China issues a public reminder that cryptocurrencies are not legal tender
A public reminder that Bitcoin (BTC) and other virtual currencies “are not legal tender and have no actual value” has apparently been issued by China, as part of a stepped-up crackdown on cryptocurrencies. Yin Youping, deputy head of the People’s Bank of China’s (PBOC) Financial Consumer Rights Protection Bureau, stated in a local media briefing […]
Paraguay Follows El Salvador In Making Bitcoin a Legal Tender
The Paraguayan Vice President Carlitos Rejala, confirms that plans are being made to officially legalize Bitcoin in the country next month. Ever since El Salvador recognized Bitcoin as legal tender, politicians in several other Latin American countries have pointed out similar aims. The list of potentials to legalize BTC So far includes Paraguay, Panama, Brazil, […]
El Salvador’s Bitcoinisation: It is Difficult to See Any Tangible Economic Benefits Associated With Adopting Bitcoin – JP Morgan
The investment bank, JPMorgan does not seem to buy the bitcoinisation move from El Salvador and believes that it is difficult to see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender. JPMorgan pointed that the country’s move to make bitcoin a legal tender may stir up the interest […]