legal tender
-
“What is Trump Coin (6000 Votes for Trump)?”
\”What is Trump Coin What is Trump Coin? According to Coindesk, US presidential
-
Who recognizes Bitcoin?
Who recognizes Bitcoin? According to CCN news, who recognizes Bitcoin as legal?
-
Why do exchanges use USDT as the legal tender (Why is buying USDT cheaper than selling)?
Why do exchanges use USDT as the legal tender? Why do exchanges use USDT as the
-
BRICS Member Nations’ Digital Currency: Exploring the Future of Trade
According to reports, former Russian President Dmitry Medvedev stated that there will be no substitute for the legal tender of BRICS member countries in the future, and the countri
-
The Debate Over CBDCs in South Korea’s Virtual Asset Laws
On April 24th, it was reported that the definition of virtual assets in the virtual asset related laws currently being discussed in the South Korean parliament does not include pro
-
Bitget Launches VISA and Mastercard Encrypted Asset Service Channel: What You Need To Know
On April 21, it was reported that Bitget launched the VISA and Mastercard encrypted asset service channel to support the connection between legal tender and encrypted assets. The s
-
Cryptocurrency: Not Yet Recognized as Currency by the Singapore High Court
On April 16th, it was reported that in the case where the Algorand Foundation sought to liquidate the Singapore entity of Three Arrow Capital and claimed 53.5 million USD, the Sing
-
El Salvador Opens Second Bitcoin Embassy in Texas, USA
According to reports, El Salvador has opened its second Bitcoin embassy in Texas, USA. In addition to promoting Bitcoin to the public, the specific tasks that the embassy will acco
-
The Truth Behind Chivo Wallet’s Frozen Accounts: An Investigation
On April 8th, multiple sources stated that the Bitcoin wallet Chivo issued by the Salvadoran government has been freezing the wallet and requesting the owner to verify the source o
-
Florida Law May Accidentally Ban Bitcoin with CBDC Ban
It is reported that last week, Florida passed a legislative proposal aimed at prohibiting the use of the National Central Bank Digital Currency (CBDC) as currency in its state. How
-
Grow Bank, a financial technology company, plans to integrate encrypted transactions into its services
According to reports, Grow Bank, a new financial technology company based in Zurich, plans to integrate cryptocurrency and legal tender transactions into its services. The bank stated that its platform supports 64 legal tender currencies and 20 cryptocurrencies, allowing users to trade legal tender currencies with cryptocurrencies. Users can use Grow’s application to open personal or corporate deposit accounts, obtain debit cards, and exchange currencies in legal or cryptocurrency. It charges an annual fee of 145 euros for personal and corporate cards and a monthly fee of 12 euros for…
-
European merchants may be forced to accept digital euros
It is reported that a document shows that if the digital euro is regarded as the legal tender, the merchants in the euro area may be forced to accept the digital euro. The document is scheduled to be submitted to finance ministers later Monday. According to the document, giving the central bank digital currency (CBDC) the same status as paper money and coins will mean that its payment can legally fulfill its payment obligations and force it to accept the full face value. Interpretation of this information: The European Union…
-
European merchants may be forced to accept digital euros
It is reported that a document shows that if the digital euro is regarded as the legal tender, the merchants in the euro area may be forced to accept the digital euro. The document is scheduled to be submitted to finance ministers later Monday. According to the document, giving the central bank digital currency (CBDC) the same status as paper money and coins will mean that its payment can legally fulfill its payment obligations and force it to accept the full face value. Interpretation of this information: A recent document…
-
International Monetary Fund: Do not grant cryptocurrency the status of official currency or legal tender
It is reported that the International Monetary Fund does not grant cryptocurrency the status of official currency or legal tender. Interpretation of this information: The International Monetary Fund (IMF) has announced that it does not recognize cryptocurrency as an official currency or legal tender. This statement comes as a big blow to cryptocurrency enthusiasts and investors who were hoping that cryptocurrency would become a viable alternative to traditional currency. While there are many advantages to using cryptocurrency, such as enhanced security and lower transaction fees, the IMF has decided that…
-
IMF: Cryptocurrency should not be granted legal tender status and requires a joint regulatory framework
It is reported that the International Monetary Fund has proposed that crypto assets should not be granted the status of official currency or legal tender in order to maintain currency sovereignty and stability. On February 23 local time, the official website of the International Monetary Fund (IMF) released a press release saying that the Executive Board of the International Monetary Fund (IMF) evaluated a document entitled “Effective Policy Elements of Cryptographic Assets” and agreed on the proposed policy framework and elements in the document. Interpretation of this information: The International…
-
CZ: There is no battle between cryptocurrency and legal currency
According to reports, Carstens, the head of the Bank for International Settlements, said that the French currency had won the battle with cryptocurrency. Mike Novogratz, the chief executive of Galaxy, said that it was too opinionated. In the past decade, the tons of French currency had depreciated by more than 50%, while BTC and ETH had appreciated a lot. CZ, CEO of Coin Security, believes that there is no battle between cryptocurrency and legal currency, and technology does not fight anyone. Use it if you like it, don’t use it…