national currency

Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia

March 5, 2023 Bitcoin.com

Binance

Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian […]

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From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, Industry Says

July 24, 2022 Bitcoin.com

bitcoin.com

The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector. War-Time Hryvnia Limits Expected to Increase Interest in Cryptocurrency […]

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From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Russia May Accept Bitcoin for Gas Exports, Lawmaker Says

March 24, 2022 Bitcoin.com

Bitcoin

Russia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of partnering countries. A high-ranking parliamentarian has indicated that Moscow may take cryptocurrency for natural gas and other resources. Russian Official Mentions […]

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From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Central Bank of Ukraine Supports Crypto Industry, Fears Cryptocurrency

September 23, 2021 Bitcoin.com

bitcoin.com

The National Bank of Ukraine recognizes the benefits of endorsing crypto innovations but also fears cryptocurrencies could gain ground on the national fiat. Announcing its monetary policy guidelines for the near future, the regulator noted it’s going to defend the status of the hryvnia as the only legal tender in the country. Bank of Ukraine […]

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From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

61% of US Adults Do Not Oppose Bitcoin as Legal Tender, Survey Shows

September 12, 2021 Bitcoin.com

bitcoin legal tender

Following El Salvador making bitcoin legal tender, a survey was conducted to ascertain whether U.S. adults support or oppose a similar move in the U.S. Among 4,912 adults who participated, 61% did not oppose. Majority of Adults in US Do Not Oppose Making Bitcoin Legal Tender, Survey Shows Yougov America Inc. conducted a survey Thursday […]

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From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

IMF: Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable as Legal Tender

August 30, 2021 Bitcoin.com

bitcoin legal tender

The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable for Use as Legal Tender The International Monetary Fund tweeted about […]

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From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows

July 28, 2021 Bitcoin.com

Altcoins

The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency as payment while others are using the same to buy important supplies. Use of Sarafu […]

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From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

UN Kenyan Mission Praises Local Blockchain-Based Initiative for Helping to Reduce Poverty

June 25, 2021 Bitcoin.com

bitcoin.com

The United Nations (UN) mission in Kenya recently praised a local blockchain-based community inclusion currency (CIC) initiative for its part in helping to reduce poverty in one of the country’s poor informal settlements. The mission’s sentiments follow a tour of the Mukuru informal settlement by its resident coordinator, Stephen Jackson. In a tweet, the mission […]

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From Code to $100K: Why Bitcoin’s Milestone Matters to Economics