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Showing posts with the label legal tender

Bitcoin Makes Its Entry Into the Guinness World Records

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Bitcoin is the largest and first cryptocurrency in the world. It paved the way for thousands of cryptocurrencies that followed suit. The creation of bitcoin is one of the most remarkable ones that is responsible for the follow up of decentralization and everything crypto. The acceptance of crypto has never been the same since its inception. Cryptocurrencies, including bitcoin , have come a long way. Whether it be in terms of adoption and development, the cryptocurrency realm is likely ahead of other sectors. In one of the latest events, bitcoin has grabbed the attention of the Guinness World Records. Recognition of cryptocurrencies by Guinness World Records indicates the growth of the blockchain sector. JUST IN: #Bitcoin has been added to the Guinness World Records as the first and most valuable cryptocurrency. — Watcher.Guru (@WatcherGuru) October 18, 2022 Bitcoin recognized as the first and most valuable crypto In the latest edition of the Guinness World R...

Report: Macau Discusses Bill That Proposes to Make Digital Currencies Legal Tender

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Macau, one of China’s special administrative regions, recently concluded discussing a bill that seeks to make digital currencies legal tender, a report has said. The report also suggested that individuals who reject or refuse to accept legal tender will be fined between $123 and $1,230. Improving Macau’s Legal System An executive council of Macau, an autonomous region on China’s south coast, recently completed discussing the draft bill proposing to include digital forms of currency in its basket of financial instruments that are accepted as legal tender . As explained in the China News Service report, the bill is now set to be forwarded to the legislative council for further deliberations. According to the report, Macau’s draft bill, also known as the Legal System for the Establishment and Issuance of Currency, not only seeks to improve the current legal system but to also ensure digital money and other forms of money have “equal status.” ...