Legal Tender News

Justin Sun, a Grenada diplomat, wants TRX, the native of Tron, a smart contracting platform he co-founded, adopted as legal tender in at least five countries within a year.

Macau, one of China's special administrative regions with a robust casino industry, is pursuing legal tender status for digital currencies.

A cryptocurrency is a form of virtual money or digital asset made with the help of encryption algorithms that can be moved from one account to another without the need for a middleman. That means a user can send or…

Authorities in the Central African Republic have unanimously passed a bill aimed at legalizing bitcoin (BTC) and other cryptocurrencies,  making it the first African nation to officially give bitcoin a legal tender status. The authorities say the move is part…

Malaysia’s Communications and Multimedia Ministry has urged the government to legalize non-fungible tokens (NFTs) and adopt bitcoin (BTC) and other cryptocurrencies as legal tender, to make life easier for the country’s youths, according to reports on March 21, 2022. Malaysia’s…

On Feb 19, 2022, Political advisor Ian C.Calderon tweeted that he and BTC expert Dennis Porter were working on a Bipartisan legislature. He said he introduced a bill that seeks to make BTC a legal tender in California.

The Senate Foreign Relations Committee ranking member Jim Risch, Chairman Bob Menendez, and Bill Cassidy want the US to monitor El Salvador. They have introduced the ACES Act to help mitigate the potential side effects of Salvador’s crypto adoption to the US. President Bukele has reiterated that they should stay away from his government.

ednesday, Fitch Ratings further lowered El Salvador’s credit ratings, citing its BTC legal tender status. The Rating organization noted that BTC has its risks, and it's not favoring El Salvador. It also explained that El Salvador is losing its credit ratings due to its tendency to over-rely on frequent short-term debts.

“Not a legal tender” is a phrase that we have come across more often in the past 12 months than we ever did in the past. A report published on a local news agency Nyasa Times on May 27, 2019,…