Legal Tender News
Latest Legal Tender News
Tron co-founder wants TRX adopted as legal tender in at least five countries within a year
Justin Sun, a Grenada diplomat, wants TRX, the native of Tron, a smart contracting platform he co-founded, adopted as legal tender in at least five countries within a year.
Macau Discusses Proposed Legislation to Accept Digital Currencies as Legal Tender
Macau, one of China's special administrative regions with a robust casino industry, is pursuing legal tender status for digital currencies.
Why Are Governments Against Cryptocurrency?
A cryptocurrency is a form of virtual money or digital asset made with the help of encryption algorithms that can be moved from one account to another without the need for a middleman. That means a user can send or…
Bitcoin (BTC) Now Legal Tender in The Central African Republic
Authorities in the Central African Republic have unanimously passed a bill aimed at legalizing bitcoin (BTC) and other cryptocurrencies, making it the first African nation to officially give bitcoin a legal tender status. The authorities say the move is part…
Malaysia’s Communication Ministry Makes Case for Crypto Legalization and Adoption
Malaysia’s Communications and Multimedia Ministry has urged the government to legalize non-fungible tokens (NFTs) and adopt bitcoin (BTC) and other cryptocurrencies as legal tender, to make life easier for the country’s youths, according to reports on March 21, 2022. Malaysia’s…
California Lawmaker Proposes New Bill to Adopt BTC as Legal Tender
On Feb 19, 2022, Political advisor Ian C.Calderon tweeted that he and BTC expert Dennis Porter were working on a Bipartisan legislature. He said he introduced a bill that seeks to make BTC a legal tender in California.
US Senators Propose New Legislation to Mitigate Potential Risks of El Salvador’s Bitcoin (BTC) Adoption
The Senate Foreign Relations Committee ranking member Jim Risch, Chairman Bob Menendez, and Bill Cassidy want the US to monitor El Salvador. They have introduced the ACES Act to help mitigate the potential side effects of Salvador’s crypto adoption to the US. President Bukele has reiterated that they should stay away from his government.
Fitch Lowers El Salvador’s Ratings Citing Bitcoin (BTC) Risks
ednesday, Fitch Ratings further lowered El Salvador’s credit ratings, citing its BTC legal tender status. The Rating organization noted that BTC has its risks, and it's not favoring El Salvador. It also explained that El Salvador is losing its credit ratings due to its tendency to over-rely on frequent short-term debts.
East Africa: Malawi Doesn’t Consider Cryptos a Legal Tender
“Not a legal tender” is a phrase that we have come across more often in the past 12 months than we ever did in the past. A report published on a local news agency Nyasa Times on May 27, 2019,…