Tonga, a small Pacific island, might recognise Bitcoin as a legal means of trade by the second quarter of 2023. It may also recognise Bitcoin mining by the third quarter of 2023. Lord Fusitu’a, a former Tongan parliamentarian, has revealed a possible timeline for the country’s adoption of Bitcoin. Fusitu’a, a Tongan aristocrat, had previously […]
Indira Kempis, a senator from Mexico’s Nuevo León state, is working on a crypto law modelled after El Salvador’s Bitcoin Law. In the midst of El Salvador reporting on the good effect of the nation’s Bitcoin (BTC) adoption, a Mexican government official has once again encouraged the country to follow El Salvador’s lead on Bitcoin. […]
El Salvador’s Bitcoin adoption as legal cash in September 2021 has resulted in a significant increase not just in its GDP but also in local tourist growth. Salvadoran President Nayib Bukele previously said that El Salvador’s GDP will grow by more than 10% in 2021. According to Salvadoran Tourist Minister Morena Valdez, the tourism business […]
Moving ahead, traditional financial institutions must collaborate with cryptocurrency custodians, sub-custodians, and service providers. The digital economy is described as “the convergence of technology and finance that is increasingly characterised by digital places, experiences, and transactions,” according to Grayscale Investments’ recent study “Reimagining the Future of Finance.” With this in mind, it’s not surprising that […]
Which countries are the next hotspots for miners, and where can Ether and Bitcoin be mined effectively – and financially — in 2022? One of the major issues in the crypto world in 2021 will be China’s aggressive mining policy, which resulted in a total ban on such activity in September. While mining as a […]
The proposal seeks to classify cryptocurrency mining as a commercial activity and impose taxes on profits earned. While the Russian government works on a regulatory framework for digital assets, a federal ministry has made another proposal regarding the crypto mining industry. According to local news agency Izvestia, Russia’s Ministry of Economic Development has approved the […]
El Salvador, the first country to legalise Bitcoin (BTC), has recently announced the relaunch of its wallet app Chivo, which is expected to address the previous version’s stability and scalability issues. The update is welcome news for the Central American country’s crypto experiment, which has encountered some difficulties and harsh criticism in recent months. While […]