At the end of last week, Ecuadorian President Daniel Noboa announced Executive Decree 565, which officially establishes the US dollar as the official currency.
Noboa ratified the measure through the presidential digital portal during an official ceremony in the city of Cuenca, in the south of the…
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official currency
IMF urges strict regulations for cryptocurrencies
The International Monetary Fund (IMF) issued a call to States not to grant cryptocurrencies the status of official currency or legal tender, emphasizing the need to establish stricter regulations.
In a recent report, the IMF highlighted…
Russia is not ready to take on Bitcoin as official currency
The official representative of the President of Russia, Dmitry Peskov, was emphatic in pointing out that his country “has no reason to recognize Bitcoin as legal tender”, reiterating the opposite position of the government of Vladimir…