Legal Tender


Finance

Swiss City of Lugano to Make Bitcoin and Tether 'De Facto' Legal Tender

The municipality wants businesses to accept crypto in everyday transactions.

(Bloomberg Finance LP)

Videos

Crypto Markets Beginning to Bounce Back

Bitcoin and other major cryptocurrencies are trending higher Friday, but what’s behind the bounce? Peter Marber, Chief Investment Officer at Aperture Investors, discusses his crypto markets analysis. Plus, his take on the contrast between El Salvador’s economy before and after BTC became legal tender, and thoughts on the IMF’s criticisms of the country’s bitcoin adoption.

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Finance

El Salvador Using Crypto Software Firm AlphaPoint to Fix Chivo Wallet Problems

Users of the state-run bitcoin wallet have complained about duplication of identity and the disappearance of funds.

Un cajero automático Chivo en San Salvador, El Salvador (Camilo Freedman/APHOTOGRAFIA/Getty Images)

Finance

State Senator Introduces Bill to Make Bitcoin Legal Tender in Arizona

The U.S. Constitution doesn't allow individual states to create their own legal tender, however.

The Arizona legislature will consider a bill to make bitcoin legal tender in the state. (Carol M. Highsmith/Buyenlarge/Getty Images)

Finance

Salvadoran Ambassador to US: Bitcoin Challenges Your Authority

Other countries will “follow our leadership” on bitcoin, Mayorga tells CoinDesk TV.

El Salvador’s Ambassador to the United States Milena Mayorga said other countries may follow its leadership on adopting bitcoin as legal tender, on CoinDesk TV's "First Mover." (CoinDesk TV)

Policy

Bitcoin Should Not Be Legal Tender in El Salvador: IMF

The financial institution said the Central American country’s plans to acquire more bitcoin will require a “very careful analysis” of implications for its financial stability.

(Archivo de CoinDesk)

Policy

ECB’s Panetta Says CBDCs ‘Likely’ to Be Legal Tender: Report

However, this status “should not be taken for granted.”

ecb, sign

Finance

El Salvador’s Bitcoin Law Is About Self-Determination

Today, bitcoin became legal tender in the Central American nation.

El Salvadoran President Nayib Bukele speaks via video during a presentation at the Bitcoin 2021 conference in Miami.

Policy

El Salvador Doesn't Need a Bitcoin Mandate

The Bukele administration should consider not enforcing, or eliminating, Article 7 of its new law. Let Bitcoin flourish on its own merits.

National Palace of El Salvador

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