Bitcoin Now Legal Tender in El Salvador
宏观新闻 General News
El Salvador Approves Law Making Bitcoin Legal Tender
The Bill text shared by the president indicated that the purpose of the law is to
“regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out.”
The law text also indicated that the exchange rate between BTC and the USD will be established freely by the market, tax contributions may be made in bitcoin, exchanges in bitcoin will not be subject to capital gains taxes and that every economic agent must accept BTC when offered unless they do not have access to the technology that would allow them to do so.
专业发展 Enterprise Development
Munch and The Giving Block partner to connect crypto-ready nonprofits
Munch, an up-and-coming decentralized finance (DeFi) project that lets investors give back a portion of their earnings to charitable causes, has officially partnered with The Giving Block — a move that could provide a significant boost to the rapidly growing crypto donations industry.
The new agreement connects The Giving Block’s growing community of crypto-ready nonprofits with the Munch network, which allows users to easily donate to causes they care about. The partnership will also enable new nonprofits to accept Munch donations directly and to create a profile on The Giving Block’s fundraising platform.
专业分析 Specialist Analysis
Hyland Backs Blockchain For Education Verification Services
Natalie Smolenski of Hyland Credentials created the report to detail the important role of blockchain technology within the educational sector. The report has been published to the Organisation for Economic Co-operation and Development (OECD).
Smolenki’s report outlines the importance of record verification through the use of blockchain technology. She believes that blockchain technology offers easier record verification across the globe. The technology allows learners to share and verify their educational qualifications.
大咖链语 Important Figures in Blockchain
Billionaire Alan Howard Invests in Crypto Startup Copper
British billionaire Alan Howard is doubling down on crypto.
The Brevan Howard co-founder participated in crypto custody firm Copper’s $25 million funding round. According to sources, Howard’s investment amounted to $12.5 million, the Financial Times reported. Howard also recently put $4 million into the Asian crypto trading app Kikitrade, highlighting his belief in the future of the digital assets space. Speaking of the Copper funding, Howard said:
“I am delighted to have the opportunity to support Copper. Their pioneering technology, particularly in the security and speed of cryptocurrency transactions, is essential for the traditional world to offer crypto products to their clients.”
法律监管 Policy & Regulations
Bank of England Says Stablecoins Should Be Regulated
England’s central bank has published a paper titled “New forms of digital money” to assess the viability of a central bank digital currency and other issues surrounding cryptocurrencies. The paper, titled “New forms of digital money,” discussed central bank digital currencies (CBDCs) and other forms of digital assets, including stablecoins.
While the bank aims to build confidence in stablecoins as commercial bank money, it has suggested guidelines for stablecoin issuers. The note read:
“Stablecoins used as money should meet equivalent standards as those provided by commercial bank money, otherwise known as bank deposits.”
