Tag: bitcoin legal tender

Jul 31 2021

Jul 30 2021

Aljazeera Vs. El Salvador’s Bitcoin Law: The Good, The Bad, And The Ugly

It’s time to turn our heads to the Arabic world. How does the Qatar-based international news station Aljazeera sees El Salvador’s Bitcoin Law? Are they as lost as western media or can they handle themselves in the cryptocurrency space? Well, their journalistic report is balanced and complete. Aljazeera gives you the good and the bad. They’re still confused about a few concepts, but...

Jul 24 2021

Did El Salvador Just Represent Bitcoin (BTC) at Tokyo Olympics?

Tokyo Olympics 2020 officially started on 23rd July amid Covid restrictions and after year-long delays. The key event began with a dazzling opening ceremony with 206 participating nations joining the celebrations with a parade of athletes. A South Korean broadcaster used an image to represent each country and for El Salvador, they used Bitcoin's image. The post Did El Salvador Just Represent Bitcoin...

Jul 15 2021

Paraguay ’s Bill To Regulate “Crypto Assets” Misses The Point Entirely

Member of Paraguay 's parliament Carlos Rejala fooled the world with his laser eyes. His supposed “Bitcoin Law” proposal doesn’t even mention Bitcoin. Rejala heard about El Salvador’s news and attached himself to it trying to steal its thunder. He then deployed a Twitter marketing campaign with big promises and ended up disappointing the whole world. Related...

Jul 10 2021

UN’s ECLAC not in favor of El Salvador’s Bitcoin (BTC) Legal Tender

UN’s regional commission, the Economic Commission for Latin America and the Caribbean (ECLAC) has shown apprehension on El Salvador’s Bitcoin incorporation as a Legal Tender. With this ECLAC has joined the long line of organizations that have shown discomfort with making the use of decentralized currency legal in daily routine by El Salvador. Alicia Bárcena The post UN’s ECLAC not in favor of...

Jul 09 2021

Crypto Entrepreneurs From Paraguay Chip In: Is A Bitcoin Law On The Cards?

When El Salvador announced that Bitcoin would be legal tender in their country, the clock started ticking. What country, if any, would follow in their footsteps? Paraguay was one of the most likely candidates, and member of parliament Carlos Rejala’s...

Jul 03 2021

News From El Salvador, Early July: Bukele, El Zonte, And The ATM Factory

The Bitcoin train is moving fast in El Salvador. The law that makes it legal tender goes into effect in September, but the first Bitcoin company is already up and running. Also, a member of the US government and Reuters have President Bukele in their minds. Plus, concrete improvements in El Zonte, the land of Bitcoin and the Lightning Network. Related Reading |...

Jun 24 2021

President Nayib Bukele Explains El Salvador’s Bitcoin Law

We at Bitcoinist already analyzed the controversial Article 7 from El Salvador’s Bitcoin Law from every angle. But, did we? The President himself, Nayib Bukele, defends and explains it in a way that leaves little...

Jun 22 2021

Digital Shekel: Israel’s CBDC Project Is Well Underway

Israel is the latest country to admit it’s been working in a Central Bank Digital Currency for a few years now. While giving a conference in the Fair Value Forum, Bank of Israel Deputy Governor Andrew Abir said that the institution he represents already ran a pilot program for the digital shekel. More than that, he confirmed that the Israeli CBDC already exists....

Jun 21 2021

Article 7: Is It Obligatory For Vendors To Receive Bitcoin In El Salvador?

Every economic agent in El Salvador must find a way to accept Bitcoin and the law comes into force in less than 90 days. Yikes! The controversial Article 7 of President Bukele’s Bitcoin law sparked analysis, a few interesting conversations, and doubt. Can they even enforce it? Is it ethical? Aren’t they coercing the population? Is it necessary? Is there something everyone’s missing?...

Jun 19 2021

El Salvador And Bitcoin: Jack Mallers Reveals The Inside Scoop

It might be the biggest story of 2021. Since El Salvador made Bitcoin legal tender, all eyes are on the Central American nation. Strike’s Jack Mallers was the person that delivered this world-shattering news. The exclusive...

Jun 18 2021

Steve Hanke Calls El Salvador’s President “Stupid” For Making Bitcoin Legal Tender

Steve Hanke has condemned the legalization of Bitcoin in El Salvador. The economist believes the decision will “completely collapse" El Salvador’s economy. He called the move "stupid." His reasoning around this being that El Salvador is a dollarized nation and making Bitcoin legal tender would be detrimental to the economy. Professor Hanke was on Kitco News to talk about monetary policies around the...

Why Is Brock Pierce Leading An “Official Delegation of Bitcoin” In El Salvador?

Something is rotten in the state of El Salvador. The first nation to declare BTC as legal tender received no other than the infamous Brock Pierce. An "Official Delegation of Bitcoin...

Jun 17 2021

World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation

After the IMF raised concerns about El Salvador adopting Bitcoin...

Jun 11 2021

JP Morgan Compares El Salvador’s Bitcoin Adoption to Dollarization in Early 2000

JP Morgan, the American multinational investment bank reacted to the recent adoption of Bitcoin as a legal tender by...

Jun 10 2021

IMF Raises Concern Over El Salvador’s Adoption of Bitcoin as Legal Tender

International Monetary Fund (IMF) has raised concerns over El Salvador's...

Jun 09 2021

El Salvador Passes the Bitcoin Law In Congress, President Nayib Bukele to Meet the IMF Soon

Latin American country El Salvador is scripting a new history today! El Salvador President Nayib Bukele recently announced that the Bitcoin Law has been officially passed in the Salvadoran Congress with a strong...

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