legal tender

IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

by

According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use…

Arizona Senator Launches Bill to Make Bitcoin Legal Tender

by

A senator in the U.S. state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker said….

Recent Poll Shows Citizens of El Salvador Still Not Sold on Bitcoin

by

A recent poll completed by the Public Opinion University Institute, part of the Simeon Canas Centroamerican University, has found that El Salvador is still not attracted by the idea of bitcoin as legal tender. The poll results indicate that almost two-thirds…

Report: Macau Discusses Bill That Proposes to Make Digital Currencies Legal Tender

by

Macau, one of China’s special administrative regions, recently concluded discussing a bill that seeks to make digital currencies legal tender, a report has said. The report also suggested that individuals who reject or refuse to accept legal tender will be fined…

Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico

by

Indira Kempis, senator of the Mexican Congress, has proposed a bill that would make bitcoin legal tender in the country. The bill bases its action on the hardships that Mexican citizens are facing went trying to access financial products and education….

Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex

by

The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing…

Central Bank of Honduras Discredits Bitcoin Legal Tender Speculation

by

On March 23, Honduras’ central bank issued a clarification on crypto assets such as bitcoin, and noted that digital currencies are not legal tender or regulated in the country. The announcement, posted via Honduras’ central bank official Twitter account, comes after…

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

by

The 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…

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

by

The 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…

Moscow Not Planning to Ban Russians From Buying Crypto Abroad

by

Russia 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…