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Economists Want El Salvador Bitcoin Law Repealed, but President Wins Key Ally


El Salvador is edging ever closer to fulfilling its President Nayib Bukele’s Bitcoin (BTC) dreams – with external help on its way, although voices of disdain continue to warn of impending financial peril if Bukele gets his way. Per Reuters and AFP (via El Economista), the head of the Central...

Russian Court Bans Websites Explaining How to Trade Bitcoin


A court in Russia’s Perm region has decided to block a number of websites describing how to exchange cryptocurrency for fiat cash. Local prosecutors claim the dissemination of this type of information is against the law in Russia as it may facilitate the laundering of illicit funds. Kungur...

Iran Seizes 3,000 Crypto Mining Devices in a Week


Authorities in Iran have confiscated 3,000 units of mining hardware in just one week as part of a push to curb illegal crypto mining amid power shortages and blackouts. In a single year, Iranian law enforcement has shut down over 180 crypto farms in Tehran Province alone. Over 500 Crypto Mining...

Denmark to Revise Tax Law to Target Cryptocurrencies


The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax...

Investors Still Think Activision CEO Bobby Kotick Makes Too Much Money


Grass is green, the sky is blue, and Bobby Kotick is still rich. Earlier this year, Activision halved the CEO’s pay and annual bonus target after he spent years pulling in tens of millions of dollars (even after laying off employees), resulting in sustained pressure from investors. A group...

El Salvador Bitcoin Law Making BTC Legal Tender Passes With Supermajority


The bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private...

El Salvador Passes The Bitcoin Law


The Legislative Assembly of El Salvador just passed the Bitcoin law today. The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.— Nayib Bukele ???????? (@nayibbukele) At 06:08 UTC, BTC trades at USD 33,570 and is up by 0.6% in the past hour and almost 2% in...

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