The Central American country which was the first to make Bitcoin a legal tender, slated last week for the issue of an unprecedented bitcoin-backed bond. But this plan will be delayed till the markets are favorable.
Following an account blockade five months ago over suspected money laundering, some Colombian users have taken legal actions against Binance. In other news, the success of Bitcoin in El Salvador is focusing the attention of another South American country on cryptocurrencies, which the government believes will ignite tech investments in the country.
Yesterday, during the Senate Banking Committee hearing on digital assets and crime, the US senator who has been a proponent of preventing sanction evasion using cryptocurrency, introduced a bill that she believes will effectively achieve her aims with the support of 10 other co-sponsors.
As more countries move to regulate and integrate cryptocurrency into their financial system. Canada and India are the recent countries exploring the option of a Central Bank Digital Currency. The decision by both countries to explore this option comes despite the absence of clear regulation for cryptocurrency.
Following the recent sanctions imposed on Russia by the West and other countries for the invasion of Ukraine. There have been fears that crypto will be used to evade the sanctions. This prompted calls from the authorities that crypto exchanges restrict the accounts of their Russian users. Despite the measures put in place by the exchanges, it seems some Russian officials and oligarchs found a way around them. But, some firms have had some success in tracking them down.
The EU parliament yesterday rejected the proposal limiting proof-of-work in a closely won vote. The clause raised a lot of eyebrows from people in the industry because of the threat it poses to Bitcoin and other major cryptocurrencies. Despite this temporary victory, it is still a long road ahead for cryptocurrencies in Europe.
After weeks of deliberation, the EU parliament is set to vote on its major crypto regulation today. The proof-of-work clause which was removed because of its impact on major cryptocurrencies found its way back into the regulation ahead of the vote. A move that may lead to a ban on Bitcoin and other major cryptocurrencies in EU states.
Following the departure of star Defi and crypto developer Andre Cronje. The Fantom Foundation released a statement to address what they believe to be misinformation surrounding Cronje’s departure.
Recently, blockchain payments startup Basqet announced the launch of its cryptocurrency payment gateway which will allow businesses to accept Bitcoin and other cryptocurrencies as payment. Basqet said it is launching a public beta and will be going live with 118 businesses already signed up to start accepting payments in Bitcoin and several other cryptocurrencies.
