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Crypto Legal Status Dilemma As for Ukraine, cryptocurrency does not fall under any existing legislation so it "cannot be recognized as money" or "as a currency or legal tender of a foreign state and has no monetary value," the three financial authorities explained. In addition, cryptocurrency cannot be recognized as electronic money, ...
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Venezuela's latest answer to 4000% inflation – Bitcoin-like digital currency Venezuela is set to float a digital currency, nicknamed Petro, to shore up the collapsing economy and to tackle inflation which is raging at 4,000%. Socialist President Nicolas Maduro announced the creation of the new Bitcoin-like virtual currency on Sunday, 3 December saying this will help the Latin ...
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Gov't Launches Task Force to Regulate Virtual Currency Transactions The government has formed a task force to seek ways to regulate bitcoin-related speculative activities and virtual currency transactions. The task force held its first meeting Monday morning and agreed to jointly respond to virtual currency-related concerns. The Justice Ministry says it will take the lead in ...
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