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El Salvador's Central Bank Publishes Draft Banking Regulations Under the Bitcoin Law
El Salvador's Central Bank Publishes Draft Banking Regulations Under the Bitcoin Law
News  -  Economy  -  Aug 19, 2021 by Thomas M

On September 7th, El Salvador's Ley Bitcoin ("Bitcoin Law") officially goes into effect, enacting the law passed in Congress on June 9th in the Central American country. Leading up to that day, the Salvadoran central bank, Banco Central de Reserva (BCR), this week published draft guidelines

Bitcoin Satellite Network Has "Massive Potential" for Tonga: Parliament Member
Bitcoin Satellite Network Has "Massive Potential" for Tonga: Parliament Member
News  -  Economy  -  Aug 01, 2021 by Joshua Chretien

A member of Tonga’s parliament has expressed interest in helping connect the tiny Polynesian nation to Blockstream’s Bitcoin satellite network.   Lord Fusitu’a Tweeted Friday that he had received a satellite kit from Blockstream CSO Samson Mow and was looking forward to setting it up, adding that it

Cuba Is Set to Recognize Bitcoin as a Payment Method
Cuba Is Set to Recognize Bitcoin as a Payment Method

Cuba is set to recognize and regulate Bitcoin and other cryptocurrencies as means of payment. This is detailed in a ministry of justice resolution published on Thursday. The resolution is signed by the central bank's minister president Marta Sabina Wilson González. The document, which was published in the

News  -  Economy  -  Aug 27, 2021
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Cuba Is Set to Recognize Bitcoin as a Payment Method
Cuba Is Set to Recognize Bitcoin as a Payment Method

Cuba is set to recognize and regulate Bitcoin and other cryptocurrencies as means of payment. This is detailed in a ministry of justice resolution published on Thursday. The resolution is signed by the central bank's minister president Marta Sabina Wilson González. The document, which was published in the

News  -  Economy  -  Aug 27, 2021
El Salvador's Central Bank Publishes Draft Banking Regulations Under the Bitcoin Law
El Salvador's Central Bank Publishes Draft Banking Regulations Under the Bitcoin Law

On September 7th, El Salvador's Ley Bitcoin ("Bitcoin Law") officially goes into effect, enacting the law passed in Congress on June 9th in the Central American country. Leading up to that day, the Salvadoran central bank, Banco Central de Reserva (BCR), this week published draft guidelines

News  -  Economy  -  Aug 19, 2021
Bitcoin Satellite Network Has "Massive Potential" for Tonga: Parliament Member
Bitcoin Satellite Network Has "Massive Potential" for Tonga: Parliament Member

A member of Tonga’s parliament has expressed interest in helping connect the tiny Polynesian nation to Blockstream’s Bitcoin satellite network.   Lord Fusitu’a Tweeted Friday that he had received a satellite kit from Blockstream CSO Samson Mow and was looking forward to setting it up, adding that it

News  -  Economy  -  Aug 01, 2021
J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?
J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?

Illiquidity could place a “significant limitation" on Bitcoin's use as a medium of exchange in El Salvador, according to analysts from J.P. Morgan. The banking behemoth's report was released last Thursday and reported on by Bloomberg on Sunday. It references El Salvador's

News  -  Bitcoin  -  Jul 15, 2021
ECB Says Digital Euro Will Be More Climate-Friendly Than Bitcoin
ECB Says Digital Euro Will Be More Climate-Friendly Than Bitcoin

Likely to nobody's surprise, the European Central Bank's (ECB) research on the concept of a central bank digital currency (CBDC) has now reached its next step: the official launch of a digital euro project. In November last year, the ECB had initially launched a public survey

News  -  Economy  -  Jul 14, 2021
Bitcoin Mining Among the World's Greenest Industries, Mining Council Reports
Bitcoin Mining Among the World's Greenest Industries, Mining Council Reports

Bitcoin mining has one of the highest sustainable energy mix of all global industries, according to the first report by the Bitcoin Mining Council.  The executive summary of the report provides a strong rebuttal to detractors of the industry, stating that “Bitcoin mining uses negligible amounts of energy, is rapidly

News  -  Bitcoin  -  Jul 02, 2021
Doubletalk of the Town
Doubletalk of the Town

Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most

Opinion  -  Economy  -  Jun 29, 2021
Mexico's Central Bank Blocks Ricardo Salinas’ Plan to Bring Bitcoin to Banco Azteca
Mexico's Central Bank Blocks Ricardo Salinas’ Plan to Bring Bitcoin to Banco Azteca

Banco de México, Mexico's central bank, was quick to shoot down plans voiced by the country's third-richest person Ricardo Salina for his bank Banco Azteca to become the first bank in Mexico to accept bitcoin. Late last week, Salinas spoke about Bitcoin as "an asset

News  -  Economy  -  Jun 29, 2021
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