Bank of Jamaica confirmed that Bitcoin is not legal tender in the country. (reddit.com)

In Jamaica, as, arguably, in every other country in the world, crypto-currencies are not legal tender. However, island’s financial gate-keepers, unlike those of its Caribbean region’s neighbors, have found it necessary to make an additional step back on the road leading to financial revolution. In February 2018 the Bank of Jamaica (BOJ)’s representative made a pointed statement, where he explicitly warned citizens on the numerous dangers, which, from this representative’s point of view, are…

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New “Sovereign” Cryptocurrency Will Be Legal Tender in the Marshall Islands (bitcoinmagazine.com)

The Republic of the Marshall Islands (RMI), an island country located near the equator in the Pacific Ocean with a population of about 50,000, is poised to become the first sovereign nation to issue a cryptocurrency that will be legal tender.The new currency is called “Sovereign” with the symbol “SOV.” The SOV, which will be distributed to the…

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Dilemma for Ukrainian Regulators: Bitcoins Cannot Be Recognized as Money, Legal Tender, Currency or Securities (news.bitcoin.com)

A joint statement between the Ukrainian central bank and the country’s top financial regulators shows that existing legal concepts do not apply to cryptocurrencies. For example, they cannot be recognized as money, legal tender, currency or securities.
Also read: ‘No Regulation Needed’ – Moscow Stock Exchange Plans to Trade

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India Considers Issuing Its Own Bitcoin-Like Cryptocurrency as Legal Tender (news.bitcoin.com)

While working on creating a legal framework for bitcoin and other digital currencies, the Indian government is now considering launching its own bitcoin-like cryptocurrency. The proposed government cryptocurrency is to be issued by the Reserve Bank of India (RBI).
Also read: Indian Bitcoin Hotspot Bangalore Sees 50+ Merchants Added

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Palestine May Launch Its Own Cryptocurrency as Sovereign Legal Tender (bitcoinmagazine.com)

Palestinian officials are planning for the region of Palestine to receive its own digital currency within the next five years. The motivation for this stems from concerns about potential Israeli interference, Azzam Shawwa, Governor of the Palestinian Monetary Authority (PMA), told the news agency Reuters.Palestinians have no sovereign currency of their own and use a combination of different currencies, including the euro, the dollar, the Jordanian dinar…

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