Cryptocurrency Analysis and News Portal
The Honduran Special Economic Zone has adopted bitcoin and other cryptocurrencies as legal tender for the Honduras Prospera. The Honduras Prospera is an economic zone established in 2020 as a means to encourage investment. Honduras Prospera has autonomy on fiscal, budgetary, and administrative issues for the economic zones. This autonomy gives
Read More
Malaysia’s deputy finance minister has clarified that the government will not adopt cryptocurrency as legal tender. “Cryptocurrencies like bitcoin are not suitable for use as a payment instrument due to various limitations,” he said. Bitcoin Will Not Be Legal Tender in Malaysia, Says Deputy Finance Minister Following reports that a high-ranking government
Read More
The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be negative.In a Wednesday statement, Honduras' central bank said “for the time being” Bitcoin (BTC) was not regulated in the country
Read More
The BCH reiterated, though, that it continues with “the study and conceptual, technical and legal analysis” to determine the feasibility of issuing its own central bank digital currency (CBDC), which would be recognized as legal tender in the country. Original Source
Read More
The announcement was made this afternoon at Lugano's Plan B event. Original Source
Read More
Amid El Salvador reporting on cases of the positive impact of the country’s Bitcoin (BTC) adoption, a government official in Mexico has once again urged that the country should follow El Salvador’s example on Bitcoin.Indira Kempis, a senator representing Nuevo León state, is confident that Bitcoin should be legal tender
Read More
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
Read More
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
Read More
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
Read More
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
Read More