All Forum Posts by: Eric Carr

The EU votes down a defacto bitcoin ban. 

Here's a statement made by the Epp spokesperson

“We cannot leave crypto assets to scammers and fraudsters,“ said Markus Ferber, spokesman for the EPP on the Economic and Monetary Affairs Committee, where the vote was held. “The new rules for cryptocurrencies will fill the existing regulatory vacuum by putting in place a clear framework to protect investors and ensure market integrity.”

It looks like those UAE funds that I mentioned before, that are no longer skeptics of bitcoin - but believers, who are waiting for regulatory clarity, might be getting it.

Aiming to be a "major player" globally in digital assets, Dubai's ruler announced the creation of a regulatory and licensing authority

The future belongs to whoever designs it," tweeted Sheikh Mohammed bin Rashid Al Maktoum. "Today, through the virtual assets law, we seek to participate in the design of this new and rapidly growing global sector."

https://fortune.com/2022/03/09...

Bain Capital launches $560m crypto arm. Will start trading digital assets 

https://www.bloomberg.com/news...

Shake shack partners with cash app to offer customer rewards, paid in bitcoin at a rate of 15%. 

Virginia state senate allows banks to custody crypto. 

Louisiana has a bill on the table that would allow citizens to pay taxes is taxes in crypto

Lugano, the 9th largest city in Switzerland, has just announced it will allow citizens to pay taxes and other service fees and bitcoin.  They are also working with 200 merchants in the city to make bitcoin a "DE facto" legal tender currency 

 Yes. But do you think they are doing it in a good way? Do you trust the central banks to do that job?  Every government in history has manipulated its currency. Rome was one of them

Also Joe, you seem to dislike the idea of Russian families getting money to buy things like food. 

The Russian government is unlikely to be able to use bitcoin to circumvent sanctions.  Russia's total exports are around 400 billion. About half bitcoins cap rate.  If Russia try to price it's goods in bitcoin,  it's been said that it would increase bitcoins volatility, and make it hard for Russia to forecast its commodity revenues.  They would also limit their buyers. 

Exchanges in the US, don't blanket ban countries without due legal process. Thank goodness for that. They can and probably will blacklist specific addresses after the proper process is followed. So they aren't going to do it just because Janet Yellen said so.