legal tender

https://www.msn.com/en-us/money/markets/india-s-finance-minister-says-crypto-cannot-be-recognized-as-legal-tender/ar-BB1k5wfD BRICS countries don't want competition for a CBDC.

Apparently this has been brewing for a couple of years now, but I just became aware of it. (March 2022): https://www.coindesk.com/business/2022/03/03/swiss-city-of-lugano-to-make-bitcoin-and-tether-de-facto-legal-tender/ Feb 2023...

The Six Characteristics of Money We are roughly a century into the grand experiment with a central bank fiat monetary world order (half a century on a pure fiat system). For many people, pure fiat money is all that they have ever known. The lessons of history with respect to money have been...

More (need subscription): https://www.nytimes.com/1879/12/08/archives/miscellaneous-city-news-legaltender-paper-money-a-petition-to.html I don't have a subscription so I can't see the full report, but it would be cool to read it. From wikipedia: https://en.wikipedia.org/wiki/John_Sherman

https://cointelegraph.com/news/german-parliament-member-staunch-opponent-of-digital-euro-all-in-on-bitcoin

https://www.crypto-news-flash.com/breaking-news-taiwan-to-recognize-bitcoin-as-legal-tender/ I wonder how this might impact US-China relations if it passes...

https://www.msn.com/en-us/money/other/mexican-senator-indira-kempis-rallies-support-for-bitcoin-as-legal-tender-if-el-salvador-could-do-it-surely-we-can-as-well/ar-AA1iRRQt I have no idea how much support/interest there is for this in Mexico. :popcorn:

https://www.livebitcoinnews.com/is-paraguay-looking-to-make-btc-legal-tender/ Not sure how influential this Congressman is or how widespread his interest is shared amongst his colleagues.

This surprised me... More: https://bitcoinmagazine.com/culture/yougov-finds-americans-want-bitcoin-legal-tender-in-the-us If the youth are the future, Bitcoin appears poised for future growth.

https://www.dailymail.co.uk/news/article-12158911/Banknotes-worth-nearly-9BILLION-havent-cashed-despite-not-legal-tender-October.html Maybe the paper notes make great mattress stuffing...

What do you think the short, medium and long term effects would be if Ron Paul's Competing Currencies bill were to be enacted today?

In the wake of several countries granting Bitcoin and TRON legal tender status, the IMF came up with a paper describing "effective policies for crypto assets". Number 1 element is a warning...

More: https://bitcoinmagazine.com/culture/pr%C3%B3spera-bitcoin-legal-tender-explained https://en.wikipedia.org/wiki/Pr%C3%B3spera https://www.reuters.com/world/americas/honduran-congress-unanimously-nixes-special-economic-zones-2022-04-21/ So they repealed the law that allowed for the...

https://www.thestreet.com/crypto/news/brazilians-can-now-pay-taxes-in-crypto

https://www.msn.com/en-xl/africa/other/misdirections-at-the-central-bank-of-nigeria/ar-AA178NHW They apparently didn't print enough of the new notes to meet demand by a hard deadline for eliminating the old notes. Funny fiat fumblerooski!

https://cointelegraph.com/press-releases/member-of-st-maartens-parliament-initiates-law-to-adopt-tron-as-legal-tender

I missed this story back in April of last year: https://www.bbc.com/news/world-africa-61565485 I'm guessing that CAR was hoping to attract foreign investment with the move.

How did I miss this story!?!? October 2022 (emphasis mine): https://www.africa.com/imf-believes-zimbabwes-gold-coins-are-a-missed-chance-to-build-the-nations-gold-reserves/ This looks like Ron Paul's competing currencies bill in action, but on a limited scale/basis. December 2022...

https://www.forbes.com/sites/roberthart/2021/06/09/el-salvador-makes-history-as-worlds-first-country-to-make-bitcoin-legal-tender/ El Salvador dropped the bomb. Wow.

Any Utahns here at pmbug? How is it going? Do Utah coin dealers profit from this? <video no longer available>