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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US financial agencies will meet to discuss the future impact of stablecoins

US financial agencies will meet to discuss the future impact of stablecoins

U.S. Secretary of the Treasury Janet L. Yellen announced plans to convene the President’s Working Group on Financial Markets, or PWG, as well as the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to discuss possible interagency work with regard to stablecoins. The meeting is set to take place on Monday July 19.Secretary Yellen said:“Bringing together regulators will enable us to assess the potential benefits of stablecoins while mitigating risks

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US Congressman Introduces Crypto-Currency Act of 2020

US Congressman Introduces Crypto-Currency Act of 2020

U.S. Congressman introduces Crypto-Currency Act of 2020, hoping to finally lay down the law as to which regulators handle which digital assets. A United States congressman is the latest working to clarify determine which U.S. regulator is responsible for which digital assets. On March 9, Representative Paul Gosar (R-AZ) introduced the “Crypto-Currency Act of 2020,” a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator.The proposed regulatory…

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City of Zermatt Switzerland Now Accepts Tax Payments in Bitcoin

City of Zermatt Switzerland Now Accepts Tax Payments in Bitcoin

The Swiss municipality of Zermatt has rolled out a Bitcoin tax payment option in partnership with Bitcoin Suisse. The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC).In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse.Bitcoin Suisse…

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