Cryptocurrency Threatens EXISTENCE of Western Union and Others

As cryptocurrency is further adopted, the sun may soon set on Western Union as it and competitor MoneyGram have lost a ton of money. Mario Gomes Lozada, a former Merrill Lynch banker, estimates that the combined loss in revenue for…

Panama Looking to Legalize Cryptocurrency

Hot off the heels of El Salvador and Ukraine, Panama is going through the process of legalizing cryptocurrency. Panamanian Congressman Gabriel Silva introduced the cryptocurrency bill  titled “Crypto Law: Making Panama Compatible with the Digital Economy, Blockchain, Crypto Assets, and…

Ukraine Starts Its Journey to Utilize Crypto at Full Potential

Ukraine, in its first major milestone en route to greater crypto adoption, approved a bill to legalize all virtual financial assets- including Bitcoin and other cryptocurrencies- last Wednesday. The bill needs to be signed into law by President Volodymyr Zelensky.…

Cuba Recognizes Cryptocurrencies and Will Establish Corresponding Regulations

Per a resolution in Cuba’s Official Gazette, it’s settled. Cryptocurrency is Legalized Cryptocurrencies are legal in Cuba. Cuba’s Central Bank is charged with regulating cryptocurrencies and doling out licenses to crypto-related services “for reasons of socioeconomic interest”– explicitly excluding illegal…

Editorial: Why I Worry about El Salvador

Back in June, the country of El Salvador became the first country in the world to recognize Bitcoin as legal tender after President Nayib Bukele introduced the Bitcoin Law to the nation’s Legislative Assembly (it’s the country’s version of Congress).…

El Salvador Might Issue MONUMENTAL National Stablecoin

El Faro, a Latin American digital daily newspaper, reports that the El Salvadorean government has plans to create a local cryptocurrency that users would be able to spend for services. According to the article, the brothers of the country’s president,…

El Salvador Will Airdrop Every Citizen $30 USD in Bitcoin For Using Govt. Crypto App

Every adult citizen in El Salvador will receive $30 in bitcoin, providing they register their mobile app, known as Chivo, with the government. Bitcoin advocate and president of El Salvador, Nayib Bukele, recently unveiled proposals to make bitcoin legal money.…

The World Bank Disapproves of El Salvador Using Bitcoin as a Legal Currency

As El Salvador strives to be the first in the world to adopt bitcoin as legal currency, the World Bank has denied the country’s request for assistance. A World Bank spokesman told Reuters, “While the government did approach us for…

El Salvador Becomes the First Nation to Legally Recognize Bitcoin as Cash

El Salvador is the first nation in the world to recognize bitcoin as legal money. The Bitcoin Law was passed by a supermajority of lawmakers in the Central American country’s Congress. The Bitcoin Law was passed by a “supermajority” of…

El Salvador’s President Introduces Law to Make Bitcoin Legal Money

El Salvador is the world’s first sovereign country to embrace bitcoin as legal money. During the Miami Bitcoin 2021 conference, President Nayib Bukele announced his plans in a video that he posted on the internet. Bukele said the nation is…