Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament

Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of ParliamentThe Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to occur. Fusitu’a believes that by next fall a bill will be passed by Tonga’s parliament and bitcoin could be legal tender in the region by […]

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Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia

Working Group Meets to Prepare Regulations for Cryptocurrencies in RussiaA crypto working group has held its first meeting at Russia’s parliament. Its members have been tasked to put forward legislative proposals designed to comprehensively regulate cryptocurrencies and related matters in the Russian Federation. Working Group Gathers at State Duma to Draft Crypto Regulations Lawmakers, government officials, and experts have met at the lower house […]

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Indonesia’s Central Bank Considers Issuing Digital Currency to ‘Fight’ Crypto

Indonesia's Central Bank Wants to Issue Digital Currency to 'Fight' CryptoBank Indonesia, the country’s central bank, is reportedly considering issuing a central bank digital currency (CBDC) to fight the use of cryptocurrency. “A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto,” said an assistant governor of the central bank. Central Bank Sees […]

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Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador

Bank of England Governor Worried About Bitcoin Being Legal Tender in El SalvadorThe governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as legal tender, the governor said: “What would worry me most of all is, do the citizens of El […]

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Russian Parliament Sets Up Working Group on Cryptocurrency Regulations

Russian Parliament Sets Up Working Group on Cryptocurrency RegulationsA working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining and the introduction of taxation. Working Group […]

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Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says

Digital Ruble to Give Russians What They Need, Bank of Russia Governor SaysThe digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks for financial stability. CBR’s Nabiullina Praises Digital Ruble Concept, Rejects Cryptocurrencies The Central […]

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President of Mexico Denies Having Interest in Adopting Bitcoin as Legal Tender

mexicoThe President of Mexico, Andres Manuel Lopez Obrador, denied having any interest in adopting cryptocurrencies as legal tender in the country. The statements, offered in a press conference in the National Palace this week, also confirmed that the Mexican government will keep dealing with the financial matters of the country in a traditional and orthodox […]

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Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value

Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of ValueAccusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian leader assumed crypto could be used to store value […]

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Moscow Not Planning to Ban Russians From Buying Crypto Abroad

Moscow Not Planning to Ban Russians From Buying Crypto AbroadRussia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto wallets beyond its borders. Russians Can Purchase […]

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