Could Curacao Adopt Bitcoin as Legal Tender?
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El Salvador just became the first country to adopt bitcoin as legal tender. Lawmakers in the country voted by a supermajority in favor of the Bitcoin Law, which allows bitcoin to be used to show prices and pay tax contributions. The country's president Nayib Bukele said he's partnering with digital wallet company Strike to help build out the country's modern financial infrastructure. For access to live and exclusive video from CNBC subscribe to CNBC P
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CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De explains the significance and potential ripple effect of El Salvador officially adopting bitcoin as legal tender. Plus, a look at the U.S. Senate approving a $250 billion bipartisan technology and manufacturing bill to counter China on technological advancement.
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Bitcoin is now officially a currency in El Salvador. "The Hash" team discusses what the move means for the crypto community and the world. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/3104779/admin Instagram: https://www.instagram.com/
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Michael Peterson, the director of Salvadorian bitcoin initiative Bitcoin Beach, on the state of digital payments in El Salvador responding to President Nayib Bukele's announcement he is submitting a bill to make bitcoin a legal tender.
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A spokesperson for the International Monetary Fund (IMF) said El Salvador's plans to adopt bitcoin as legal tender raises "macroeconomic, financial, and legal issues." The team for "The Hash" considers the potential impact of IMF's signals of resistance and the influence IMF holds over developing countries.
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MIAMI -- El Salvador announced legislation Saturday that will make it the world's first sovereign nation to adopt bitcoin as legal tender, alongside the U. S. dollar. In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest bitcoin event in history, President Nayib Bukele announced El Salvador's partnership with digital wallet company, Strike, to build the country's modern financial infrastructure using bitcoin
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The International Monetary Fund (IMF) stated bitcoin should not be used as legal tender in El Salvador, saying its plans to acquire more BTC will require a “very careful analysis” of implications for its financial stability. It also questioned President Nayib Bukele's announcement of a $1 billion bitcoin-backed bond. "The Hash" panel discusses the IMF's latest warning against a nation exploring with crypto and its possible impact on El Salvador's bitc
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Avik Roy, the president of Foundation for Research on Equal Opportunity and Forbes Policy Editor, joins "All About Bitcoin" to explain why he thinks the U.S. cannot deny bitcoin as a currency once El Salvador establishes it as legal tender.
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Bitcoin is now officially a legal tender in El Salvador. The cryptocurrency is declining after testing resistance near $52,000 on Monday, with initial support seen at the $50,000 breakout level. Steven McClurg, CIO and co-founder of asset management firm Valkyrie, discusses his crypto markets analysis and outlook. Plus, his take on altcoins and bitcoin ETFs.
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