Some Russian officials want to allow cryptocurrencies for payments under domestic contract law.
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Category: Payments
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Russian Lawmakers Move to Allow Crypto Payments Under Contracts
Members of the State Duma are now working on amendments that will permit the use of cryptocurrency as a contractual means of payment. Digital financial assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract. State Duma to Amend Civil Code to Legalize Contractual Crypto […]Powered by WPeMatico
Bank of Russia to Launch Digital Ruble Prototype by End of Year
The Central Bank of Russia (CBR) is preparing to release a digital prototype of the national fiat towards the end of 2021, a high-ranking official has confirmed. Transfers between private individuals will be free of charge with the digital ruble, which is going to have legal tender status on par with Russia’s traditional currency. Bank […]Powered by WPeMatico
Blockfi Messes up Promo Payments: Transfers up to 700 Bitcoin Mistakenly
Blockfi, a cryptocurrency lending platform, wrongly distributed a set of payments to a group of customers, who found deposits of up to 700 BTC in their accounts. While most weren’t able to withdraw these funds, in the confusion, other customers that applied for withdrawals are now being threatened with legal actions against them. Blockfi Messes […]Powered by WPeMatico
Elon Musk Invented Bitcoin, if You Ask Half of Australians Polled by Finder
Australians have been learning more and more about cryptocurrencies but it turns out some myths and misconceptions are still widespread among the general public Down Under. As a most stunning example, over half of the participants in a new poll by Finder believe Elon Musk invented the first crypto network, Bitcoin. Finder Tests Australians With […]Powered by WPeMatico
Luxury yacht firm accepts Bitcoin, hosts mobile and web services on blockchain
The company said it expects to see 40% growth from Bitcoin payments in the first year.
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‘Cash, candy or Bitcoin’ — paying minors in 2021
“We want our kids to be able to think independently about money,” said Eddie Yoon.
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City in North Dakota now accepts cryptocurrency for utility payments
The city of Williston of North Dakota has officially started accepting cryptocurrencies like Bitcoin for utility payments via BitPay.
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Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot
The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC.
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California Cannabis Chain People’s Remedy Starts Accepting Cryptocurrencies as Payment
People’s Remedy, a growing chain of cannabis stores, has started accepting cryptocurrencies as a payment method, allowing their customers to use them as a fast, easy way of getting their products while taking advantage of the traits cryptocurrencies bring to the table. Unlike other stores, People’s Remedy assumes this symbiotic relationship between cannabis and crypto […]Powered by WPeMatico