14% of Salvadoran businesses have transacted in BTC: Chamber of Commerce
El Salvador made history in September 2021 by becoming the first country to officially recognize Bitcoin as legal tender. Businesses in El Salvador have been slow to adopt Bitcoin (BTC) ever since the country famously recognized the digital asset as legal tender in September 2021, according to a recent survey by the Salvadoran Chamber of Commerce. Of the 337 companies polled between Jan. 15 and Feb. 9, only 14% said they had transacted in BTC since the Bitcoin Law came into effect. Over 90% of the companies indicated that Bitcoin adoption in the country had little impact on their sales.....
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The newly-formed Chamber of Digital Commerce, established in mid-July by Perianne Boring, has submitted comments to the New York Department of Financial Services (NYDFS) relating to recently-released BitLicense regulations. The ten-page comments from Ms. Boring state the following: The proposed regulations shouldn't apply to business that only store or transmit digital currency. Businesses in the digital currency realm should have the freedom to make investments. Businesses in the digital currency realm should have the freedom to innovate. The proposal's "Existing Exchange Services"....
The Chamber of Digital Commerce goes to bat for a spot bitcoin ETF in The US. Plus, it goes for Chairman Gensler’s throat. The organization doesn’t mince words in the report titled “The Crypto Conundrum. Why Won’t the SEC Approve a Bitcoin ETF?” The Chamber of Digital Commerce argues that all of the standards that […]
The BitLicense proposal appearing to be something so suffocating for Bitcoin businesses, many of them would rather not do business with the state. But rather than simply leave New York and hope that the policy doesn't become popular nationwide, the Digital Chamber of Commerce wants to enlist you to help them educate Congress on a more reasonable approach to Bitcoin regulation. While many in the community would argue that Bitcoin cannot be regulated by its very nature, others would point out that government attempts are coming either way and it would benefit the community to express what....
The newly-established Chamber of Digital Commerce has reportedly registered a spending PAC (political action committee) with the Federal Election Commission (FEC), according to political news website The Hill, citing recently-disclosed documents. The formation of the PAC doesn't mean the Chamber is planning to put their support behind any particular candidate at this juncture, but it is in preparation for things to come. And just what those things are is anyone's guess. "We're in the very earliest stages of setting up," said Perianne Boring, President of the Chamber, to The Hill. "We....
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