El Salvador, the Central American country
that emerged as the first nation to officially adopt Bitcoin as a legal
tender in September 2021 has announced plans to open a ‘Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
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Embassy’ in the United States. The country wants to open the office in Texas,
one of the United States’ most crypto-friendly states.Milena Mayorga, El Salvador’s Ambassador
to the United States, announced the development on Tuesday on Twitter, noting that the country discussed “expanding commercial and economic projects”
in its meeting with Joe Esparzam, the Assistant Secretary of the Government of
Texas.El estado de Texas, nuestro nuevo aliado. En mi encuentro con el Secretario Adjunto del Gobierno de Texas, Joe Esparza @TXsecofstate, abordamos la apertura de la segunda Embajada #Bitcoin y de ampliar los proyectos de intercambios comerciales y económicos. 🇺🇸🤝🇸🇻 pic.twitter.com/NcmOjeadl6— Milena Mayorga (@MilenaMayorga) February 14, 2023El Salvador disclosed the new plan over
three months after it signed a memorandum of understanding on economic
cooperation with Lugano, a city in Switzerland. Through the agreement, El
Salvador and Lugano are seeking to enhance their cooperation in education and
research as well as promote the adoption of Bitcoin and other digital assets. Meanwhile, Lugano in 2022 accepted Bitcoin as legal
tender in the region and encouraged local businesses
to accept crypto payments in everyday transactions.Keep Reading In May 2021, Texas passed a crypto bill that sought to establish a legal framework for Bitcoin investments in the
state. The bill was later signed into law by the State Governor Greg Abbott.Blockchain is a booming industry that Texas needs to be involved in.I just signed a law for Texas to create a master plan for expanding the blockchain industry in Texas.#Blockchain #Bitcoin#cryptocurrency pic.twitter.com/bMKXxxYooe— Greg Abbott (@GregAbbott_TX) June 5, 2021 Other crypto-friendly states in the US
include Colorado, Ohio, Wyoming and California. Some of these states have
passed one form of crypto regulation
Regulation
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Read this Term or another in the past years.El Salvador Continues with Bitcoin DreamWhile El Salvador matches on with its dream of integrating Bitcoin into its national life, not all stakeholders have embraced the path the
country is towing. In November 2021, Andrew Bailey, the Governor of the Bank of
England, expressed concerns about the country’s use of Bitcoin as legal tender, citing the volatile nature of
the digital currency. At the start of that year, the
International Monetary Fund also raised concerns about
the Central American country’s Bitcoin adoption, noting that the foremost
digital currency as legal tender poses risks.El Salvador, the Central American country
that emerged as the first nation to officially adopt Bitcoin as a legal
tender in September 2021 has announced plans to open a ‘Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term
Embassy’ in the United States. The country wants to open the office in Texas,
one of the United States’ most crypto-friendly states.Milena Mayorga, El Salvador’s Ambassador
to the United States, announced the development on Tuesday on Twitter, noting that the country discussed “expanding commercial and economic projects”
in its meeting with Joe Esparzam, the Assistant Secretary of the Government of
Texas.El estado de Texas, nuestro nuevo aliado. En mi encuentro con el Secretario Adjunto del Gobierno de Texas, Joe Esparza @TXsecofstate, abordamos la apertura de la segunda Embajada #Bitcoin y de ampliar los proyectos de intercambios comerciales y económicos. 🇺🇸🤝🇸🇻 pic.twitter.com/NcmOjeadl6— Milena Mayorga (@MilenaMayorga) February 14, 2023El Salvador disclosed the new plan over
three months after it signed a memorandum of understanding on economic
cooperation with Lugano, a city in Switzerland. Through the agreement, El
Salvador and Lugano are seeking to enhance their cooperation in education and
research as well as promote the adoption of Bitcoin and other digital assets. Meanwhile, Lugano in 2022 accepted Bitcoin as legal
tender in the region and encouraged local businesses
to accept crypto payments in everyday transactions.Keep Reading In May 2021, Texas passed a crypto bill that sought to establish a legal framework for Bitcoin investments in the
state. The bill was later signed into law by the State Governor Greg Abbott.Blockchain is a booming industry that Texas needs to be involved in.I just signed a law for Texas to create a master plan for expanding the blockchain industry in Texas.#Blockchain #Bitcoin#cryptocurrency pic.twitter.com/bMKXxxYooe— Greg Abbott (@GregAbbott_TX) June 5, 2021 Other crypto-friendly states in the US
include Colorado, Ohio, Wyoming and California. Some of these states have
passed one form of crypto regulation
Regulation
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Read this Term or another in the past years.El Salvador Continues with Bitcoin DreamWhile El Salvador matches on with its dream of integrating Bitcoin into its national life, not all stakeholders have embraced the path the
country is towing. In November 2021, Andrew Bailey, the Governor of the Bank of
England, expressed concerns about the country’s use of Bitcoin as legal tender, citing the volatile nature of
the digital currency. At the start of that year, the
International Monetary Fund also raised concerns about
the Central American country’s Bitcoin adoption, noting that the foremost
digital currency as legal tender poses risks.