Category: Bitcoin adoption

Bank Of America Sees Benefits In Adopting Bitcoin As Legal Tender In El Salvador

Bank of America has outlined some benefits to be had from adopting bitcoin as legal tender in El Salvador. The opportunities include low-cost remittances, financial digitization, more choices, and greater…

US State Department Official Wants El Salvador To ‘Ensure Bitcoin Is Well Regulated’

The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with…

Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse The Economy’

The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for…

Chinese Economist Says If Bitcoin Is Widely Adopted: ‘We’re All Going To Die, This Is Not A Joke’

A Chinese economist and assistant director at the International Monetary Institute of Renmin University, Qu Qiang, has predicted that “We’re all going to die” if bitcoin becomes widely adopted as…