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IMF: Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable as Legal Tender
30.8.2021
The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With...
Buying Bitcoin and Ether Just Got Easier in Honduras With Cryptocurrency ATM
29.8.2021
A cryptocurrency ATM has been installed in Honduras where users can buy bitcoin and ether. According to reports, this is the first crypto ATM in the country. Honduras borders El Salvador, where bitcoin is set to become legal tender in a little over a week. Cryptocurrency ATM in Honduras...
El Salvador's Bitcoin adoption may transform remittance in Central America
25.8.2021
Reduced remittance costs could prove significant in justifying El Salvador’s adoption of Bitcoin as legal tender
El Salvador president announces infrastructure already being built ahead of country's Bitcoin adoption
23.8.2021
According to Nayib Bukele, there will be 200 ATMs and 50 branches capable of converting Bitcoin into U.S. dollars starting on Sept. 7
US May Regulate DeFi, El Salvador's Bitcoin Draft Regulations + More News
19.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Decentralized finance (DeFi) projects may still fall under the jurisdiction of the US Securities and Exchange Commission (SEC),...
Draft El Salvador Bitcoin banking regulations released
19.8.2021
El Salvador’s Banco Central de Reserva has released two documents detailing how banks should deal with Bitcoin
Fitch's Warning for El Salvador, 'Concerning Regulatory Roadmap' + More News
17.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Ratings agency Fitch Ratings warned against the potential negative consequences of El Salvador adopting bitcoin (BTC) to...
Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers
17.8.2021
Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal tender in the country. Fitch believes that after the country enforces the new tender law it will...
Fitch Ratings warns El Salvador's 'Bitcoin Law' will pose risk to local insurers
17.8.2021
Fitch warned that mainstreaming Bitcoin without clarity can introduce volatility and operational risks for Salvadorans
President of Argentina Open to Adopting Cryptocurrencies as Legal Tender
16.8.2021
Alberto Fernandez, the president of Argentina, stated he is open to the adoption of cryptocurrencies as legal tender in an interview this week. Fernandez said there is a big discussion around the value and use of cryptocurrencies not only in Argentina but also all over the world. However,...
Bank of America Sees Benefits in Adopting Bitcoin as Legal Tender in El Salvador
3.8.2021
Bank of America has outlined some benefits to be had from adopting bitcoin as legal tender in El Salvador. The opportunities include low-cost remittances, financial digitization, more choices, and greater investments from foreign companies. Bank of America Highlights Opportunities Bitcoin Brings...
Moody's Warns El Salvador, PayPal in Ireland, Crypto Investment Flows + More News
2.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Adoption news
Proclaiming bitcoin (BTC) legal tender reflects El Salvador’s weakened governance and has raised tensions with international...
Bank of America outlines 4 potential benefits of El Salvador’s Bitcoin strategy
1.8.2021
“More than 70% of the adult population of El Salvador does not have a bank account,” reads the latest Global Research report from Bank of America. “For that reason, democratizing access to electronic payments, through Bitcoin, has a progressive touch.”
Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report
31.7.2021
A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla...
US Senator Lummis: Big Government Spenders Are Accelerating Adoption of Crypto Assets Like Bitcoin
30.7.2021
U.S. Senator Cynthia Lummis is pushing for regulation that would ensure bitcoin remains a good store of value. If the cryptocurrency “is to become what El Salvador has done, legal tender, then we need to make sure that we are using it in ways that comply with the Bank Secrecy Act...
PS2 Game Boxes Almost Looked A Lot Cooler
30.7.2021
PS2 game boxes were entirely unremarkable, because they looked like every other plastic case available at the time, from Xbox games to DVDs. But an earlier design for them that Sony ended up ditching was a lot more interesting.Read more
IMF intends to 'ramp up' digital currency monitoring
29.7.2021
The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions
Inside El Salvador’s Bitcoin experiment: Cointelegraph video report
27.7.2021
Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation's economy
IMF issues veiled warning against El Salvador’s Bitcoin law
26.7.2021
Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials
Bringing the crypto payments ecosystem around the world: Ray Youssef
25.7.2021
“I was nearly killed by the police, who saw me wandering through the city thinking I’m a looter.” Ray Youssef discusses his close calls and crypto adoption