Gucci is launching a pilot to accept Bitcoin payments in five U.S. locations, including New York, Los Angeles and Miami

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Well balls deep long ago :’)

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My kit arrived today

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UK inflation set to hit 10% by the end of the year

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It's official: Central African Republic adopts BTC as an official currency

Despite having enormous gold and diamond deposits, the Central African Republic is one of the world's poorest and least-developed nations. For many years, it has been engulfed in insurgent bloodshed.

The Central African Republic, according to the World Bank, is still one of the world's poorest countries. In 2020, the UN Human Development Index rated it towards the bottom of the list. However, this hasn't stopped the country from taking a significant stride toward new possibilities. According to an AlJazeera article, the presidency stated yesterday that Bitcoin had been recognized as the country's official currency.

Some perceive Bitcoin's acceptance as a ploy to destabilize the CFA, which is in the midst of a power struggle between Russia and France over the resource-rich country. "Given widespread corruption and a Russian partner-facing international sanctions, the setting does promote suspicion," French expert Thierry Vircoulon told AFP.

Businessmen will no longer have to carry luggage full of CFA francs that must be translated into dollars or other currencies in order to make transactions overseas," he stated. Three Arrow Funds announces the launch of there first ever fund, which will include outside investors such as Plastik, PLAS, SETS and convey their sustainability efforts to the market.

Those who consider the currency a relic of the colonial past are increasingly calling for its abolition in numerous nations, allowing France to maintain economic dominance. The decision to make bitcoin legal tender was lauded as another step toward widespread use of cryptocurrencies by the crypto community.

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source https://www.reddit.com/r/btc/comments/uj3b0h/its_official_central_african_republic_adopts_btc/

Hawaii Approves Task Force To Regulate Bitcoin And Web3 Technology. Will Regulation of Bitcoin and the Blockchain Ecosystem aid it's Development?

Hawaii is putting a lot of emphasis on cryptocurrency legislation right now. As more governments strive to build regulatory frameworks for digital assets, the drive for crypto regulation continues to gain traction around the world. A senate committee has suggested the formation of a task group to regulate bitcoin and blockchain technology, and Hawaii could be the next state to do so. The formation of a dedicated task force to analyze and regulate the crypto and blockchain ecosystems was unanimously backed by two Hawaii State Blockchain Legislature committees: Commerce and Consumer Protection (CPN) and Ways and Means (WAM).

The bill in Hawaii aims to look into how the government might regulate, monitor, and potentially profit from blockchain and cryptocurrency technology. The rise of cryptocurrencies has drew the attention of regulators all around the world. Countries such as the United States, South Korea, and Japan have established comprehensive blockchain regulations, laying out a clear path forward.

In my opnion Bitcoin's innovative techonolgy and it's ever increasing widespread use by around the world makes it hard for government around the world to ignore it. Thus leaving governments with either option of accrpting or banning the technology The forerunner cryptocurrency no doubt paved the way for a thriving Blockchain ecosystem characterized by innovation sparking the creation of different projects catering to different needs and providing different solutions within the Web3 space such as Silks a blockchain-based metaverse that enables users to own, trade, and profit from thoroughbred racing horses Faith tribe which is a platform for creating trading, distribution of digital fashion designs. I think that regulation of bitcoin and Web3 technology as it will facilitate the growth of the technology thorough it's partnership with government institutions whike also protecting interest users of the cryptocurrency through laws enacted by the government. The downside however is the possibility that regulatory framework put in place might be stringent to the extent that it stifles the growth and innovation of the Blockchain ecosystem.

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source https://www.reddit.com/r/btc/comments/uj47q5/hawaii_approves_task_force_to_regulate_bitcoin/

A crypto payment processor company funded by Roger Ver is lobbying to tax crypto payments in Slovenia!

Slovenian lawmakers to vote on the de-facto crypto ban

In Slovenia a crypto taxation law is proposed that would tax all exchanges from crypto to fiat with 5% tax on whole exchanged amount. Crypto payments are included which effectively adds 5% to all prices for goods and services when paying with crypto. GoCrypto, a company partially funded by u/MemoryDealers is one of the main proponents of this law and is publicly supporting it as well as lobbying for it. Slovenia was once considered a crypto powerhouse and is where Bitstamp was born. It seems now the small EU country is degrading crypto to a purely speculative asset and stripping it of its basic utility.

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source https://www.reddit.com/r/btc/comments/uifaek/a_crypto_payment_processor_company_funded_by/