Legal tender
-
Bitget Launches VISA and Mastercard Encrypted Asset Service Channel
On April 21, it was reported that Bitget launched the VISA and Mastercard encrypted asset service channel to support the connection between legal tender and encrypted assets. The s
-
Ethereum Domain Name Service (ENS) Partners with MoonPay for Legal Tender Purchases
On April 20th, it was announced that the Ethereum domain name service ENS has reached a partnership with the encrypted payment platform MoonPay, which will allow users to use MoonP
-
El Salvador’s Bitcoin Investment: A Wise Move or a Regrettable Risk?
According to reports, according to Bloomberg calculations, El Salvador purchased 2546 Bitcoins, with a cost base of approximately $108 million. At Tuesday\’s prices, these tokens ar
-
El Salvador’s Bitcoin Purchase: Did it Backfire?
According to reports, according to Bloomberg calculations, El Salvador purchased 2546 Bitcoins, with a cost base of approximately $108 million. At Tuesday\’s prices, these tokens ar
-
The Power of Alchemy Pay: Buying Cryptocurrency Using Legal Tender
On April 18th, it was reported that Bitget, a cryptocurrency exchange, has supported the cryptocurrency payment provider Alchemy Pay\’s deposit solution, allowing Bitget users to pu
-
The Bank of England plans to limit the use of stable currency for payments in new encryption regulations
According to reports, Bank of England Vice President Jon Chunliffe stated in his speech at the annual Innovation Finance Global Summit that the Bank of England (BoE) will consider
-
India Collects over $19.2 million in Taxes from Cryptocurrency Transactions
On March 30th, it was reported that India has received over US $19.2 million in taxes after implementing a new uniform tax rate of 30% on cryptocurrency transfer income. According
-
Grow Bank to integrate cryptocurrency and fiat transactions
According to reports, Grow Bank, a new financial technology company based in Zurich, plans to integrate cryptocurrency and legal tender transactions into its services. The bank stated that its platform supports 64 legal tender currencies and 20 cryptocurrencies, allowing users to trade legal tender currencies with cryptocurrencies. Users can use Grow’s application to open personal or corporate deposit accounts, obtain debit cards, and exchange currencies in legal or cryptocurrency. It charges an annual fee of 145 euros for personal and corporate cards and a monthly fee of 12 euros for personal and corporate accounts. Grow said he holds an electronic currency license and a traditional banking license, and “its users are protected by Swiss law.”. Grow Bank, a financial technology company, plans to integrate encrypted transactions into its services Analysis based on this information:Grow Bank, a new financial technology company based in Zurich, announced it plans to integrate cryptocurrency and legal tender transactions into its services. Its platform offers support…
-
Merchants in the Euro Area May be Required to Accept Digital Euro
It is reported that a document shows that if the digital euro is regarded as the legal tender, the merchants in the euro area may be forced to accept the digital euro. The document is scheduled to be submitted to finance ministers later Monday. According to the document, giving the central bank digital currency (CBDC) the same status as paper money and coins will mean that its payment can legally fulfill its payment obligations and force it to accept the full face value. European merchants may be forced to accept digital euros Analysis based on this information:A document reveals that the digital euro may become the legal tender in the euro area, leading to the possibility of merchants being obliged to accept it. The central bank digital currency (CBDC) could be granted the same status as physical money, such as paper notes and coins. This means that the value of the digital euro would be equated with physical currency and…
-
Mixed signals from the cryptosphere as ConsenSys gains momentum, while El Salvador and ShibaSwap raise concerns amidst upcoming interest rate hike
21:00-7:00 Key words: interest rate increase in March, ConsenSys, El Salvador, ShibaSwap
Overview of important developments overnight on March 6
I…
-
First Repayment for Mt. Gox Creditors Includes Cryptocurrency and Legal Tender
It is reported that according to a statement in January, with the arrival of the repayment window, the creditors of Mt. Gox may begin to see their first paymen…
-
IMF deems cryptocurrency not an official currency or legal tender
It is reported that the International Monetary Fund does not grant cryptocurrency the status of official currency or legal tender.
International Moneta…
-
IMF Recommends Against Granting Cryptocurrencies Official Status
It is reported that the International Monetary Fund has proposed that crypto assets should not be granted the status of official currency or legal tender in or…
-
Launch of New Crypto Trading Pairs
According to the official announcement, the transaction of BTC/RON, AGIX/USDT and APT/ETH pairs will be opened on February 17, 2023 at 8:00 (UTC). Please note …
-
The Significance of Stable Currencies in Crypto Markets
On February 14, CZ said in a speech on Binance\’s official Twitter Space that the stable currency is still very important at this stage, and most people still n…