The main cryptocurrencies such as Bitcoin or Ethereum plummet more than 10 percent this Friday, after the
At around 12 noon, the Bitcoin lost 11.49 percent and has a value of
What does the Bitcoin Law mean for
The collapse of cryptocurrencies is due to the fact that the
According to the institution, both Bitcoin and Ethereum, and other virtual currencies, do not have the same value as a legal and traditional currency, so they cannot be considered as such to pay or buy any product.
So far, financial authorities such as the Ministry of Finance, the
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According to Díaz de León, in order for these currencies to work as a payment method they must be a “good” means of payment, be used in all economic sectors and have a monetary backing.