Senate approves ‘Bitcoin law’ in Brazil
In a plenary session, Brazil’s Senate has approved the Bitcoin law which is the country’s first measure toward controlling cryptocurrencies and also providing a regulatory framework crypto business. To become law in Brazil, the bill must be approved by the Chamber of Deputies and then signed by President Jair Bolsonaro. According to specialists who spoke […]
Brazil announces incoming approval of ‘Bitcoin law’
The Bitcoin law which will regulate the cryptocurrency market in Brazil is expected to be adopted by the National Congress in the first half of this year. In the first round of consideration, the legislation, which has been debated in the Chamber of Deputies since 2015, was adopted. It has been linked to another crypto-related […]
Bond investors in El Salvador suffer as Bitcoin Law takes effect
El Salvador’s decision to embrace Bitcoin has ruffled bond investors’ feathers. Although, the Bitcoin law seems to be the main reason, other factors need to be taken into account. According to a Bloomberg story published on Sept. 8, the yield curve on El Salvador’s bonds has just inverted, indicating short-term bonds are now yielding more […]
El Salvador’s President snaps back at Economist’s comments on Bitcoin law
El Salvador, a small Central American country, is poised to enact Bitcoin legislation on September 7. Although there have been warnings to the country about the decision by several agencies, the decision still remains solid. The IMF, World Bank, and a number of other rating organizations slammed the brave move. Steve Hanke, an economist at […]
El Salvadorians protest against Bitcoin law
Salvadorians have taken to protest against the Bitcoin law. They claimed the cryptocurrency was too volatile and even compared it to a lottery. Protesters known as the Popular Resistance and Rebellion Block have spoken out against the government of El Salvador enacting a bill making Bitcoin legal tender. El Salvadorian’s wave posters declaring “no to […]