El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC Becomes Unaffordable With Fiat Currencies, Says President Bukele

El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the [...]

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El Salvador Moves Big Chunk of Its BTC to Cold Wallet President Bukele Says Call It Our First Bitcoin Piggy Bank

El Salvador has transferred “a big chunk” of its bitcoin holdings to a cold wallet, President Nayib Bukele has announced. “You can call it our first bitcoin piggy bank,” he said. As of writing, the wallet’s balance totals approximately 5,690 bitcoins. El Salvador Establishes Its First ‘Bitcoin Piggy Bank’ El Salvador’s President Nayib Bukele announced [...]

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Russian State Duma Chairman: ‘US National Debt Is a Global Financial Pyramid’

Vyacheslav Volodin, chairman of the Russian State Duma, the lower house of the Russian Federal Assembly, has stated that U.S. debt has become a “global financial pyramid” whose objective is to “deceive other nations and people.” Volodin also explained that the ability of the U.S. government to service its debt was weakening, making the U.S.

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Tanzanian Central Bank Says Quoting Prices in Foreign Currency Against the Law

The Bank of Tanzania (BOT) has reiterated that shillings remain the East African country’s sole legal tender. The apex bank said residents quoting prices in foreign currency or those refusing payment in Tanzanian shillings are in violation of the Bank of Tanzania Act 2006. The central bank said only commercial banks and Bureaux de Change [...]

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Ron Paul Denounces US Government ‘Deceptions’ on Inflation; Mentions Federal Reserve Involvement

Ron Paul, a former congressman from Texas and former U.S. presidential candidate, has reflected on how the U.S. government is handling inflation and how it has been deceitful on the issue. Paul believes that if the U.S. government were to really point to the root of the inflation problem, it would have to refer to

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El Salvador: Bitcoin Nation or Failed Experiment?

Is Nayib Bukele's Bitcoin bet benefitting the nation?

Continue reading at DailyCoin.

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Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in Similar Legislation to Establish US Dollar Alternatives

A bill signed into law on April 11 has made gold and silver legal tender in the U.S. state of Arkansas, allowing citizens to use gold and silver coins to pay debts. The bill also clarifies that gold and silver “specie” (coins) will not be considered property for tax purposes, and transactions made with these

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Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes

According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-naira banknotes. According to the court, Nigerian residents will continue to use the demonetized banknotes until the end of the year. Court Criticizes Outgoing Nigerian President [...]

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International Monetary Fund – IMF – Rejects Crypto as Legal Tender

The International Monetary Fund (IMF) is recommending countries not grant crypto assets official currency or legal tender status.

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IMF prefers to regulate crypto than banning it outright: Report

On the sidelines of the G20 meeting in India, IMF managing director Kristalina Georgieva said the agency would prefer to regulate crypto than an outright ban.

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Arizona Senator Wendy Rogers Pushes Bill To Make Bitcoin Legal Tender

  If passed into law it will give Bitcoin the same status as the U.S. dollar in the State of Arizona What – State Senator [...]

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Arizona Senator Introduces Bill To Make Bitcoin Legal Tender In The State

A bill introduced by Sen. Wendy Rogers reflects growing interest in bitcoin from U.S. states.

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2022 Paved The Way For National Bitcoin Adoption, And 2023 Will Be Even Bigger

In 2022, nation state Bitcoin adoption accelerated, setting the stage for even more progress this year.

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Fiji’s New Pro-Bitcoin Prime Minister Ponders Legal Tender Bill: Report

Newly elected Fiji Prime Minister Sitiveni Rabuka is pro-Bitcoin and is reportedly considering pushing a bill to adopt BTC as legal tender in the country.

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South Carolina State Treasurer Travels To El Salvador To Learn About Bitcoin Adoption

Curtis Loftis and other SC officials spent five days in El Salvador experiencing first-hand the country’s Bitcoin adoption.

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El Salvador To Host Nonprofit Bitcoin Conference With Attendees From Over 30 Countries

Adopting Bitcoin will see 110 speakers from 30 countries, including Mexican Senator Indira Kempis, discussing financial inclusion and technology.

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What El Salvador’s Bitcoin Law Has Brought To The Country

The adoption of bitcoin as legal tender has introduced some controversy — but also undeniable benefits to the country.

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Central African Republic Court Denied Bitcoin Legal Tender Offer

CAR is the first nation in Africa to accept Bitcoin as legal tender. Only $1.2 million of the Sango coin

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Mexican Senator Indira Kempis Proposed Bill To Legalize Bitcoin

Over 67 million individuals in Mexico still do not have access to a bank account. Indira Kempis proposed a bill

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Making Bitcoin Legal Tender In Africa: How CAR Can Find Financial Freedom

Bitcoin advocates have visited the Central African Republic and offered advice on how the country can best adopt BTC as legal tender.

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