Tag: currency

6 Surprising Facts About the US Dollar

Most people in this world will come in touch with fiat currency in one way or another. Even so, the vast majority of those individuals hardly ever wonder about the aspects of physical money, especially where US Dollar bills are concerned. The following fun facts and interesting tidbits of information show a US Dollar bill is not as bland as it may seem. Where Are the $100 Bills? The Federal …
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John Williams Claims Bitcoin Can Never Become a Proper Currency

It has become apparent that the state of New York does not take kindly to cryptocurrencies. In fact, it is one of the most hostile places in the world to set up a Bitcoin enterprise right now, which is not a positive development. This sentiment is reflected in potential New York Fed President John Williams’ recent comments on the future of Bitcoin and other cryptocurrencies. What Does the Future Hold for Bitcoin? When it …
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Israeli Government Will Charge Taxes To All Profitable Cryptocurrency Activities

The devoted community of cryptocurrency enthusiasts will now have a good perspective on what bitcoin-related laws will apply in the country. Israeli tax authorities issued a document establishing that cryptocurrencies cannot be considered as financial bonds nor as legal tender payment methods, but are in fact taxable assets – just like in the US. The legal situation of Bitcoin has always been the cause of concern in some countries around the world. …
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The Venezuelan Government Recalls the Highest Denomination Bill in Circulation

In a shocking announcement, President Nicolás Maduro has ordered that the highest bill in circulation, the 100 Bolivar note ($0.025), be taken off the streets in less than 72 hours. The President argued that the banknotes are being smuggled out of the country by local mafias and powerful economic “enemies”. Venezuela’s president has been denouncing the “mafias”, which –according to him and his staff–have been extracting currency bills outside the …
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