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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
Brazil’s central bank president endorses crypto regulation
20.8.2021
Central bank head Roberto Campos Neto recognized the demand for greater crypto regulation as the country evolves in the market
Federal Reserve Bank President: Bitcoin Has No Legit Use Case — Crypto Is 95% Fraud, Hype, Noise, Confusion
19.8.2021
Minneapolis Federal Reserve President Neel Kashkari says crypto is “95% fraud, hype, noise, and confusion.” He added, “I’ve not seen any use case other than funding illicit activities like drugs and prostitution.” Federal Reserve Bank of Minneapolis’ President...
Putin Orders Russian Government to Prepare to Check Officials With Crypto Assets
18.8.2021
President Vladimir Putin has tasked several ministries and the central bank to prepare to verify information provided by government employees about their digital asset holdings. The order comes as part of a new plan to combat corruption which was recently approved by the Russian leader. Authorities...
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,...
The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World
15.8.2021
Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this point in time, the U.S. economy has never been the same as many believe Richard Nixon ushered...
Argentina’s President Calls Crypto a ‘Hard Currency’ that Can Fight Inflation
13.8.2021
Alberto Fernández. Source: A video screenshot, Youtube/Filo News
Alberto Fernández, the President of Argentina, has made some remarkably bullish comments about crypto, noting that tokens may have the power to fight inflation and operate as “hard currency, somewhat” – although he sought to temper...
President of Argentina open to Bitcoin and a CBDC but central bank says no
13.8.2021
Argentina’s president is open to the idea of central bank digital currency but the country’s central bank head has rejected the idea
Central Bank of Argentina President Hints at Possible Regulation of Bitcoin in Payment Systems
12.8.2021
Miguel Pesce, president of the Central Bank of Argentina, hinted at some kind of regulation coming for bitcoin transactions soon. Yesterday, In a digital financial conference, Pesce also stressed that the bank was working to find effective ways of warning novice investors about the dangers...
Fidelity Investments Engages With Regulators to Bring Crypto Assets Mainstream
8.8.2021
The president of Fidelity Digital Assets, the crypto arm of Fidelity Investments, says that crypto is “its own unique asset class.” He revealed, “We and others are very engaged with regulators … to bring this asset class into the mainstream.” Fidelity Sees Long-Term...
Cryptocurrency Swap Not Banned in Iran, President’s Legal Team Says
5.8.2021
Current regulations do not prohibit the swapping of digital currencies, according to the Iranian Vice Presidency for Legal Affairs. The department has stated its position in correspondence with an ICT industry association which wanted to know what rules apply to cryptocurrency exchange, local media...
Venezuela’s Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers
4.8.2021
Nicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering...
Bitcoin and Submarine Sandwiches: Quiznos Restaurant to Pilot Payments via the Bakkt App
3.8.2021
On Tuesday, Bakkt Holdings revealed a partnership between the national quick-service restaurant (QSR) Quiznos. The company Quiznos is a brand based in Denver, Colorado, and the restaurants specialize in offering submarine sandwiches. According to the announcement, Bakkt and a Quiznos location...
Blizzard President J. Allen Brack Is 'Stepping Down'
3.8.2021
J. Allen Brack, the President of Warcraft and Overwatch studio Blizzard Entertainment, is leaving his position less than two weeks after an investigation by the California Department of Fair Employment and Housing made public explosive allegations of harassment and discrimination within...
Governments Need to Stop Dismissing Crypto as Illicit Payments and Reckless Speculation, Says El-Erian
2.8.2021
Mohamed El-Erian, an adviser to Allianz and Gramercy Funds Management, says that “The time has come for more western governments to stop dismissing the crypto revolution as some mix of illicit payments schemes and reckless financial speculation.” Western Governments Urged to Stop...
Leader of Nigerian Crypto Stakeholders’ Body Welcomes the E-Naira — Says It ‘Comes With No Magic Wand’
1.8.2021
Nigeria’s proposed digital currency, the e-naira, is likely to be a welcome boost to ongoing efforts to reduce the number of Nigerians that are financially excluded, a leader of a stakeholders’ body has said. However, according to Senator Ihenyen, the president of Stakeholders...
Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox
1.8.2021
President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers....
Biden to Step Up Crypto Tax Enforcement to Help Fund $1 Trillion US Infrastructure Plan
30.7.2021
U.S. President Joe Biden and lawmakers have agreed on the details of a roughly $1 trillion bipartisan infrastructure package with measures to step up tax enforcement around crypto assets. Taxing Crypto Transactions to Fund US Infrastructure Plan The White House announced Wednesday that President...
Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade
30.7.2021
The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly...
Ghana's vice president declares Africa should embrace digital currencies
29.7.2021
Digital currencies are primed to reinvent trade between African countries