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“Publication of Tether’s Reserves: On at least a quarterly basis for a period of two (2) years following the effective date of this Settlement Agreement, Tether will publish the categories of assets backing tether (e.g., cash, loans, securities, etc.), specifying the percentages of each such category, and specifying whether any
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El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.” El Salvador Says No to IMF on Bitcoin The government of El Salvador has
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This episode is sponsored by Nexo, Abra and FTX US.Download this episodeOn today’s episode, NLW looks at a proposal moving through Arizona’s state Senate to make bitcoin legal tender. He explores:The specifics of the Arizona proposalThe controversial author of the billA pro-bitcoin battle in the Texas gubernatorial raceIncreasing partisan tension
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Blockchain can’t be separated from crypto in a progressive manner because extracting blockchain from crypto diminishes the former to a glorified database, leaving all the exciting opportunities out, Turkish law expert Elçin Karatay told Cryptox.As a country that saw Bitcoin (BTC) hit an all-time high on a very different date
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The International Monetary Fund (IMF) 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 and start charging fees for services provided by the
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The bill, SB 1341, was introduced by state Sen. Wendy Rogers, a Republican. It seeks to amend the list of accepted legal tender to include bitcoin, which means the cryptocurrency would be accepted for the payment of debt, public charges, taxes and other dues. Source
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Members of the executive board at the International Monetary Fund are urging lawmakers in El Salvador to no longer recognize Bitcoin as legal tender.The IMF reported on Tuesday that though digital payments had the potential to increase financial inclusion in the Central American nation, the use of Bitcoin (BTC) as
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The executive board of the International Monetary Fund recommended that El Salvador discontinue the use of bitcoin as legal tender in in the country due to the financial risks and liabilities created.The recommendation came in a report issued on Tuesday following bilateral discussions with El Salvador about its economy.IMF directors
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Spinning up a cryptocurrency-fueled investment community in the form of a decentralized autonomous organization (DAO) should be as easy as creating a group chat.That’s according to Syndicate Protocol, a decentralized investment platform tapping into the power of social networks, which announced on Tuesday the beta launch of its first crypto-native
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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 passed by Tonga’s parliament and bitcoin could be legal
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