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El Salvador President Nayib Bukele has announced a bitcoin giveaway to promote the cryptocurrency’s use as legal tender in the economy and to give people an incentive to use the government’s official wallet application. $30 in Free Bitcoin The president of El Salvador, Nayib Bukele, addressed many topics regarding his country’s new bitcoin law Thursday […]Powered by WPeMatico
Jaime Guevara, a Salvadoran representative, presented a lawsuit against the recently approved bitcoin tender law today. Guevara alleges the law is unconstitutional and brings a series of changes that will cause problems for Salvadorans. Some people suspect Bukele’s regime is behind the representative’s demand due to its inability to applying this novel law. Salvadoran Representative […]Powered by WPeMatico
A political party in El Salvador has filed a lawsuit alleging President Bukele’s new Bitcoin law could be unconstitutional and harmful to the country.
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A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tender. Paraguay Wants to Be Global Hub for Crypto Investors Following El Salvador passing a bill making […]Powered by WPeMatico
The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender.
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A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin. More Countries Eye Bitcoin Adoption After El Salvador passed the bill […]Powered by WPeMatico
Courts, financial regulators, legislators and governments around the world are struggling to fit bitcoin into their existing frameworks. Different legal definitions for the disruptive innovation that is cryptocurrencies can have profound ramifications for the instruments in each jurisdiction such as what agencies will regulate them, under what laws, and how users will be taxed, if […]
The post Bitcoin and Cryptocurrencies Are Commodities, Federal Court Rules appeared first on Bitcoin News.
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Cryptocurrency law can be maddeningly vague. From taxation to commodities, the US constitution is characterized by ill-defined and occasionally contradictory statutes regarding digital currencies. Law reform moves at a glacial pace, leaving the status of cryptocurrencies often unlegislated. For cryptocurrency users trying to navigate murky legal waters, this ambiguity can be frustrating. A new website […]
The post New Website Provides Guide to US Cryptocurrency Law appeared first on Bitcoin News.
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