Search Results for: legal status

El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender

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El Salvador has rejected the recommendation by the International Monetary Fund (FMI) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” dijo, “No international organization is going to make us do anything, anything at all.” El Salvador Says…

IMF Tells El Salvador: Los costos de hacer que la moneda de curso legal de Bitcoin supere los beneficios potenciales

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The International Monetary Fund (FMI) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund…

El gobierno ruso redacta una hoja de ruta para regular, No prohibir las criptomonedas, Informe revela

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A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. El documento, which aims to regulate Russia’s crypto market by the end of this year, comes amid disagreements between the…

Bank of Russia Rejects Provision of Crypto-Related Financial Services

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Rusia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow…

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

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Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian…

El Comité de Transformación Digital recomienda la adopción de la criptoley ucraniana enmendada

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The law “On Virtual Assets,” Ucrania’s attempt to regulate its growing crypto space, has been revised again and recommended for final adoption. A key parliamentary committee has given its support for the bill which was vetoed by the Ukrainian president this…

Bitwage Raises $1.5 millones en la última ronda de financiación

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Bitwage, the pioneer cryptocurrency-based payroll and invoicing company, ha incrementado $1.5 million in its latest funding round. The funding round had participation from Draper Associates and Max Keiser’s Heisenberg Capital, using Bnktothefuture, a platform designed for making online investments. Bitwage will…

Cripto represión de China: Los fundamentos aún muestran la continuación del mercado alcista, Bobby Lee dice 'No entres en pánico'

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The People’Banco de China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in…

Biggest Bank in El Salvador Now Accepts Bitcoin as Payment for Financial Products

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Bancoagricola, the biggest bank in El Salvador, is now accepting bitcoin to pay for debts originated from the use of its instruments, according to a PR statement. The institution partnered with Flexa, a payments network, to include cryptocurrency capabilities in its…