![Uzbekistan-‘no-plans’-to-overturn-digital-currency-payments-ban Uzbekistan ‘no plans’ to overturn digital currency payments ban](https://coingeek.com/wp-content/uploads/2021/09/Uzbekistan-‘no-plans-to-overturn-digital-currency-payments-ban-380x188.jpg)
Uzbekistan ‘no plans’ to overturn digital currency payments ban
The comments from Deputy Chairman Behzod Khamraev came after El Salvador adopted BTC as a legal tender, which led to significant protests and unrest in the country.
The comments from Deputy Chairman Behzod Khamraev came after El Salvador adopted BTC as a legal tender, which led to significant protests and unrest in the country.
A representative of President Vladimir Putin put it beyond doubt that Russia doesn’t intend to reverse the digital currency payments ban, let alone make it legal tender.
A Panamanian lawmaker has introduced a new bill seeking to legalize and regulate digital currencies in the country, following the steps of El Salvador.
When it was announced that El Salvador would be using “bitcoin” as legal tender in the third world nation and that businesses would be forced to accept it as payment small blockers jumped for joy, Kurt Wuckert Jr. writes.
Salvadorians have held their ground and rejected the imposition of BTC as legal tender, with fresh protests breaking out a week before Bitcoin Law takes effect.
The world’s first country to adopt BTC as legal tender is now preparing for its rollout this coming September but pulls back from requiring the nation’s residents from using the digital currency.
Banco Central de Reserva, the central bank of El Salvador, has published two draft documents pertaining to the offering of BTC products in the country.
A United Nations commission weighs in on El Salvador’s move to accept BTC as legal tender, warning the Latin country of economic, financial and legal challenges ahead.
What looks like a progressive, innovative move at first glance is actually riddled with drawbacks that will most likely prevent BTC from being used as intended by El Salvador President Nayib Bukele.
A spokesperson for the World Bank reportedly said there are too many ‘shortcomings’ in BTC for this to be something they would be willing to assist with in implementation.
As time goes on, we see two things from Tether: more evidence that USDT is unbacked, and an increasing reliance on Tether throughout the industry and beyond it. The month of June has been no exception.
Binance has lost its top bean counter just as regulatory headwinds threaten to blow the troubled cryptocurrency exchange off its pedestal.