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Category: legal tender
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Bitcoin price targets $35K bounce level on El Salvador legal tender milestone
Bitcoin is now officially legal tender in a sovereign state for the first time, but can it exit its bearish price phase?
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El Salvador’s President Nayib Bukele Plans to Declare Bitcoin Legal Tender Next Week
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Russian Lawmakers Move to Allow Crypto Payments Under Contracts
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Ghana Regulator Labels Crypto Transactions Illegal— Urges People to ‘Stay Away From Them’
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Is Digital Currency Money? — IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies
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US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold for international transactions to be set at $250 down […]
The post US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies appeared first on Bitcoin News.
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Christophe Cieters: Monopoly Money
As money developed and people opted to place it in secured storage, banks started issuing banknotes which represented a client’s deposit at the bank and the promise to redeem each note for the amount of gold it represented at a 100% reserve rate. Market exchange rates of the coins were defined by their metal content. […]
The post Christophe Cieters: Monopoly Money appeared first on Bitcoin News.
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Bitcoin is now Legal Tender in France
Various countries are suddenly recognizing Bitcoin and other cryptocurrencies as legal tender. This is a development many people have been looking forward to, albeit the short-term price impact will probably be minimal. France is the latest country to throw its hat in the ring. France Seems to Welcome Bitcoin More specifically, the Commercial Court of Nanterre has decided thatBitcoin is effectively a currency. In its verdict, it was mentioned how Bitcoin is a fungible intangible asset, which provides a legal frame of reference for other cryptocurrencies as well. What makes this announcement so interesting is how no one really saw
The post Bitcoin is now Legal Tender in France appeared first on The Merkle Hash.
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Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation
Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government […]
The post Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation appeared first on Bitcoin News.
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