Tag: legal tender

Sep 07 2022

What El Salvador’s Bitcoin Law Has Brought To The Country

The adoption of bitcoin as legal tender has introduced some controversy — but also undeniable benefits to the country.This is an opinion editorial by Gaby Vivas, an entrepreneur in Latin America providing outsourcing services worldwide and a long-term investor in bitcoin.El Salvador made history by becoming the first state to use bitcoin as legal tender when it was...

One Year Later: The Success Of Making Bitcoin Legal Tender In El Salvador

One year since adopting bitcoin as legal tender, El Salvador’s grand experiment is having a wide range of success.This is an opinion editorial by Jaime García, a Salvadoran-Canadian Bitcoin and co-host of Global Bitcoin Fest. Today marks El Salvador’s first anniversary since it...

Jul 19 2022

The Free City Of Próspera: Can This Island City’s Bitcoin Standard Pave The Way?

Próspera is a charter city within Honduras that has detailed a framework for making bitcoin legal tender, but what is it really trying to achieve?When Samson Mow, architect of the “Bitcoin Bond,” announced that the charter city had adopted a...

Bitcoin in El Salvador: Why Would Cypherpunks Support Government-Mandated Bitcoin Adoption? – Ep. 375

Nelson Rauda, Salvadoran journalist for El Faro, comes to talk about the impact of Bitcoin in El Salvador, the needs of Salvadoran people, Bitcoin City and the Bitcoin Bond, and much more. Show highlights: Nelson’s story and how he began covering BTC what kind of politician and president Nayib Bukele was before BTC what the financial reality was for Salvadoran people before the...

Jun 22 2022

Making Bitcoin Legal Tender In Africa: How CAR Can Find Financial Freedom

Bitcoin advocates have visited the Central African Republic and offered advice on how the country can best adopt BTC as legal tender.The Central African Republic (CAR) shocked the world when its president announced that the country had adopted bitcoin as legal currency.While some assumed that...

Jun 19 2022

The Central African Republic Bets Big On Bitcoin

A group of Bitcoiners traveled to the Central African Republic to meet with the country’s president and discuss pathways for bitcoin adoption.The people of the Central African Republic (CAR) are on a mission to be the first country in Africa to enable widespread bitcoin adoption. They are the second country in the world (after El Salvador) to officially adopt bitcoin as legal...

Jun 15 2022

The Anniversary Of El Salvador’s Bitcoin Legal Tender Announcement

A slew of guests discuss the historic one-year anniversary of President Nayib Bukele announcing El Salvador’s plan to adopt bitcoin as legal tender.This is a recording of a recent Twitter Spaces conversation about the anniversary of the president of El Salvador announcing the country’s intention to make bitcoin legal tender.Listen To This Twitter Spaces:...

Jun 08 2022

365 Days Of Financial Freedom: The Stories Of Bitcoin Adoption In El Salvador

A year after the introduction of bitcoin as legal tender in El Salvador, we can reflect on the stories of those who’ve experienced the adoption firsthand.This is an opinion editorial by Renata Rodrigues, global community and education lead at Paxful.On June 8, 2021, when El Salvador announced that Bitcoin was to become legal tender in El...

May 24 2022

Central African Republic To Launch Bitcoin, Crypto Hub

After adopting bitcoin as legal tender, the Central African Republic now wants to create a cryptocurrency economic zone – Sango.The Central African Republic (CAR), the second country in the world to adopt bitcoin as a legal currency after El Salvador, plans to develop a hub to attract cryptocurrency businesses and enthusiasts to the nation.The initiative, coined Sango, was started by the...

May 05 2022

Discussing The Central African Republic Making Bitcoin Legal Tender

Alex Gladstein and Fodé Diop join a Bitcoin Magazine Twitter Spaces to share updates about the Central African Republic’s plan for Bitcoin adoption.Listen To This Recording:Apple...

Apr 27 2022

The Central African Republic Adopts Bitcoin As Legal Tender

The African country has become the second nation in the world to adopt bitcoin as legal currency.The Central African Republic (CAR) has adopted bitcoin as legal tender, the president’s office said on Wednesday.The move makes the African country the second nation in the world to officially adopt BTC as a lawful currency, enabling its citizens to use it in regular commerce...

Apr 26 2022

Bitcoin Still Struggling To Take Off In El Salvador

El Salvador has become a hotbed for bitcoin adoption in recent months. As a result, it may come as a surprise that Bitcoin has failed to gain traction in the country, according to a recent survey. Despite this, several businesses are optimistic that BTC will gain traction in the long run. El Salvador became the first country in the world to allow people...

Apr 25 2022

Central African Republic adopts Bitcoin as legal tender

The Central African Republic has officially become the second country to adopt Bitcoin (BTC) as legal tender. According to reports from...

Apr 19 2022

Russian Finance Ministry Clarifies Rumors Of Crypto Legalization

Russian Ministry of Finance now “advises” using cryptocurrencies as legal tender? That sounds like an old story. Crypto journalists have reported that the Russian Ministry of Finance pushes for tokens to be treated as legal tender. However, there's no evidence whatsoever to back up these claims. Related Readings |...

Apr 13 2022

Pro-Bitcoin Mexican Senator Proposes CBDC Legislation

Senator Kempis’ draft bill calls for a central bank digital currency to be legal tender in Mexico and claims state intervention is native to human rights.Mexican Senator Indira Kempis recently introduced draft legislation amending the country’s Monetary Law to include currencies issued by the central bank. Kempis outlines in repetition that intervention from the Mexican state is necessary to...

Apr 08 2022

Honduras Economic Zone Accepts Bitcoin As Legal Tender – What Now, Central Bank?

A special economic zone on a tourist-oriented island off the coast of Honduras has recognized bitcoin and other cryptocurrencies as legal tender, zone officials announced Friday. While the country's central bank recently denied reports that it was considering making bitcoin its de facto currency, a scenic jurisdiction called Próspera on the island of Roatán stated that it now recognizes cryptocurrencies as a legal...

Mar 24 2022

Mar 21 2022

Malaysia Discusses Legalizing Bitcoin, Regulatory Obstacles

The Ministry of Communications and Multimedia of Malaysia calls on the federal parliament to legalize transfer of bitcoin and other cryptocurrencies.The Malaysian legislature is reportedly called on to legalize transfer on bitcoin and other cryptocurrencies. “We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them,” its deputy minister...

Government of Malaysia proposes Bitcoin, crypto as legal tender

Mar 21 2022 Published at CryptoSlate under tags  adoption bitcoin btc el salvador legal

The Communications and Multimedia Ministry of Malaysia proposed today that digital currencies such as bitcoin (BTC) should be adopted as legal tender to help the younger generation who are active users of the currency, especially on non-fungible token (NFT) trading platforms, says Datuk Zahidi Zainul Abidin, deputy minister of the Communication Ministry of Malaysia,...

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