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The Development Bank of El Salvador, BANDESAL, has refused to disclose the government’s Bitcoin purchase and sale records for the second time, according to an October 31 tweet by the country’s Anti-Corruption Legal Advisory Center (ALAC).
2022-11-2 16:30 | |
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The adoption of bitcoin as legal tender has introduced some controversy — but also undeniable benefits to the country.
2022-9-8 16:24 | |
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El Salvador, a country that has become infamous for being the first sovereign nation to accept bitcoin as a legal tender, continues its journey through uncharted waters. To make this move a reality, the country had launched its own government-approved bitcoin wallet, Chivo for carrying out crypto transactions in the country.
2022-2-4 20:00 | |
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El Salvador’s president has revealed that he trades Bitcoin on behalf of the country through his mobile phone. The country has adopted the strategy of buying the dip and has steadily increased its Bitcoin holdings.
2021-12-7 11:57 | |
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El Salvador is on the path to becoming the first country in the world to adopt Bitcoin (BTC) as legal tender alongside the US dollar. Nayib Bukele, the country’s president unveiled these plans through a video broadcast during the Bitcoin 2021 conference that was held in Miami’s Wynwood neighborhood.
2021-6-8 13:35 | |
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The decision was announced by the country’s President, Nayib Bukele, while speaking during a video broadcast at the Bitcoin 2021 conference held in Miami. The post Crypto community reacts to El Salvador becoming first country to adopt Bitcoin as legal tender appeared first on CryptoSlate.
2021-6-7 02:10 | |
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Nigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African country has a search score of 100, which is more than double that of its nearest rival. Youth-Driven Interest According […]
2021-1-15 07:15 | |
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Venezuelan President, Nicholas Maduro, has confirmed rumors that the country is launching a cryptocurrency-based payment network for domestic and international payments. An even more exciting development from here is that the country is looking to accept Bitcoin and Ethereum from a state-owned petroleum company which they will hold as a part of their monetary reserves,Read MoreRead More.
2019-10-2 01:00 | |
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Singapore could be the first country in the world to embrace Bitcoin, one of cryptocurrency’s best-known commentators has told mainstream media. Singapore Saying ‘Bring It On!’ Speaking on CNBC’s Squawk Box segment July 30, Anthony Pompliano, co-founder of Morgan Creek Digital, said Singapore’s proactive stance on regulation could leave the rest of the world racing to catch up.
2019-7-30 20:00 | |
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A number of countries are choosing to have an economy of cashless payments. Among those spearheading this is Australia. The country is reportedly planning to limit the use of cash in the country to 10,000 AUD around $6,900.
2019-7-30 19:46 | |
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The blockchain and cryptocurrency task force established by the Kenyan government is requesting that the authorities enable the development of initial coin offerings (ICOs). According to a report on iTWeb Africa on July 29, 2019, the country’s task force believes that ICOs would help local startups fund projects.
2019-7-30 11:00 | |
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Bank of China (BoC), one of the four largest government-owned commercial banks in the country has released an infographic aimed at creating awareness about the world’s flagship cryptocurrency, Bitcoin (BTC).
2019-7-30 09:00 | |
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According to a report out of Blocktempo, Cypherpunks Taiwan has successfully erected another Bitcoin satellite receiver. The island nation is apparently only the second country in Asia to do so after Japan pipped it to the post last year.
2019-7-27 13:09 | |
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South Korean giant SK Telecom together with the members of its consortium, has launched an enterprise blockchain platform called STONledger. This according to news published by Business Korea on July 25, 2019.
2019-7-26 15:00 | |
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Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.
2019-7-26 14:02 | |
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An investigation in the Spanish press suggests the country’s regime may have transferred funds to an offshore exchange via Bitcoin (BTC) and other digital assets.
2019-7-26 13:42 | |
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The Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has applied for voluntary retirement after releasing the report and draft bill which the crypto community calls “flawed.
2019-7-26 13:05 | |
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Union Bank in the Philippines, funded by Aboitiz Equity Ventures, has launched a stablecoin with the ticker PHX. In doing so, Union Bank has become the first bank in the country to conduct transactions via a blockchain.
2019-7-26 13:00 | |
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A crypto and blockchain think tank in Kenya is advising authorities to focus on ensuring cryptocurrency adoption in the country, reports CGTN Africa, July 25, 2019. Meanwhile, there hasn’t been much progress regarding the issuance of standardized regulations for digital assets in Kenya but the central bank says the Facebook Libra project poses a systemicRead MoreRead More.
2019-7-26 01:00 | |
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Six Luxembourg-based companies including Creahus, Espace Invest, Property Token SA, Tokeny, CoinPlus, and INNO, have joined forces to tokenize a luxury building located in the Grand Duchy. The property is located in Belval, a part of the country with a unique mix of work, housing, and daily life, reports local news source, Luxembourg Silicon on JulyRead MoreRead More.
2019-7-25 01:00 | |
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Economist and Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has hailed a proposed ban on cryptocurrencies in India calling it ‘good news’. According to the New York University economics professor, an actual ban on crypto in the world’s second-most populous nation will save ‘retail suckers’ in the country from investing in ‘shitcoins’.
2019-7-24 14:59 | |
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Bitcoin challenging the US dollar’s worldwide supremacy seems more likely after it emerged that even the country’s biggest bank thinks the status quo cannot last. Central Banks Amassing Gold ‘Makes Sense’ In a report issued July 10, Craig Cohen, a strategist for JPMorgan Chase, said changing habits among non-US central banks are creating a real sense of unease about the dollar’s long-term status.
2019-7-24 13:00 | |
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The dire economic situation in Venezuela continues to drive its inhabitants to use more and more Bitcoin. Last week, the country has achieved a new all-time high trading volume and has traded more bolivars, the local fiat currency, for Bitcoin than ever before.
2019-7-24 00:05 | |
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It is quite evident by now that the government of India doesn’t like bitcoin in particular and cryptocurrencies in general. Regulators in the country have officially clamped down on bitcoin and other cryptocurrencies, with a draft legislation making it clear that holding, buying or selling cryptocurrencies in the country is a crime.
2019-7-23 16:39 | |
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The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction.
2019-7-23 16:05 | |
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The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction.
2019-7-24 16:05 | |
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There have been a lot of interesting cryptocurrency-related developments in India over the past few years. Primarily the confusion regarding the regulation of the industry or even potentially banning it has created a few interesting debates.
2019-7-23 00:00 | |
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Despite an earlier statement from India’s Minister of State for Finance that the government wasn’t planning on banning cryptocurrencies, the Inter-Ministerial Committee (IMC) is proposing otherwise. According to the IMC report on July 22, 2019, the committee recommended a blanket ban on cryptocurrency and also penalties for conducting virtual currency activities in the country.
2019-7-23 20:33 | |
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We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines.
2019-7-23 16:00 | |
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The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has had a complicated relationship with cryptocurrency in the past, plans to set prices around the same tariffs that are used for exporting electricity.
2019-7-22 15:32 | |
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Cryptokart, an India-based cryptocurrency exchange is now among several other bitcoin trading venues in the South Asian country that have closed their doors due to regulatory uncertainties and lack of interest on the part of consumers, reports New Indian Express on July 20, 2019.
2019-7-22 09:00 | |
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For the first time in history, the bitcoin holdings of a nation state have surpassed their gold reserves, and it happens to be Bulgaria. The country is believed to hold... The post Bulgaria’s Bitcoin Holdings Surpass Their Gold Reserves appeared first on Trustnodes.
2019-7-21 21:08 | |
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Bitcoin enthusiasts in India have a reason to rejoice – the country’s government hasn’t banned cryptocurrencies, yet. Responding to a question in the Indian Parliament about the status of cryptocurrencies such as bitcoin in India, minister of state for finance Anurag Thakur responded in the negative, according to a report by Inc42.
2019-7-22 14:47 | |
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Bitcoin enthusiasts in India have a reason to rejoice – the country’s government hasn’t banned cryptocurrencies, yet. Responding to a question in the Indian Parliament about the status of cryptocurrencies such as bitcoin in India, minister of state for finance Anurag Thakur responded in the negative, according to a report by Inc42.
2019-7-21 14:47 | |
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In the past months, there have been rumours about an imminent bitcoin ban in India. However, a government official recently stated that there were no plans to ban bitcoin or any cryptocurrency in the country as revealed in a July 16, 2019, Q&A with the nations Minister of Finance & Corporate Affairs, Anurag Thakur.
2019-7-20 01:00 | |
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China is not a bitcoin-friendly country as it has taken a slew of measures to kill the flagship cryptocurrency, which include imposing a blanket ban on all initial coin offerings (ICO) and shuttering crypto exchanges.
2019-7-20 13:48 | |
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A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property. ” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes.
2019-7-19 06:26 | |
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Bitcoin Suisse, the Switzerland-based cryptocurrency broker, has taken the first steps to becoming a bonafide bank, the company has revealed. Bitcoin Suisse Applies For Banking, Securities License In a press release issued on July 16, Bitcoin Suisse, which already offers various crypto-focused financial services, also committed to using the Swiss regulatory system for its future expansion.
2019-7-19 19:00 | |
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Hyper-Inflation Sees Bitcoin Price Surpass 1000% In Premium. The deteriorating economic situation in Zimbabwe has seen the country’s citizens seeking refuge in Bitcoin leading them to pay an insane premium on over-the-country crypto trading platform LocalBitcoins, CCN reports.
2019-7-18 22:30 | |
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Several countries across the world have joined the Bitcoin and cryptocurrency bandwagon, either in full or partial capacity. China, Russia, and Iran have made news in the cryptocurrency industry either due to positive adoption or because of integrating the ingrained technology for their own use cases.
2019-7-14 22:00 | |
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Days after President Trump slammed bitcoin and the very idea of crypto, geopolitical foe Iran revealed that it is ready to unveil its own gold-backed cryptocurrency. Gold held in reserve by the Middle East country’s central bank will back the value of tokens on the blockchain of Iran’s new central bank “cryptocurrency” – which might […] The post Iran Punks Trump With Historic Gold-Backed Crypto Scheme appeared first on CCN Markets
2019-7-15 21:30 | |
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The Trump administration has been responsible for the recent wave of economic sanctions placed on several countries. The most notable on this list has been Iran. The two country’s tense history around the accumulation of resources needed for atomic weapons has also added an element of global concern.
2019-7-15 21:00 | |
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The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals.
2019-7-13 11:22 | |
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Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services.
2019-7-13 03:45 | |
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P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country.
2019-7-13 20:30 | |
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The President of the United States, Donald Trump has made it clear that he is not a fan of bitcoin (BTC), Libra, and other cryptocurrencies. He added that firm’s like Facebook looking to issue digital assets must obtain a banking charter and come under the purview of financial regulators in the country, reports The GuardianRead MoreRead More.
2019-7-12 14:13 | |
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Brazilian coffee farmers will soon have access to a cryptocurrency called “coffeecoin”, according to a report on Bloomberg on July 10, 2019. This new cryptocurrency is to be launched by one of the country’s largest arabica-coffee cooperatives, and it reflects the growing interest in crypto tokens.
2019-7-12 13:00 | |
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The Austrian Financial Market Authority, FMA, is warning the public against doing any business with cryptocurrency investments websites dubbed Bitcoin Trader. Speaking on Wednesday, the regulator said that, despite the entity carrying out businesses in the country, it hadn’t been granted the licenses to operate yet. In an announcement, FMA said that Bitcoin Trader is […]
2019-7-11 17:06 | |
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After the country banned the settlement of transactions using foreign currency including the US dollar and the British pound, demand for bitcoin has soared as individuals look to fill the financial gaps left behind by the ban.
2019-7-11 00:05 | |
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