Tags : Legal

Bitcoin

Cuba jumps on Bitcoin (BTC) bandwagon. Considers legal recognition

Argentina president weighs Bitcoin legalization. But his government doesn’t agree In a recent interview, the President of Argentina Alberto Fernandez said he sees no reason to push against crypto, but in contrast to his openness, the head of the country’s Central Bank, Miguel Pesce, prepares for a crackdown on the industry. 2 min read → […]Read More

Bitcoin

200 Bitcoin ATMs installed in El Salvador ahead of legal

El Salvador began installing crypto ATMs as the country enters the last two weeks of preparation for the big day when Bitcoin (BTC) will claim its legal tender status. The Bitcoin Law, effectively ushered by President Nayib Bukele through parliament in June, will take effect on September 7. 200 Bitcoin ATMs and 50 financial branches […]Read More

Regulation

Uruguay senator proposes bill to classify Bitcoin and other cryptos

A senator in the Uruguayan parliament, Senator Juan Satori has joined the league of politicians supporting Bitcoin as he recently introduced a draft bill that proposes the regulation and enablement of the adoption of crypto payments by businesses. Crypto for business in Uruguay  Per Satori’s bill, “crypto assets will be recognized and accepted by the law […]Read More

Bitcoin

El Salvador to officially adopt Bitcoin as legal tender on

Payment processors that facilitate the immediate transfer of crypto into fiat currency and enable acceptance of Bitcoin (BTC) payments for e-commerce, point-of-sale, invoicing and remittance, have a finger on the pulse of the everyday economics of cryptocurrency adoption. Crypto payment gateway Triple A, summarized what El Salvador’s adoption of Bitcoin as official currency on September […]Read More

Regulation

IMF sounds ‘legal, economic’ alarms over El Salvador’s Bitcoin adoption

The International Monetary Fund (IMF), a global, intergovernmental economic and financial body, condemned El Salvador’s move to make Bitcoin an official ‘legal tender’ in the country citing economic and legal risks. “Adoption of Bitcoin as legal tender raises a number of macroeconomic, financial, and legal issues that require very careful analysis,” said Gerry Rice, an […]Read More

Regulation

Bitcoin is now ‘legal tender’ in El Salvador

A Bitcoin bill aiming to make the world’s cryptocurrency classified as ‘legal tender’ has “a 100% chance” to passed by the Congress in El Salvador, President Nayib Bukele said today. Bukele’s party has 64 out of 84 seats and is going through the bill, but Bukele says he will sign off on the law “later […]Read More

Bitcoin

Crypto community reacts to El Salvador becoming first country to

The decision was announced by the country’s President, Nayib Bukele, while speaking during a video broadcast at the Bitcoin 2021 conference held in Miami. “Next week, I will send to Congress a bill that will make Bitcoin a legal tender,” he was quoted saying. The President also revealed that the country had entered a partnership […]Read More

Regulation

U.S. courts deny SEC from viewing Ripple’s legal documents pertaining

The US Security and Exchange Commission´s (SEC) motion to access Ripple Labs´ legal communications regarding XRP‘s regulatory status was denied, a new filing shows. The appointed judge stated that the requested communications are protected by attorney-client privilege. Ripple caught a break The US SEC filed a complaint against Ripple last December, alleging that its sale […]Read More

Regulation

Ripple (XRP) likely to go public after its legal battle

The likelihood of Ripple, the company behind the XRP token and blockchain-based payments network RippleNet, to go public is “very high at some point”—but not before its legal battle with the U.S. Securities and Exchange Commission (SEC) is resolved, said the firm’s CEO Brad Garlinghouse. “The likelihood that Ripple is a public company is very […]Read More