2022-1-26 00:55 |
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. origin »
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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.
2021-10-15 22:15 | |
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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.
2021-10-8 01:30 | |
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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 […]
2021-10-6 17:45 | |
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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.
2021-9-15 16:19 | |
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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 […]
2021-9-14 15:42 | |
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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.
2021-9-14 03:01 | |
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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.
2021-9-11 23:20 | |
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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 […]
2021-9-11 18:52 | |
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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.
2021-9-8 19:00 | |
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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.
2021-9-8 10:54 | |
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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.
2021-8-20 00:30 | |
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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.
2021-8-5 19:00 | |
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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.
2021-7-24 21:24 | |
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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.
2021-7-13 05:00 | |
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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.
2021-6-28 04:08 | |
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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.
2021-6-12 23:14 | |
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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.
2021-6-11 07:00 | |
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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.
2021-6-11 03:30 | |
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Cryptocurrencies like Bitcoin are neither financial assets nor legal tender, says the International Financial Reporting Interpretations Committee
2019-9-23 12:35 | |
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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.
2019-6-1 18:55 | |
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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.
2019-4-30 18:24 | |
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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.
2019-2-7 16:40 | |
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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.
2019-2-7 16:40 | |
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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.
2019-1-24 20:28 | |
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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 […]
2018-12-18 20:51 | |
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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.
2018-12-15 17:15 | |
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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.
2018-11-5 22:04 | |
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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.
2018-11-7 22:04 | |
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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.
2018-10-26 22:29 | |
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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.
2018-9-11 23:00 | |
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The cryptocurrencies are not recognized as money and those who wish to promote them must have a license for a financial institution.
2018-9-6 18:22 | |
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Japanese regulator considers Bitcoin as a means of payment, but the legal status of the digital coin No. 1 is about to change.
2018-7-4 15:14 | |
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Japanese regulator considers Bitcoin as a means of payment, but the legal status of the digital coin No. 1 is about to change.
2018-7-4 15:14 | |
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The US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) by a resounding 279 to 136 vote. The bill, seen as a major win for the crypto industry, aims to establish a long-awaited regulatory framework for digital assets in the US.
In a detailed analysis shared with his 788,000 followers on X (formerly Twitter), renowned analyst Pentoshi has forecasted a more restrained outlook for the current crypto bull run, suggesting that it may not mirror the explosive growth seen in previous cycles.
In his latest essay, Arthur Hayes, the former CEO of crypto exchange BitMEX, introduced a bold investment philosophy he calls the “Left Curve. ” This strategy diverges sharply from traditional investment approaches typically adopted during bull markets in the crypto world.
Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority.
Genesis claims Gemini made preferential transfers of about $689 million from Genesis and wants the court to “correct this unfairness.”
The former presidential candidate spoke at NABS about opportunities the United States may be missing to blockchain and AI for the public good.
The third-party crypto bot Wallet is debuting its global rollout on Telegram Messenger in several countries in Latin America and Africa.
