Week in review: September 10, 2021 — Bitcoin as a national currency
In this week’s newsletter:
✔️ El Salvador becomes first country to adopt Bitcoin as national currency.
✔️ ALT 5 Sigma forms agreement with leading wealth manager in Latin America expansion.
✔️ 27% of Americans back making bitcoin legal tender in the US.
The Wall Street Journal: September 7, 2021
Tiny and impoverished El Salvador’s move to become the first country in the world to adopt bitcoin as legal tender got off to a bumpy start, as the government took its bitcoin e-wallet offline for several hours after tens of thousands of people tried to download the app, overloading servers.
Accesswire: September 7, 2021
ALT 5 Sigma today announced the signing of an agreement to form a joint venture with Fisherman Wealth Management, a leading wealth manager in Latin America, to create a new platform that will enable it to deliver digital assets to customers in El Salvador and neighboring countries.
Business Insider: September 10, 2021
The poll, which covered 4,912 US residents, came after El Salvador made bitcoin legal tender on Tuesday. The digital money is now an official currency of the country and the population can pay their taxes and buy goods using it.
CoinTelegraph: September 8, 2021
The decentralized finance (DeFi) market appears to no longer be the domain of retail actors alone as the institutional investment footprint in the crypto market segment continues to attain more significant levels.
Bitcoin.com: September 9, 2021
The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations of crypto businesses.
Bitcoin Magazine: September 8, 2021
Frankfurt based asset manager Union Investment is testing a pilot program with Bitcoin exposure certificates, according to Bloomberg. If the program is successful it will open Bitcoin exposure up to other funds as well.
CNBC: September 10, 2021
SIX, Switzerland’s stock exchange, has been given regulatory approval to launch its long-awaited digital bourse. The SIX Digital Exchange said Friday it obtained two licenses from FINMA, the country’s markets watchdog, to operate a stock exchange and depository for blockchain-based securities.
Yahoo Finance: September 7, 2021
The pandemic-driven acceleration towards a digital society came about just as the cryptocurrency markets were starting to gear up for their next big bull run. And unlike 2017, when most projects consisted of nothing more than a token, a white paper, and a vaguely marketable pitch, things are different this time around.
Start trading Forex with the best rate and advice from our FX specialist.
Request a call today!