- June 30, 2021
- Posted by: Stratford Team
- Category: Business
An employee selects the “Buy Bitcoin” option on a cryptocurrency automated teller machine (ATM) … [+] during a demonstration at the Hong Kong Digital Asset Exchange Ltd. digital currency trading store in Hong Kong, China, on Thursday, June 24, 2021. Hong Kong Digital Asset Exchange is a cryptocurrency platform and is the first to combine online and physical exchange in Hong Kong. Photographer: Paul Yeung/Bloomberg
© 2021 Bloomberg Finance LP
By Erik Sherman
The good news for crypto currency is that El Salvador decided to adopt it as legal tender and the Basel Committee on Banking Supervision issued a proposal to let banks handle digital assets like Bitcoin.
The bad news for corporations? Multiple. When something is legal tender, you must have a way to handle it the banking proposal shows how unpredictable the values of cryptocurrencies are, a major crypto exchange is getting hit hard by countries refusing to allow it entry, and, as Tesla…