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Do you want to know what interesting things happened on the crypto markets of different jurisdictions? Read the current digest from CoinShark to find out if El Salvador will sell its bitcoins, what restrictions Israel has imposed on the use of cash, what infrastructure project Honduras has prepared for tourists.
El Salvador will not sell its bitcoins
According to the Minister of Finance, the use of cryptocurrency is growing rapidly in the country. The government plans to place BTC bonds worth $1 billion.
Recall that El Salvador is under pressure from the IMF and other international financial organizations to force the repeal of the bitcoin recognition law that came into force in 2021.
Israel partially bans cash
Israel further restricts the use of cash by guiding citizens towards digital payments. This could be good for cryptocurrency, many experts say.
The law to reduce the use of cash has been in force in the country since January 2019. From August 1, the following rules have been added to the list of restrictions:
- Business payments - no more than $1760.
- Personal settlements - no more than $4400.
In the future, it will not be possible to store more than $58,660 in the national currency (shekel) in the house.
The authorities of Honduras opened a tourist "Bitcoin Valley"
In the small town of Santa Lucia, a well-known resort center, more than 60 businesses will accept cryptocurrency.
The project is being implemented with the support of Blockchain Honduras, the Coincaex crypto exchange, the city of Santa Lucia and the local Technological University.
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