Tag: legal tender

Oct 18 2021

Brazil Is Not Making Bitcoin Legal Tender: A Look Inside The Bill

Oct 18 2021 Published at Bitcoin Magazine under tags  bills brazil legal tender markets

Brazil is not following El Salvador's example; here's a breakdown of the country's cryptocurrency bill.Brazil is not making bitcoin a legal tender.The Brazilian "virtual asset" bill seeks to define virtual assets and virtual asset services providers and increase investor protection by increasing regulation.The Central Bank of Brazil is more focused on developing its CBDC, the digital...

Oct 08 2021

BitMEX CEO: Five Countries Will Accept Bitcoin As Legal Tender By The End Of 2022

Remittances, inflation, and politics will prompt at least five developing countries to accept BTC as legal tender by the end of 2022, says Alexander Höptner."My prediction is that by the end of next year, we'll have at least five countries that accept Bitcoin as legal tender. All of them will be developing countries," the BitMEX CEO wrote.High inflation rates, hefty remittance...

Sep 17 2021

Paraguayan Congressman Would Make Bitcoin Legal Tender If Elected President

Carlitos Rejala, who co-authored a Bitcoin bill in July, said if he wins presidency he will turn bitcoin into an official currency in Paraguay.Yesterday, Paraguayan Congressman Carlitos Rejala shared on Twitter his plans to run for the presidency in 2023 and establish bitcoin as an official currency for his country if he wins. Rejala also co-authored a bill proposal with Senator Silva Facetti...

Sep 10 2021

Survey: 48% Of Brazilians Want To Make Bitcoin A Legal Currency

Brazilians were the biggest supporters of El Salvador's move among all countries surveyed and want to replicate that in their country.A survey performed by Sherlock Communications through the research platform, Toluna, found that 48% of Brazilians think their country should adopt bitcoin, with 31% agreeing and 17% strongly agreeing with the idea, reported local news outlet...

Poll: 27% Of Americans Approve Making Bitcoin Legal Tender In The U.S.

Young adults strongly support the idea of making bitcoin legal tender in the United States at 44%, while baby boomers think it’s a bad idea at 43%.A new poll by research and data analytics company YouGov has shed some light on the U.S. population’s approval rate for the government to recognize bitcoin as legal tender....

Was Coinbase CEO Brian Armstrong Entitled to a Meeting With the SEC?

Sep 10 2021 Published at Unchained Podcast under tags  2021 bitcoin blockchain coinbase crypto

Ephrat Livni, a DealBook business and policy reporter at the New York Times, discusses Coinbase’s fight with the SEC over its Lend product and El Salvador’s adoption of Bitcoin as legal tender. Show highlights: why Coinbase is unhappy with what it calls the SEC’s “sketchy” behavior...

Sep 08 2021

Cryptocurrencies Fall Despite Bitcoin Becoming Legal Tender in El Salvador

Cryptocurrencies seem to be in a free fall in the last 24 hours as Bitcoin (BTC) and most virtual currencies fell by more than 8%. According to CoinGecko, […]

Sep 07 2021

History Is Made: El Salvador Becomes The First Country To Adopt Bitcoin

Today, September 7, 2021, the Bitcoin law has come into effect in El Salvador, recognizing the best money humanity has ever seen as a real currency.September 7, 2021, will be forever etched in the history of Bitcoin as the day the first country adopted it as a legal currency. The magic internet money that started in a cryptography mailing list is now...

Sep 06 2021

How El Salvador Will Benefit From Adopting Bitcoin

Sep 06 2021 Published at Bitcoin Magazine under tags  adoption bitcoin btc culture el salvador

The Central American country will make bitcoin legal tender officially tomorrow.Tomorrow, history will be made as El Salvador becomes the first country in the world to adopt bitcoin as legal tender. In a move of empowerment, the small Central American government will take a leap of courage to strengthen its economy and democratize financial sovereignty to its people.Access to the traditional...

Thousands Of People Plan To Buy $30 Of Bitcoin To Celebrate El Salvador

People from all over the world are planning on buying $30 worth of bitcoin to celebrate El Salvador making it legal tender.The world is about to change forever as today is the last day on planet Earth where bitcoin won’t be legal tender somewhere. Because tomorrow, BTC officially becomes legal tender in El Salvador, marking a historic milestone in Bitcoin’s journey to...

Aug 17 2021

Why Does Bitcoin Officially Becoming Legal Tender In El Salvador Matter?

Despite a small country living on a bitcoin standard, the first step is always the hardest, and a domino effect might bring bigger players to the game.In 21 days, El Salvador will officially become the first country in the world to adopt bitcoin as legal tender. Even though it is only a tiny country with a small gross domestic product (GDP), the...

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...

Jun 09 2021

Jun 07 2021

Paraguay Hints at Making Bitcoin a Legal Tender After El Salvador

Jun 07 2021 Published at Coingape under tags  bitcoin news bitcoin price btcbrl btcbusd btcdai

Bitcoin has reached the legal tender stage where countries have started to show interest in adding BTC to their state treasury...

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