The cryptocurrency industry is eager to comply with the Financial Action Task Force's (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found.As per a survey conducted by Notabene, a crypto compliance firm based in New York, most of the crypto industry will be Travel Rule-compliant by Q2 2022. Currently, the … [Read more...] about Crypto industry seems willing to adopt FATF travel rule: Survey
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70% of Jamaica population to adopt CBDC in 5 years, prime minister says
Central bank digital currency (CBDC) evolved into a hot topic in Jamaica when the country’s central bank successfully completed the first pilot test in early January.Following the tests, the country's prime minister, Andrew Holness, has spoken confidently about CBDC adoption in the country.Holness has predicted the majority of the Jamaican population would be quick to adopt the … [Read more...] about 70% of Jamaica population to adopt CBDC in 5 years, prime minister says
All these Latin American countries want to adopt Bitcoin…and quick
Mexican senators, Eduardo Murat Hinojosa and Indira Kempis, may have a lead in the Bitcoin (BTC) legalization race, but there is still a lot that could happen before the next legal tender status announcement. Mexico’s government officials are already prepared to propose crypto regulation before the Chamber of Deputies, while Panama officials are preparing to raise the issue in … [Read more...] about All these Latin American countries want to adopt Bitcoin…and quick
Crypto community reacts to El Salvador becoming first country to adopt Bitcoin as legal tender
The decision was announced by the country’s President, Nayib Bukele, while speaking during a video broadcast at the Bitcoin 2021 conference held in Miami.“Next week, I will send to Congress a bill that will make Bitcoin a legal tender,” he was quoted saying.The President also revealed that the country had entered a partnership with famous digital wallet company, Strike, to … [Read more...] about Crypto community reacts to El Salvador becoming first country to adopt Bitcoin as legal tender
Jackson, Tennessee follows Miami’s lead to adopt Bitcoin operations
Jackson, Tennessee is the latest city in the United States moving to adopt Bitcoin (BTC) payments and mining, following recent crypto developments in Florida.Jackson Mayor Scott Conger announced Wednesday that the city is actively exploring the option to pay its employees in cryptocurrency in addition to mining Bitcoin and adding it on the city’s balance sheet. The mayor hinted … [Read more...] about Jackson, Tennessee follows Miami’s lead to adopt Bitcoin operations