Making Bitcoin Legal Tender
The International Monetary Fund (IMF) has warned of “a number of macroeconomic, financial and legal issues” surrounding El Salvador making bitcoin legal tender. “Crypto assets can pose significant risks and effective regulatory measures are very important when dealing with them,” an IMF spokesperson cautioned. дальше »
2021-6-11 03:30 | |
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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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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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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. дальше »
2019-2-7 16:40 | |
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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. дальше »
2019-2-7 16:40 | |
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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. дальше »
2019-1-24 20:28 | |
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Japan places cryptocurrencies into new category called “crypto-assets” to prevent confusion with legal tender
The Japanese Financial Services Agency (FSA) has placed cryptocurrencies into a new legal category called “crypto-assets,” according to English-language local media The Japan News. By classifying cryptocurrencies this way, the government reportedly “hopes that traders will no longer purchase them believing that they are legal tender recognized by the government.” The FSA advisory panel compiled […] дальше »
2018-12-18 20:51 | |
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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. дальше »
2018-12-15 17:15 | |
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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. дальше »
2018-11-5 22:04 | |
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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. дальше »
2018-11-7 22:04 | |
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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. дальше »
2018-10-26 22:29 | |
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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. дальше »
2018-9-11 23:00 | |
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