Policy


Markets

It's Official: El Salvador's Legislature Votes to Adopt Bitcoin as Legal Tender

A supermajority of the El Salvadoran legislature voted to adopt bitcoin as legal tender early Wednesday morning.

El Salvador President Nayib Bukele

Policy

El Salvador Legislature Indicates Favor Toward President's Bitcoin Bill

The government would also create a trust that would enable the “instantaneous convertibility of bitcoin to dollars,” the bill said.

El Salvador President Nayib Bukele with his wife, Gabriela Rodriguez.

Markets

Jackson, Tennessee, in ‘Prime Position’ to Be a Bitcoin Leader, Says Mayor

The city is exploring paying its employees in bitcoin and adding bitcoin mining to its balance sheet.

Welcome to Tennessee

Markets

Blockchain Gets First Mention in China's 5-Year Policy Plan

China’s 14th five-year plan outlines the country’s economic priorities and stressed that technology will play an increasingly important large role.

Chinese President Xi Jinping

Policy

Central Bank Digital Currencies May Drive Cash 'Shadow Economy' to Crypto: Reuters

"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.

A hand projects a scary shadow on the wall behind.

Policy

Australia's Central Bank Says Bitcoin 'Not Really Money,' No Risk to Financial Stability

The Reserve Bank's assistant governor for financial systems, Michelle Bullock, said there is "a lot of fuss over bitcoin."

Reserve Bank of Australia building

Policy

Democracy Demands a Say in the Future of Money

The U.S. Treasury’s decision to impose know-your-customer rules to private cryptocurrency wallets is flawed in more ways than one.

Young Man And Mental Health Concept

Markets

Miami Mayor 'Exploring' Ideas in Crypto Governance

Mayor Suarez is open to everything from blockchain voting to tokenization.

Miami Mayor And City Manager Hold Hurricane Season Kickoff Press Conference