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U.S. Senator Ted Cruz has introduced a bill to repeal the $1 trillion infrastructure package’s crypto provision, which he said is a “devastating attack” on the crypto industry. “I urge my colleagues in the Senate to repeal this harmful language that will create regulatory uncertainty and in turn an unnecessary
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Bitrefill, the startup that offers Bitcoin-funded prepaid cards for different services worldwide, launched a new bill-payment service that allows Salvadorans to pay for multiple basic needs using Bitcoin. The company made the announcement during the three-day conference Adopting Bitcoin carried in El Salvador, which brought together “the Bitcoin and Lightning
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Bitrefill will provide the service in El Salvador through PuntoXpress, a local platform that allows the payment of basic services and cell phone recharges. To carry out the process, users must provide an email address to receive a receipt and, if applicable, claim a voucher code, Bitrefill said. Source
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekCongress has put forward 18 bills on
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Center has announced via a blog post on August 22, 2021, that the financial instruments in its USD Coin (USDC) stablecoin reserves have been shrunk down to only the fiat dollar and United States Treasury Bills. Circle Center Shrinks Reserve Holdings Barely three months after Circle announced the expansion of its USDC
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Coinbase’s Global VP of tax, Lawrence Zlatkin, has taken aim at the rushed cryptocurrency provisions added to Congress’ bipartisan infrastructure bill “at the last minute,” slamming lawmakers for hastily inserting amendments that could impact “60 million Americans.”In an Aug. 21 blog post taking aim at an Aug. 19 editorial article
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The United States Congress appears to be pushing for greater regulatory clarity regarding crypto assets, having proposed18 bills concerning blockchain and cryptocurrency during 2021 so far.According to analysis published by former Federal Deposit Insurance Corporation regulator, Jason Brett, on August 22, the current 117th Congress has broken from its predecessor
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Juan Satori is going to introduce a draft bill that is aimed at establishing crypto supremacy in the region by encouraging businesses to accept payments in cryptocurrency.The growing enthusiasm around crypto has swept the Latin American countries and is now moving forward to South America and Spanish-speaking regions to establish
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The digital Yuan can be touted as the most advanced central bank digital currency (CBDC) yet. After developing the state-backed cryptocurrency for years, China continues to add new sectors where residents can spend their digital money, and the latest seems to be electricity bills. According to Economic Information Daily, a local
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Senator Mike Flood hopes to pass the bill in order to make Nebraska a financial technology hub and create new jobs. Source
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