Friday, May 27, 2022

RUSSIA’S MINISTRY OF FINANCE SUBMITS BITCOIN BILL PROPOSAL

from Bitcoin Magazine:

The draft bill comes after the government gave the green light to Bitcoin regulation, disregarding the Bank of Russia’s concerns.

Russia’s Ministry of Finance has submitted a draft bill on Bitcoin regulation in the country, weeks after the government approved the concept of creating legislation specifically for cryptocurrencies.

“The use of digital currencies as a means of payment on the territory of the Russian Federation will continue to be prohibited,” the Ministry of Finance said in a statement Monday. “Under the proposed regulation, digital currencies are considered solely as an investment vehicle.”

Just walked into a McDonald’s in San Salvador to see if I could pay for my breakfast with bitcoin

Canadian Government Laments Fact that All Bitcoin Donations to Civil Liberties Protesters Can’t be Seized

by Didi Rankovic, Activist Post:

Recent events around the globe have prompted many to consider how safe and “unconfiscatable” cryptocurrencies are – and whether or not the use of digital money adds to the quality of life, where freedoms and privacy are concerned.

Depending on what cryptocurrency you look at, the verdict may be different, or the jury may still be out; but at least in one case, it seems that a cryptocurrency is attempting to live up to the hype. And this is happening over in Canada, much to the chagrin of the police there.

Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash

by Jamie Redman, Bitcoin:

On Saturday, the leader of the United People’s Party and member of St. Maarten’s Parliament, Rolando Brison, announced that he’s become the first elected official to request his entire salary paid in bitcoin cash. Brison believes St. Maarten can be the “Crypto Capital of the Caribbean,” as long as his country continues to embrace blockchain technology and cryptocurrency solutions.