Inside El Salvador’s Bitcoin experiment: Cointelegraph video report

Inside El Salvador’s Bitcoin experiment: Cointelegraph video report

Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar.The country’s new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as a currency to purchase goods and services, as well as to pay taxes and debt. El Salvador’s president, Nayib Bukele, has stated that Bitcoin adoption will hugely benefit the 70% of the local population that lacks access to banking services. He

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Former CFTC Chair Giancarlo Says Fed Should Create a Digital Dollar

Former CFTC Chair Giancarlo Says Fed Should Create a Digital Dollar

Former Chairman of CFTC says it’s time for Federal government to create digital Dollar that is equivalent to the digital gold Bitcoin. Christopher Giancarlo, the former chairman of the Commodity Futures Trading Commission (CFTC) believes it’s time for the Federal Reserve to issue a fully digital currency on Feb. 21. Giancarlo told Yahoo Finance’s On the Move program that the Federal Reserve must issue a digital currency in order to compete with China’s central bank…

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US Intelligence Community Sees Crypto As a Threat to the Greenback

US Intelligence Community Sees Crypto As a Threat to the Greenback

The U.S. Office of the Director of National Intelligence is seeking a researcher to model risk scenarios for how and why the dollar could lose its global supremacy. The United States intelligence community is seeking a researcher to model risk scenarios for how and why the dollar could lose its global supremacy, and how best to respond.The role was advertised on Feb. 14 by the Office of the Director of National Intelligence (ODNI). The successful…

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Marshall Islands Launches National Crypto With ‘Fixed Supply’

Marshall Islands Launches National Crypto With 'Fixed Supply'

The Marshall Islands has issued a national blockchain-based currency in a bid to “finally acquire monetary independence in a way that reflects Marshallese values.” The Marshall Islands has issued a national blockchain-based currency in a bid to “finally acquire monetary independence in a way that reflects Marshallese values.”The issuance of the Marshallese sovereign (SOV) was announced in an essay by The Honorable David Paul — Minister In-Assistance to the President and Environment of the…

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