THE GUARDIAN: European regulator want banks to hold personal details of cryptocurrency clients, while US wants swift work to establish less volatile ‘stablecoins’
Bitcoin has slipped below $30,000 as calls grew among regulators in the US, Europe and Asia for tighter checks on cryptocurrencies, and the less volatile digi-currency known as “stablecoins”.
Bitcoin, the world’s largest cryptocurrency fell as much as 5% to $29,300, its lowest since 22 June, and investors said it was likely to test the $28,600 level touched last month, its lowest since early January, as it faced a variety of regulatory headwinds. Smaller cryptocurrencies such as ether and XRP also lost around 5%.
On Tuesday, European regulators outlined plans to make cryptocurrencies more traceable as part of a wider crackdown on money-laundering in the bloc.
The European Commission said companies handling virtual assets, such as bitcoin, should become subject to anti-money laundering rules, along with transparency requirements for transfers of crypto assets. » | Martin Farrer | Wednesday, July 21, 2021
Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts
Wednesday, July 21, 2021
Friday, July 09, 2021
Adoption of Bitcoin as Legal Tender in El Salvador Is Seen as Unwise by 77% of Residents
THE RIO TIMES: Last June 9, the Legislative Assembly approved the Bitcoin Law, which gives legal tender to this crypto-asset together with the US dollar.
RIO DE JANEIRO, BRAZIL – The adoption of bitcoin as a legal tender in El Salvador is seen as a poor or unwise decision by 77.5% of the population, according to a university survey released this Thursday.
The Centro de Estudios Ciudadanos (CEC) survey of the Universidad Francisco Gavidia (UFG) shows that 24 % consider the decision as not correct and 53.5 % as not correct at all. In comparison, 12.9 % say it is correct and 6.5 % very correct.
Last June 9, the Legislative Assembly approved the Bitcoin Law, which gives legal tender to this crypto-asset together with the US dollar.
The initiative, which does not include other cryptocurrencies or the underlying projects, was approved with the votes of 62 of the 84 deputies in the Parliament, with a large majority of the ruling party, without further debate or parliamentary discussion.
The measure, which generated doubts among local banks and the population due to the limited information disclosed by the Government, will come into force next September 9. » | Latin America News | Friday, July 9, 2021
More El Salvador news here »
RIO DE JANEIRO, BRAZIL – The adoption of bitcoin as a legal tender in El Salvador is seen as a poor or unwise decision by 77.5% of the population, according to a university survey released this Thursday.
The Centro de Estudios Ciudadanos (CEC) survey of the Universidad Francisco Gavidia (UFG) shows that 24 % consider the decision as not correct and 53.5 % as not correct at all. In comparison, 12.9 % say it is correct and 6.5 % very correct.
Last June 9, the Legislative Assembly approved the Bitcoin Law, which gives legal tender to this crypto-asset together with the US dollar.
The initiative, which does not include other cryptocurrencies or the underlying projects, was approved with the votes of 62 of the 84 deputies in the Parliament, with a large majority of the ruling party, without further debate or parliamentary discussion.
The measure, which generated doubts among local banks and the population due to the limited information disclosed by the Government, will come into force next September 9. » | Latin America News | Friday, July 9, 2021
More El Salvador news here »
Tuesday, February 23, 2021
Elon Musk No Longer World’s Richest Person as Tesla Shares Fall
Elon Musk, the maverick boss of Tesla, is no longer the world’s richest person after shares in the electric car company dropped 8.6% on Monday, wiping $15.2bn (£10.8bn) off his fortune.
Musk, who last month leapfrogged Amazon founder Jeff Bezos to take the title of the world’s wealthiest person, dropped back into second place with a $183bn estimated fortune behind Bezos’ $186.3bn.
The 8.5% drop in Tesla’s share price on Monday – the sharpest one-day fall since September – was partly fuelled by Musk tweeting that the prices of bitcoin and other cryptocurrencies “do seem high”. Tesla’s shares were down a further 6% in pre-market trading on Tuesday. » | Rupert Neate, Wealth correspondent | Tuesday, February 23, 2021
Saturday, February 20, 2021
Should the World Embrace Cryptocurrencies? | Inside Story
For the first time ever, America's oldest bank, BNY Mellon says it's planning to offer some cryptocurrency services.
That's good news for digital currencies like Bitocoin - which has been soaring to all time-highs.
While investing in it can be a rollercoaster ride that comes with many risks, that hasn't stopped the Chief Executive of Tesla, Elon Musk, from purchasing a $1.5 billion stake in it. Tesla is also now expected to accept the virtual money as a form of payment.
That and BNY Mellon's decision to allow cryptocurrencies in its services, has seen a boost for digital assets.
That's good news for digital currencies like Bitocoin - which has been soaring to all time-highs.
While investing in it can be a rollercoaster ride that comes with many risks, that hasn't stopped the Chief Executive of Tesla, Elon Musk, from purchasing a $1.5 billion stake in it. Tesla is also now expected to accept the virtual money as a form of payment.
That and BNY Mellon's decision to allow cryptocurrencies in its services, has seen a boost for digital assets.
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