Legal tender
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What is Avalon faction (Avalon Terminology)
What is Avalon faction? The emergence of Bitcoin has led some investors to think
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El Salvador’s Bitcoin Investment: A Risky Move or a Smart Investment?
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
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The Recent Troubles With Chivo, The Bitcoin Wallet Issued By The Salvadoran Government
On April 8th, multiple sources stated that the Bitcoin wallet Chivo issued by the Salvadoran government has been freezing the wallet and requesting the owner to verify the source o
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El Salvador to Launch Bitcoin Bonds through Bitfinex: Inside Scoop from Bitfinex CTO
According to reports, Bitfinex\’s chief technology officer said that El Salvador Bitcoin bonds would be launched between June and September.
Bitfinex CTO: El Salvador Bitcoin bonds -
Grow Bank to Integrate Cryptocurrencies and Legal Tender in 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 is a new financial technology company based in Zurich that aims to create a platform that supports 64 legal tender currencies and 20 cryptocurrencies. The…
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Merchants in the Euro Area Might Be Obligated 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:As digital currencies continue to thrive and evolve, so do the discussions around their legal status and potential impact on the economy. Recent reports suggest that a document outlining the legal implications of the digital euro will be presented to finance ministers, indicating that merchants in the Euro area may soon be obligated to accept the digital currency if it is considered legal tender….
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IMF Rejects Cryptocurrency as an Official Currency
It is reported that the International Monetary Fund does not grant cryptocurrency the status of official currency or legal tender.
International Moneta…
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IMF Rejects Crypto Assets as Official Currency for Maintaining Currency Sovereignty
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…
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New Trading Pairs at Future Exchange
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 …
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The Importance of Stable Currencies in Cryptocurrency Transactions
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…