Serbian Central Bank: Bitcoin Isn't Legal Tender
Following up on reports this past weekend noting that the central bank of Portugal had issued a warning pertaining to the use of bitcoin and digital currencies comes news that Serbia is doing much the same. In a statement issued today, the National Bank of Serbia (NBS) wants to make it clear to Serbian citizens that bitcoin (and other digital currencies) is not considered to be legal tender. Of course, the central bank has pulled the cards we're well familiar with when it comes to explaining the risks associated with digital currencies. They aren't guaranteed, users aren't protected....
Related News
Serbia's Central Bank warns consumers against "virtual currency" such as Bitcoin, stating that digital currencies weren't backed by any Central Bank and that users weren't protected from trade-related risks. Serbian Central Bank, the National Bank of Serbia (NBS), issued on October 2, a warning about the use of digital currencies such as Bitcoin. The release stated: The authority stated that, while digital currency exchange platforms can be registered as economic entities, they aren't regulated in a way that protects users from trade-related risks. Thus, consumers are not covered by any....
The central bank said “for the time being” Bitcoin was not regulated in the country, but it was exploring the feasibility of introducing a CBDC. The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be negative.In a Wednesday statement, Honduras' central bank said “for the time being” Bitcoin (BTC) was not regulated in the country and not recognized as legal tender in many others. The BCH reiterated its authority under Honduras' constitution that it was the only....
On March 23, Honduras’ central bank issued a clarification on crypto assets such as bitcoin, and noted that digital currencies are not legal tender or regulated in the country. The announcement, posted via Honduras’ central bank official Twitter account, comes after lots of speculation about the Honduran president, Xiomara Castro, allegedly going to declare bitcoin legal tender in the country. Despite Rumors, Honduras’ Central Bank Says Bitcoin and Crypto Assets Are Not Legal Tender in the Country In recent times, there’s been a lot of rumors that claimed the....
A lot of people had their bets on Honduras being the next country to declare bitcoin legal tender. Apparently, they lost. The country’s Central Bank issued an official statement in which they affirm their authority as the “sole issuer of legal tender banknotes and coins.” They also announce their intention of going the CBDC route […]
On Tuesday, 1st April, Banco Central de Colombia, the central bank of the South American nation, issued new statements regarding bitcoin, confirming that the digital currency is not considered a currency or a means of legal tender in the country. The news comes roughly one week after the Superintendencia Financiera de Colombia (SFC), the government body with jurisdiction over the Colombian financial system, issued a ruling that domestic banks would be barred from holding, investing in or brokering bitcoin transactions. Said the central bank, according to reports: "The bitcoin is not a....