Policy


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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

Politiche

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.

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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

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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

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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.

Politiche

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

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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

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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

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Norway Central Bank Official Says 'No Acute Need' to Introduce a Digital Currency

The deputy governor of the Norges Bank said there's no urgent need for the nation to launch a digital krone.

Ida Wolden Bache, Norges Bank deputy governor

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World Economic Forum Shares Roadmap for Deploying Blockchains in Real World

As COVID-19 disrupts global supply chains, the WEF has published a roadmap for businesses to deploy blockchains as a solution.

The World Economic Forum is hoping to aid supply chain businesses with its new roadmap for deploying blockchain, citing tracking medical supplies as one potential use case. (Credit: Rumir / Shutterstock)