Central Bank of Jordan plans to launch a CBDC
Central Bank of Jordan (CBJ) has stated that it is considering launching a digital currency that would be legal tender and linked to the Jordanian dinar. CBJ Governor Adel Al Sharkas has reportedly claimed that his institution is looking into the possibility of launching a legitimate digital currency . He also anticipated that if the […]
A New bill intends to make Bitcoin a legal tender in Arizona
State senator Wendy Rogers has introduced a new bill which suggests Bitcoin be made a legal tender in Arizona, nothwithstanding the fact that the U.S. constitution does not grant states autonomy to a legal tender. In the rare event that the legislation succeeds and the law takes effect, a measure presented in Arizona would make […]
IMF calls on El Salvador to discontinue Bitcoin’s legal tender status
The IMF executive board advised El Salvador to stop using bitcoin as legal tender owing to the financial risks and obligations caused. The proposal was made in a report released on Tuesday as a result of bilateral discussions concerning El Salvador ‘s economy. According to the study, IMF directors “emphasized that there are significant risks associated […]
Pacific island nation Tonga is on a path to making Bitcoin legal tender
According to Lord Fusitu’a, a former politician from Tonga, the Pacific island nation could be making moves to adopt Bitcoin by November, he also provided a step-by-step guide to adopting Bitcoin (BTC) as legal cash on Wednesday. Lord Fusitu’a, a former Tonga member of parliament , provided an ETA for Bitcoin becoming legal cash in […]
Myanmar’s NUG adopting USDT as its local official currency receives praises from Tether
The National Unity Government of the Republic of Myanmar (NUG), has stated that Tether’s USDT would be adopted as a legal tender for local use, Tether has commended this move stating it will help strengthen the US currency. Tether has now praised the government’s move, claiming that it demonstrates the strength of the US currenc […]