IMF Concerned About El Salavador’s Bitcoin Law Due To “Legal And Economic Iss...
Less than a week since El Salvador’s “Ley Bitcoin” has been approved by its national congress and the international financial organism is reacting. The International Monetary Fund (IMF) has expressed “economic and legal” concerns over the nation’s new pro-BTC legislation. The country’s Head of State, Nayib Bukele, will meet with the financial organism today. The […]
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Washington inadvertently gave a big boost to the very currency they are concerned with. After the first of two Senate hearings concluded on November 18, Bitcoin began trading at highs above the $750 mark. This come, however, after the value dipped to $600 at the beginning of the hearing. Two phrases seemed to be investors’ big takeaways from this hearing. First, the committee acknowledged Bitcoin as a “legal means of exchange.” Washington up until then hadn’t been so forthcoming with its thoughts on the currency. Second, Acting Assistant Attorney General Mythili Raman said, “We all....
Anyone with a brain can see the principle of the European Union is not necessarily beneficial to most member states. It is evident the financial sector is still going through a lot of issues as we speak. The next economic crisis may come upon us a lot sooner than most people anticipate. In fact, it appears things will take another turn for the worse where Greece is concerned. Moreover, the country violated the terms of the EU bailout with some of their recent developments. Introducing economic changes in a country suffering a significant crisis is never easy. For Greece, that situation has....
On June 14, a three-judge panel of the D.C. Court of Appeals rendered a surprise 2-to-1 decision that handed the Federal Communications Commission (FCC) complete authority to enforce Net Neutrality. FCC as a ‘Social Regulator’. It was a surprise because only a partial FCC victory was predicted. But, as the Mercatus Center’s tech expert Brent Skorup....
The European Union is a bit of an odd creature at times. While most of the decisions regarding politics and regulation in Europe go through the EU Committee, countries are free to come up with their own economy-boosting initiatives. Belgium is one of those countries that is making a strong push for more digital initiatives. Every country in the EU shares....
Switzerland - a land of economic freedom. Or so you thought. A Swiss pension fund manager recently found out otherwise. Peter Tenebrarum, an independent analyst and economist/social theorist, recently drew attention on his website, acting-man.com, to a situation in Switzerland that has alarmed people who are concerned about economic freedom and the power of central banks. Tenebrarum's essay, "The 'War on Cash' Migrates to Switzerland," examines the experience of a Swiss pension fund manager who learned a hard lesson about negative interest rates. The essay has been posted on David....