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South Korea’s Central Bank Report Says ‘Bitcoin and Fiat Currency Can Coexist’

  South Korea’s Central Bank Researches the Relationship Between Bitcoin and Fiat Researchers from Seoul’s Hongik University and members of the Bank of Korea (BOK) have released a paper called “Crowding out in a Dual Currency Regime.” The paper written by Kihoon Hong, Kyounghoon Park, and Jongmin Yu details how cryptocurrencies and fiat monetary systems […]

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Considering Bitcoin An Asset Could Set Back Adoption in Israel

The Israeli Tax Authority (ITA) recently published a draft clarifying its stance on digital currencies including bitcoin for the first time. Bitcoin.com examines the legality of the draft and its effects on the Israeli Bitcoin community. The Draft is Not Yet Law The draft published by the ITA earlier this month states that digital currencies […]

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UAE Did Not Ban Bitcoin

The Central Bank in the United Arab Emirates (UAE) issued the ‘Regulatory Framework for Stored Values and Electronic Payment Systems’ on January 1 which appeared to ban all virtual currencies. However, the Bank’s Governor recently corrected this misconception, confirming that virtual currencies, including bitcoin, are not banned. Bitcoin is not Banned The UAE Central Bank […]

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How Trump’s Wall and Remittance Tax Could Give Bitcoin a Boost

President Donald Trump earlier this week signed an executive order to start building a wall on the U.S – Mexico border, fulfilling the promise he made during his presidential campaign. He has also threatened to halt or tax remittances from the U.S. to Mexico to help pay for the wall; a move which could potentially […]

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Why South Korean Bitcoin Adoption Could Outpace Most Other Countries This Year

The currency with the fifth-highest Bitcoin trading volume today is the South Korean Won, already surpassing some larger financial centers such as the UK, Russia, and Indonesia. The country’s Bitcoin adoption is accelerating, and several factors indicate that it could outpace most other countries soon. Korea, with a population of over 50 million, has a […]

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Google Searches for Bitcoin up Over 400% in Venezuela Over the Past Week

The economy of Venezuela has been shred apart by a financial crisis resulted from the local government’s decision to demonetize the nation’s largest denomination banknote. However, after a plane carrying the newly printed banknotes failed to arrive, Venezuelan authorities officially declared the previously scrapped 100bs banknotes a legal tender once again. People have struggled to […]

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