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World Bank Denies El Salvador Assistance With Bitcoin Implementation
In an email sent on Wednesday, the World Bank said it cannot provide any assistance to El Salvador as the country implements bitcoin as legal tender. The post World Bank Denies El Salvador Assistance With Bitcoin Implementation appeared first on BeInCrypto. дальше »
2021-6-17 12:56 | |
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The World Bank under fire for refusing to help El Salvador switch to BTC
The World Bank came under fire recently after refusing to help El Salvador transition to adopt Bitcoin (BTC/USD) as legal tender — a decision that was announced only about a week ago by the country’s president. дальше »
2021-6-18 10:32 | |
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Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal Tender
Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there’s an area in El Salvador called “Bitcoin Beach” with a small group of beach villagers that are attempting to leverage bitcoin […] дальше »
2021-6-17 00:30 | |
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Clean Bitcoin Mining Solutions Grow Thanks To Ongoing China Crackdown
China’s crackdown on Bitcoin mining has led to an increase in clean bitcoin mining operations. Even though trading of cryptocurrencies has been banned in China since 2017, the country still leads the world in crypto mining rigs. дальше »
2021-6-17 21:47 | |
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Indonesia’s Central Bank Bans the Use of Crypto as Payment Method
The Bank of Indonesia (BI) has banned the use of cryptocurrency as a means of payment, stating that the payment method is not legitimate in the country. Crypto as Payment Tool Not Legitimate in Indonesia According to Tempo on Tuesday (June 15, 2021), Perry Warjiyo, the governor of the Bank of Indonesia, stated that financialRead More дальше »
2021-6-17 21:00 | |
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El Salvadorian government discusses paying salaries in Bitcoin (BTC)
Three El Salvadorian government ministries are discussing whether they should allow firms in the country to pay salaries in Bitcoin (BTC/USD). A report unveiled this news on June 15, citing El Salvador’s minister of Labour and Social Welfare, Rolando Castro. дальше »
2021-6-16 14:33 | |
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Tunisian Minister Says He Plans to ‘Decriminalize’ the Buying of Bitcoin
After reports that Tanzanian President Samia Hassan had asked her finance chief to look into cryptocurrencies, Tunisia has become the latest African country to signal a willingness to embrace digital assets. дальше »
2021-6-16 14:00 | |
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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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Why Nigeria Could Be The Next Nation To Embrace Bitcoin
There has been a high level of speculation on the next country that could massively adopt Bitcoin. El Salvador’s new law granting BTC legal tender status has caused excitement, after its approval many politicians and government officials around the globe have shown support for pro-BTC legislation. дальше »
2021-6-16 20:52 | |
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Tanzanian President Wants Central Bank Chiefs to ‘Prepare for Cryptocurrency’
Tanzanian President Samia Suluhu Hassan has urged her country to be ready for emerging fintech by paving the way for cryptocurrencies. She also urged the country’s central bank to begin the necessary preparations for a step-change in global attitudes towards banking. дальше »
2021-6-16 15:35 | |
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China has started paying builders in Xiong’an region with digital yuan
China has always been vocal about blockchain technology and the launch of central bank digital currency (CBDC). The country is also on the right track to roll out the first-ever government-issued digital currency for its citizens. дальше »
2021-6-16 14:45 | |
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Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender
Bitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender in the country alongside the U. дальше »
2021-6-15 02:00 | |
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Bitcoin Made Americans More Than $4.1 Billion In 2020, New Data Reveals
During the peak months of COVID, interest in bitcoin and cryptocurrencies skyrocketed in the United States, and now many traders in the country are profiting from it. According to Chainalysis, an analytical firm specializing in blockchain technology, Americans have seen their bitcoin assets return more than $4 billion. дальше »
2021-6-15 00:33 | |
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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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Tunisia’s Economy Minister says He’s Going to Decriminalize Buying Bitcoin
The latest country working on changing its rules and regulations around cryptocurrencies is Tunisia which plans to decriminalize owning Bitcoin and crypto. Tunisia’s minister of economy said over the weekend that he wants to change the law around cryptocurrencies which condemns people for mining cryptos and using them as payment. дальше »
2021-6-14 20:18 | |
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South Africa to revise its stance on crypto amid surging retail interest
South Africa’s financial watchdogs are gearing up to introduce a crypto regulation framework in the country. A report unveiled this news on June 14, citing a position paper published by the South African Intergovernmental FinTech Working Group (IFWG) via the Crypto Assets Regulatory Working Group (CAR WG). дальше »
2021-6-15 18:48 | |
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China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments
The country is testing the currency in different pilots. дальше »
2021-6-15 17:03 | |
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‘Prepare for Crypto’ Says Tanzanian President to Financial Chiefs
Tanzania’s President Samia Suluhu Hassan said her country should prepare for the greater adoption of cryptocurrencies. The post ‘Prepare for Crypto’ Says Tanzanian President to Financial Chiefs appeared first on BeInCrypto. дальше »
2021-6-15 16:58 | |
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China debuts blockchain-based digital yuan salary payments in Xiong’an
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area.
дальше »2021-6-15 14:39 | |
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Dutch Official Predicts Crypto Market Crash, Says ‘the Netherlands Must Ban Bitcoin Now’
The director of the Netherlands’ Bureau for Economic Policy Analysis, a part of the country’s Ministry of Economic Affairs and Climate Policy, has predicted “The ultimate collapse of the crypto bubble. дальше »
2021-6-14 05:35 | |
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Crypto Market Forecast: Week of June 14th 2021
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin has a strong week as Elon Musk leaves the door open for Tesla to accept Bitcoin again, El Salvador makes Bitcoin legal tender in the country - and Ethereum transaction fees hit 6-month lows. дальше »
2021-6-14 04:00 | |
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Dutch Finance Minister Opposes Government Bureaucrat’s Push To Completely Outlaw Crypto
Wopke Hoekstra, the Dutch minister of finance, is opposed to a blanket crypto ban. In an interview with Dutch publication RTL, Hoekstra argued that a ban on cryptocurrencies as proposed by top economic advisor Pieter Hasekamp, is not a good solution to the country’s current concerns about the nascent sector. In case you missed it, […] дальше »
2021-6-14 20:38 | |
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South Africa’s Fintech Working Group Calls For Regulation of Crypto Exchanges
South Africa’s Intergovernmental Fintech Working Group released a new position paper on crypto-assets. In it, they call for the regulation of the country’s current cryptocurrency system. дальше »
2021-6-13 18:29 | |
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How Crypto Confusion in India’s Banking Sector is Affecting Indian Investors
In recent weeks, Indian cryptocurrency firms and investors have faced problems facilitating transactions - something they say is due to the unwillingness of most commercial banks in the country to process crypto-related transactions. дальше »
2021-6-14 15:01 | |
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South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset Providers
South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto […] дальше »
2021-6-13 08:30 | |
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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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Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges
The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges. дальше »
2021-6-12 14:30 | |
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Dutch Official Gives Reasons Why The Netherlands Should Ban Bitcoin In Its Entirety Immediately
Several people have poured their criticism on the call for the Netherlands government to ban Bitcoin and cryptocurrencies, as opinionated by Pieter Hasekamp, the director for Central Planning Bureau – a leading economic policy research institute in the country. дальше »
2021-6-12 14:01 | |
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Trouble Looms For Bitcoin As U.S Looks to Bar Holders From Converting Crypto To USD
Bitcoin is still not free from criticism from the U. S government. The cryptocurrency which was recently branded as a threat to the country by the former president of the U. S Donald Trump has gotten a lot of backlash from members of the recently held 2021 senate banking subcommittee hearing. дальше »
2021-6-11 22:32 | |
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Binance’s Subsidiary WazirX Under Probe In India
WazirX, which is one of the biggest cryptocurrency exchanges in India and a subsidiary of Binance is under investigation by the country’s financial-crimes investigative agency for allegedly violating trading rules involving transactions worth around Rs. дальше »
2021-6-11 19:12 | |
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Ban cryptocurrencies as soon as possible – a Dutch official proposes
Pieter Hasekamp, Dutch Bureau for Economic Analysis, has stated that the government has to ban cryptocurrencies in the country. According to him, crypto assets are extremely volatile and a crash of the market is unavoidable. дальше »
2021-6-12 17:57 | |
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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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Iran Introduces Legal Framework for Crypto Despite Ongoing Mining Ban
This week the Iranian government released a statement regarding the need for a legal framework for crypto activities within the country. The post Iran Introduces Legal Framework for Crypto Despite Ongoing Mining Ban appeared first on BeInCrypto. дальше »
2021-6-12 15:13 | |
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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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Dutch economic advisor calls for a Bitcoin ban even as Central America is adopting the asset
An official of the Central Planning Bureau (CPB), an independent, publicly financed policy arm that advises the government of the Netherlands, said today that Bitcoin and other cryptocurrencies should be banned in the country. дальше »
2021-6-11 12:49 | |
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Dutch economic advisor calls for a Bitcoin ban
An official of the Central Planning Bureau (CPB), an independent, publicly financed policy arm that advises the government of the Netherlands, said today that Bitcoin and other cryptocurrencies should be banned in the country. дальше »
2021-6-11 12:49 | |
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IMF stands in the way of El Salvadorian Bitcoin (BTC) adoption
The International Monetary Fund has faulted El Salvador’s decision to accept Bitcoin (BTC/USD) as a legal tender, explaining that there could be legal implications on the country’s decision. дальше »
2021-6-11 12:27 | |
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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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Hackers Double Down On Bitcoin Demanding $11m In Latest Ransomware Attack
Reports have emerged that hackers were paid $11 million in Bitcoin following an attack on JBS USA Holdings, a meatpacking firm that supplies 1/5 of the country’s meat. Following the recent Colonial Pipeline hack debacle, which raised doubts on the story’s legitimacy, observers are watching this latest cyberattack with wariness. Hacker Group REvil Demanded Bitcoin […] дальше »
2021-6-11 03:00 | |
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Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira. дальше »
2021-6-11 01:00 | |
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India Reverses Crypto Stance, Considers Classifying Bitcoin As An Asset Class: Report
After years of India's hostile stance towards cryptocurrencies, the country is reportedly looking to classify Bitcoin as an asset class. India's Financial Regulator SEBI To Oversee Crypto Sector According to reports by The New Indian Press, the government has decided to skip its plans to ban cryptocurrencies and consider Bitcoin's classification as an asset class. дальше »
2021-6-11 20:30 | |
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