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Bolivian Central Bank Using Chinese Yuan for International Settlements


Economy Minister Marcelo Montenegro acknowledged that the Bolivian Central Bank is harnessing the Chinese yuan in its commercial settlements. The switch to using the Chinese currency has to do with the dollar scarcity that the country is facing, having to approve a law to sell part of its gold...

Bernstein: The U.S. Likely to Approve a Spot Bitcoin ETF


Brokerage firm Bernstein believes that there is a strong possibility that the US Securities and Exchange Commission will approve a spot Bitcoin (BTC) exchange-traded-funds (ETF).  In a research report released on Monday, Bernstein said the SEC is under increasing pressure to greenlight such...

Texas House Advances Gold-Backed Digital Currency Bill


Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would...

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