Tag: Legal

El Salvador's Bitcoin Revolution: Two Years as Legal Tender

coiner

Two years have passed since El Salvador made history by becoming the first country to adopt Bitcoin as legal tender. In that short span, the nation has undergone remarkable changes and improvements. While some might consider it a mere coincidence, the most plausible explanation lies in the profound transformations initiated by the country, with Bitcoin at the heart of its rebranding and a notable shift in attitude among its citizens. This article explores the impact of Bitcoin’s legal tender status on El Salvador’s development, the challenges it has faced, and…

Read More

The race to build safe and legal coin mixers – Cointelegraph Magazine

coiner

When the U.S. government sanctioned coin mixer Tornado Cash, many thought it might spell the end for illicit crypto mixing services. But they’re back — and with a glossy new institutional sheen and legit use cases to help traders and funds keep their market moves a “trade” secret. Tornado Cash is what is known as a “mixer,” a “coin anonymizer” that breaks the identifying links in blockchain transactions, providing a certain degree of anonymity for users. The reasons people use coin anonymizers vary from criminality to ideology. Bad actors can…

Read More