Tag: bitcoin regulation

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 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

News From The El Salvador Experiment, Mid July: More ATMs and CNN

This week was low on high-profile people news but high in community building and hard work. Everyone seems to be waiting to see where the chips fall before making any decisions. Except for the people of El Zonte, they can’t stop and won’t stop building. As the big September date approaches, we’ll see where everyone in the world lands in relation to the...

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 01 2021

Visit El Salvador’s Bitcoin Beach Through VICE’s Mini-Documentary

It’s all about El Zonte. A beach town that took part in an economic experiment, became Bitcoin Beach and changed its country. Also, if everything goes right, it will change the world. For the best. As Bitcoinist reported, “...

Jun 29 2021

President Bukele Clears Up Misconceptions About The Government’s Chivo Wallet

On June 24th, in a national broadcast, President Bukele cleared up misconceptions about El Salvador’s Bitcoin Law and presented the government’s wallet. That created a whole lot of new misconceptions about the app itself, the newly minted Chivo Wallet. Most of...

Jun 26 2021

Volcano Mining And President Bukele ’s Bitcoin Insights

As El Salvador prepares for the Bitcoin law to come into force, Bitcoinist keeps analyzing President Bukele ’s words. And he keeps using the right ones, “The Bitcoin system is so perfect, that I think it’s going to be the future. It’s the present, but it’s going to get bigger in the future.” That was one of the reasons that inspired...

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 21 2021

China’s Central Bank Orders Institutions To Block Crypto Transactions

The People's Bank of China (PBOC) said on Monday it has ordered banks and payment institutions to crackdown on crypto. The move comes after the nation enforced a series of mining shutdowns, the latest of which took place in Sichuan. Crackdown On Crypto According to...

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 08 2021

Breaking: Mexico’s Legislative Member Set to Propose New Crypto Regulations in Lower House

The Bitcoin 'gold rush' among nations has begun with El Salvador starting it all as the country's president announced he would be...

Jun 05 2021

Warren Davidson at Bitcoin 2021: “The Fed is Dogecoin-ing the US Dollar”

The Doge community is not going to like this. In a panel at the Miami Bitcoin conference, Representative Warren Davidson spared no bullets. He compared the US Federal Reserve’s rampant money printing of late to Dogecoin’s unlimited and ever-increasing supply. “...

Jun 01 2021

The Chinese Press Says Regulators Want To Cancel Bitcoin, But It’s Not Feasible

Award-winning journalist Colin Wu is crypto-Twitter’s bridge to the Chinese press. He extracted and translated the main points of an article from CaiXin magazine, “which...

May 25 2021

European Central Bank Publishes Risk Report on Bitcoin, Comparing the Crypto to “Tulip Mania”

Earlier last week, the European Central Bank published a new report on the financial stability of the European Union. The report, titled the Financial Stability Review (FSR), detailed potential risks of Bitcoin and other crypto- related assets....

European Central Bank Publishes Risk Report on Bitcoin, Compares the Crypto to the Tulip Mania

Earlier last week, the European Central Bank published a new report on the financial stability of the European Union. The report, titled the Financial Stability Review (FSR), detailed potential risks of Bitcoin and other crypto- related assets....

May 24 2021

Are China’s Miners Relocating To Other Countries? Are They Selling Their BTC?

Bitcoin can’t catch a break. The attack continues. In China, the miners are running for their livelihood. The country pledged carbon neutrality by 2060, and they seem to think Bitcoin mining is in its way. The risks inherent to leveraged trading are also under review. This is the first time a high-ranking member of the Chinese government expresses a determination to act....

May 13 2021

Government Adoption: Cryptos are property in Texas, Hungary to cut taxes

The ruling class is turning its eye to the cryptocurency space. Institutional adoption is one of the biggest stories of the last few months. After that, governments might follow suit. From MicroStrategy to Square, from Visa to Goldman Sachs, institutional buyers and big companies are slowly moving into the space. The money attracted them, and their presence created a feedback loop that fueled...

Apr 23 2021

Bitcoin Plummets Below $50,000, Extending Losses Following Biden’s New Tax Proposal

Bitcoin, since surging to new all-time high earlier this month, has continued to face a string of bad news. Earlier last week, Bitcoin prices tumbled due to Xianjiang crypto miners shutting down due to power outages -- causing a record $10 billion in futures liquidations. Now, fears over President Biden’s proposed capital gains tax hike and...

Apr 13 2021

Republican Kevin McCarthy Bats For Bitcoin, Calls For Better BTC Regulations to Steer Ahead of China

Kevin McCarthy, the Republican leader from California recently appeared on Squak Box to talk about various governance policies of the Biden government as well as their approach towards the highly popular...

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