Cripto News Today: Bitcoin, Crypto Rules And More

A daily update on the very interesting topics of the day, which is cryptocurrencies like Bitcoin, Ethereum, and Tether to help your day to get a kick start.

Prices of Cryptocurrency For Today

Bitcoin’s market supremacy fell by 0.03 percent to 41.97 percent and the currency was trading at $44,039.12 on the morning of 17 February. In the terms of rupees, Bitcoin fell 0.03 percent to trade at rupees 34,26,961 while we saw a rise in Ethereum with0.17 percent to rupees 2,45,505.3. We saw a fall in Cardano with 0.46 percent to rupees 85.16 and Avalanche rose 4.56 percent to rupees to rupees 7,644.04.

Polkadot also experienced a fall to 0.11 percent to rupees 1,547.43 and Litecoin was down 1.58 percent to rupees 9,932.51 in the last 24 hours. Tether was also seen a downfall of 0.1 percent to rupees 77.98. We saw a rise of 1.46 percent, while the Dogecoin was down by 0.45 percent to trade at rupees 11.65. Terra [LUNA] jumped by 0.24 percent to rupees 4,385.31.

No one-size-fits-all for central bank digital currencies
No one-size-fits-all for central bank digital currencies

El Salvador’s Bitcoin May Cause Risk to U.S. Financial System

Senators stated that ” El Salvador’s bitcoin may cause risk to U.S. financial system.” They also introduced legislation requiring the state department to write a report on El Salvador’s Bitcoin law and also to develop a plan to “mitigate potential risks to the U.S. financial system.

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” The law which is proposed is, the accountability for the cryptocurrency in El Salvador’s [ACES] act, It was introduced by Jim Risch [R-Idaho], Bob Menendez [D.N.J] who is ranking member and also the chairman of the Senate Foreign Relations Committee and Bill Cassidy [R-La].

The senators stated in a press release that El Salvador’s bitcoin law “raises significant concerns” and they also proposed legislation that gives the state department 60 days to produce a report on the Central American country’s adoption of bitcoin may pass the bill.

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Russian Ministers Trying to Legalize the Bitcoin Mining in Few Areas

The Ministry of Economic Development of Russia recently introduced a proposal to explicitly legalize and tax bitcoin mining in regions with an electricity surplus. It says Bitcoin mining, which exists in something of a legal grey area, must be recognized as a form of a “Commercial activity” and taxed once coins are converted into rubles. The proposal is designed in such a way that the country can benefit from mining.

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