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Debunking JPMorgan's Arguments Against El Salvador's Bitcoin Adoption
The big bank recently said the Central American country's move is "problematic," here's why they are wrong. дальше »
2021-9-10 22:14 | |
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El Salvador to introduce 'sanctions' to mandate Bitcoin adoption
El Salvador has become the first country in the world to adopt Bitcoin as legal tender. The country's officials see this move as a leap to strengthen its economy. Consider this - Around 70% of the popThe post El Salvador to introduce 'sanctions' to mandate Bitcoin adoption appeared first on AMBCrypto. дальше »
2021-9-7 12:00 | |
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Tensions Grow In El Salvador Over The Bitcoin Gamble
El Salvador will become the first country that adopts Bitcoin as its legal tender in September. However, several warnings are coming from the economist over the risks such a move poses. According to John Hopkins University findings, paying remittances with Bitcoin will be more costly than the usual traditional method. Also, another survey revealed that […] дальше »
2021-9-6 01:15 | |
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Cuba Makes Groundbreaking Move To Embrace And Regulate Cryptocurrencies
The Caribbean country that has been struggling with economic sanctions from the U. S. has revealed it is opening its doors to digital currencies. The government of Cuba yesterday announced they would be recognizing and regulating cryptocurrencies. дальше »
2021-8-28 21:17 | |
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China’s “Great Mining Migration” Leads Cryptocurrency Firms To Relocate
The recent move from China to crack down on cryptocurrency mining caused Bit Digital Inc to change its plan. Instead, the Nasdaq listed company intensified its efforts of acquiring over 20,000 computer systems from another country. дальше »
2021-8-24 12:00 | |
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Bitcoin adoption could dampen El Salvador’s credit rating, Fitch says
Fitch Ratings has warned that El Salvador’s move to regulate Bitcoin (BTC) as legal tender could negatively affect credit ratings of the country’s insurance sector. The global credit scoring agency has joined the pack of El Salvador’s Bitcoin adoption critics, stating concerns about the country’s poor articulation of the crypto’s implementation in mainstream markets. дальше »
2021-8-18 07:00 | |
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Nigerians Move Almost $40 Million In P2P Bitcoin Trading In A Month
Bitcoin trading has always seen high adoption in countries with currencies that are depreciating fast. The West African country of Nigeria has always been at the forefront of BTC adoption in the region. дальше »
2021-8-7 20:00 | |
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U.S. Lawmakers Soft-Pedal on Proposed Crypto Taxation Move
Authorities in the United States have narrowed the scope of the proposed bipartisan infrastructure bill which was initially designed to milk out at least $28 billion from the country’s crypto investors to make up the $500 billion they plan to use for infrastructural development, according to reports on July 2, 2021. A New Language AsRead More дальше »
2021-8-3 05:00 | |
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Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September. дальше »
2021-7-19 00:30 | |
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Now Italy’s After Binance; US DOJ Asks Agencies to Stop Sending the Exchange ‘Thank You’ Letters
The market watchdog of Italy is the latest in a string of global regulators to move against Binance as it said on Thursday that the leading cryptocurrency exchange is not authorized to carry out activities in the country. дальше »
2021-7-17 17:19 | |
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Here's a 'potentially significant limitation' in El Salvador's Bitcoin experiment
Several entities have expressed their displeasure about El Salvador’s move to authorize Bitcoin as an optional legal tender in the country. A top critic has been JP Morgan, who continued to hammer tThe post Here's a 'potentially significant limitation' in El Salvador's Bitcoin experiment appeared first on AMBCrypto. дальше »
2021-7-13 05:00 | |
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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 дальше »
2021-7-10 21:00 | |
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After Barclays, Santander Bank Blocks Payments to Binance in UK Citing Customer Protection
Santander Bank in the U. K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move. дальше »
2021-7-9 17:00 | |
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No, Paraguay is NOT legalizing Bitcoin, Congressman confirms
A Paraguay official changed course on what was an unprecedented development in crypto circles: That of the Latin American country legalizing Bitcoin as legal tender on the back of a similar move in nearby El Salvador. дальше »
2021-6-29 07:00 | |
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Bitcoin and China: Why this move cannot be 'underestimated'
China’s crackdown on cryptocurrency mining operations in the country was widely discussed in the last couple of months. Several conversations around this development are emerging, be it in the mediaThe post Bitcoin and China: Why this move cannot be 'underestimated' appeared first on AMBCrypto. дальше »
2021-6-29 06:00 | |
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Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is ‘Working on the Directives Given’
In a hint that Tanzania might soon reverse its 2019 crypto ban, an unnamed spokesperson of the Bank of Tanzania (BOT) recently suggested the apex bank is “working on the directives given.” The remarks by the spokesperson follow Tanzanian President Samia Suluhu Hassan’s call on the country’s finance chiefs to prepare for cryptocurrencies. BOT Move […] дальше »
2021-6-28 09:00 | |
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Chainbytes Bringing Bitcoin ATMs to El Salvador, Launching Manufacturing Hub
Bitcoin ATM provider Chainbytes is setting up a bitcoin ATM manufacturing hub in El Salvador. The move follows the country passing a bill making bitcoin legal tender. The company plans to make El Salvador “the manufacturing hub of bitcoin ATMs for all of the Americas. дальше »
2021-6-24 04:30 | |
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El Salvador President responds to critics, says Bitcoin plan is ‘bulletproof’
After becoming the first country to usher Bitcoin (BTC/USD) as legal tender, El Salvador is making consistent and unapologetic efforts in the direction of full adoption. According to President Nayib Bukele, the risks are minimal and the move is a giant step forward for humankind, Reuters reported. дальше »
2021-6-24 17:56 | |
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Why China’s Move Against Bitcoin Is Turning Out To Be The Best Thing Ever For The Crypto Market
Bitcoin’s price suffered another tumble this week following the latest developments in China on the cryptocurrency front. The Chinese government had warned of its intention to crack down on mining in the country and it’s since been reported that more than 90 percent of the PRC’s mining capacity has been shut down as lots of […] дальше »
2021-6-23 12:54 | |
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Indonesian Central Bank Prohibits Cryptocurrency as Payment Tool
The governor of Indonesia’s central bank will prohibit the use of cryptocurrencies as a payment tool, in yet another move by the country to rein in the crypto market. The post Indonesian Central Bank Prohibits Cryptocurrency as Payment Tool appeared first on BeInCrypto. дальше »
2021-6-16 09:17 | |
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Tanzania’s president is now calling for Bitcoin and crypto adoption
In what appears to be the latest move by a sovereign country to embrace cryptocurrency, Tanzania’s President Samia Sulhulu has asked the country’s Central Bank to start exploring the crypto sector, as per local outlet The Citizen. дальше »
2021-6-15 21:00 | |
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Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador
JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may be “the beginning of a broader trend among similarly situated, smaller nations.” JPMorgan’s Opinion on […] дальше »
2021-6-13 04:30 | |
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IMF Calls for ‘Careful Analysis’ of Bitcoin as Legal Tender; BIS Head says It’s an ‘Interesting Experiment’
The International Monetary Fund (IMF) has voiced its displeasure on El Salvador’s move to become the first country in the world to adopt Bitcoin as legal tender. The law puts Bitcoin on equal footing with the US dollar in the country, which adopted the dollar as its official currency 20 years ago. дальше »
2021-6-11 17:25 | |
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Will Bitcoin Mining Backed Volcano Bonds Be Enough To Ward Off The IMF?
El Salvador passed a bill making Bitcoin legal tender this week, putting it on equal footing with the country’s official national currency, the U. S dollar. While this was celebrated as a victory for Bitcoin, the International Monetary Fund (IMF) has since voiced its concerns with the move. дальше »
2021-6-11 15:00 | |
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El Salvador’s Bitcoin adoption an ‘interesting experiment,’ says BIS exec
El Salvador’s move to make Bitcoin legal tender in the country continues to elicit reactions from legacy finance gatekeepers — this time, from the Bank for International Settlements. дальше »
2021-6-11 13:47 | |
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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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India Could Be Looking to Classify Bitcoin as an Asset Class
This has been a historic week for Bitcoin as just after a decade of existence, it has now been declared the legal tender for a country. The move seems to have sparked a trend as regulators all across the globe are starting to advocate for the flagship crypto as well as the entire industry. Now,Read More дальше »
2021-6-11 19:00 | |
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Major Crypto Exchanges Looking to Enter the Indian Market
Kraken, KuCoin, and Bitfinex are reportedly working towards establishing a business presence in India’s crypto market. The move is despite the lack of clarity in the country’s approach to virtual currency regulations and the central bank’s continued criticism of the industry. дальше »
2021-6-11 15:00 | |
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China Aims to Have World’s Most Advanced Blockchain Tech by 2025
In a move contrasting its stance on cryptocurrencies, China has issued guidelines for blockchain development within the country. The post China Aims to Have World’s Most Advanced Blockchain Tech by 2025 appeared first on BeInCrypto. дальше »
2021-6-8 17:05 | |
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It’s not the first time – HSBC responds to China’s recent crypto regulation
According to Paul Mackel, global head of FX research for HSBC, the latest move by China to clamp down on cryptocurrency trading is not a “new development” He stated that the country has always put a strong regulatory framework on cryptocurrencies. дальше »
2021-5-24 14:45 | |
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Bosnia And Herzegovina To Draft Crypto Bill In A Move To Regulate Digital Asset
Bosnia and Herzegovina, a European country in the Balkans region could start regulating the crypto environment within its territory. The country is preparing to draft a bill that would help establish a regulatory framework for cryptocurrencies within its territories. дальше »
2021-5-13 02:33 | |
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South Korea: Over 50% of Survey Respondents Support Crypto Tax Law
Despite growing dissent with the planned crypto tax law in South Korea, a recent survey has surprisingly shown a significant level of support for the tax plan. Meanwhile, the country’s government appears set to move forward with the application on the new tax regime come January 2022. дальше »
2021-5-4 15:00 | |
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Bappebti, Indonesia’s futures regulator considers crypto taxation
Bappebti, Indonesia’s Commodity Futures Trading Regulatory Agency is contemplating introducing taxation for crypto transactions. A report unveiled this news on April 27, noting that the authority’s move is inspired by the increasing interest in cryptocurrencies in the country. дальше »
2021-4-27 17:11 | |
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Ripple Partner SBI to offer XRP as bonus in its upcoming STO
Ripple's major partner in Japan, SBI Holdings has been supporting and promoting its cryptocurrency solutions in the country. Its latest move was to offer bonus payouts in the form of the digital assetThe post Ripple Partner SBI to offer XRP as bonus in its upcoming STO appeared first on AMBCrypto. дальше »
2021-4-19 16:00 | |
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Turkey’s central bank moves to ban crypto payments
Recently, the population of Turkey started turning heavily to cryptocurrency payments due to the country’s struggles with the traditional economy. However, the country’s Central Bank seems to have disliked this turn of events, as it made a move to prohibit crypto users from using their assets to make payments. дальше »
2021-4-16 12:50 | |
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Romanian University partners with Elrond (EGLD) to accept crypto payments
Cryptocurrency adoption has received a boost in Romania as one of the country’s universities has announced the acceptance of crypto payments. Lucian Blaga University of Sibiu (LBUS), with about 11,000 students, said the move is part of its goal to offer support to local businesses like Elrond (EGLD). дальше »
2021-4-13 20:39 | |
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Nigeria to Pay 1.2 Cents for Each Dollar Remitted to the Country to Combat Cryptocurrency Use
The Central Bank of Nigeria (CBN) has announced a scheme that seeks to boost international remittances as well as to encourage the use of official corridors when retrieving funds. The CBN’s move to incentivise recipients follows the plummeting of the country’s official remittances inflows as recipients opt for non-traditional corridors such as cryptocurrencies. Declining Remittances […] дальше »
2021-3-9 15:00 | |
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India’s Proposed Crypto Ban Has Investors Nervous, May Feed Anti-Bitcoin Narrative
The move is bound to make potential and current crypto investors outside the country uneasy as well. дальше »
2021-1-31 21:10 | |
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Kyrgyzstan: Central Bank Publishes Draft Crypto Laws, Calls for Public Comments
Kyrgyzstan’s central bank has issued draft crypto regulations that will create a legal framework for the country’s crypto industry. The move forms the latest effort by the government to leverage the growing virtual currency adoption in the country while providing adequate investor protection. дальше »
2021-1-7 20:00 | |
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Securitize Japan Joins Self-Regulatory Association, JSTOA, To Scale Market Opportunities
The Japan subsidiary of SEC approved digital token offering firm, Securitize, has joined the country's Security Token Offering Association (JSTOA). Securitize Japan debuts as the first international token issuer in the self-regulatory association as it seeks to expand its footprint in one of the most crypto advanced jurisdictions. This move comes months after the firm […] дальше »
2020-6-22 14:49 | |
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Iran Needs to Take Bitcoin Seriously, Says Lawmaker
An Iranian lawmaker is advising the government to actively control the development of the local Bitcoin (BTC) and crypto industry. Bitcoin Could be Beneficial for Iran According to Tasnim News Agency, Mohammad Hossein Farhangi, a member of Iran’s Parliament says the country’s government needs to move forward with developing its emerging crypto market. дальше »
2020-6-3 15:36 | |
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PBC Governor says China has no launch timetable for the Digital Yuan
The People’s Bank of China has reiterated that the Digital Yuan is still at the testing phase and there is no set timetable for the official launch The Governor of the People’s Bank of China (PBC) Yi Gang has reportedly told a panel at a meeting that the country’s move towards launching a central bank-issued […] The post PBC Governor says China has no launch timetable for the Digital Yuan appeared first on Coinjournal. дальше »
2020-5-27 20:07 | |
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China Could Move From Digital Yuan to Regional Stablecoin with Hong Kong as the Epicenter
China’s interest in blockchain and state-issued cryptocurrencies is hitting new highs each week. The country has already earmarked a blockchain zone, piloted its CBDC project, and put friendly energy regulations in place for miners. дальше »
2020-5-23 19:00 | |
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South Korea Plotting $400 Million Blockchain War Chest to Challenge China
South Korea’s government is reportedly exploring a $400 million blockchain R&D fund to boost its emerging digital economy and stay apace with China’s growing dominance in the sector. According to ZDNet Korea, the country’s Ministry of Science and Technology will at the end of the month decide on whether to move forward with a planned […] The post South Korea Plotting $400 Million Blockchain War Chest to Challenge China appeared first on BeInCrypto. дальше »
2020-5-15 23:11 | |
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HSBC Chief Legal Officer, Stuart Levey Joins Libra as CEO; Bringing Transparency to the Association
This move comes shortly after Libra initiated a payment system license to commence operations in Switzerland under the oversight of the country’s financial watchdog, FINMA. Speculations arose about a possible launch of the Libra stablecoin by the end of 2020, should the association sort the underlying legal hurdles. дальше »
2020-5-7 15:31 | |
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Japan: FSA Recognizes Two Crypto Self Regulatory Organizations
Financial regulators in Japan have officially recognized two crypto self-regulatory organizations (SRO) as Certified Financial Instruments and Exchange Associations. The move marks the latest attempt by Japan to improve its compliance standards of cryptocurrency participants in the country. дальше »
2020-5-1 23:07 | |
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TPBank Leverages RippleNet to Boost Vietnamese International Remittances
Japan has recently seen an influx in the number of foreign workers living there as the country grapples with a chronic labor shortage. Lax immigration rules, all thanks to the recent deregulation of strict immigration law in 2019, have made it easier for foreign job seekers to easily move and get jobs in Japan. We're […] дальше »
2020-5-1 19:26 | |
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Coinbase Obtains Temporary Licensing Exemption from Regulators In Singapore
U. S. crypto exchange giant is among a list of cryptocurrency companies granted temporary licensing exemptions by financial regulators in Singapore. The move is a direct result of the regulatory requirements imposed on virtual currency businesses on account of the country’s Payment Services Act (PSA). дальше »
2020-3-28 00:00 | |
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South Korean Govt to Fund $3.2M to Blockchain Startups That Create Economic, Social Value
The Government of South Korea has made yet another progressive move to support blockchain development after it announced $3.2 million funding to startups. This initiative is a collaboration of the country’s Ministry of Science & ICT (Information and Communications Technology) together with the National Institute of Information and Communication Industry Promotion (NIPA). According to a […] дальше »
2020-3-18 15:38 | |
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Prince Harry Is Locked in a House With Meghan Markle and He Sounds Heartbroken
Prince Harry is holed up in a foreign country with Meghan Markle and it sounds like he's starting to have some remorse. With his family oceans away, there's only one clear winner from the couples's move to Canada. дальше »
2020-3-18 04:57 | |
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