The World Needs Bitcoin
In some parts of the world, regulators are attempting to protect citizens from the volatility of cryptocurrency markets. In other places, regulators are experimenting with their own systems that will inevitably show them the value in Bitcoin. Luckily, in many parts of the world, Bitcoin expansion marches on.
📝 Today's Rundown
  • 🇪🇺 EU Regulations: Banks will be required to hold one euro in fiat for every euro in bitcoin held.
  • 🔬 Russia, Iran Experiment: The two countries will find out why Bitcoin is their best option.
  • 🇨🇭 Relai Business: Swiss Bitcoin app is launching an OTC service aimed at businesses.
A Bitcoin 2023 Treasure Hunt
Each week leading up to April 2023, a single-use unique code in the format of "BMDAILY50[X]" (with [X] being varying bitcoin terms) will appear in a random daily newsletter hidden within the content. The code will get the lucky winner 50% off tickets to the Bitcoin 2023 Conference in Miami, happening May 18-20.
  • Fiat payments only
  • Applicable to GA Pass only
  • Limited time offer
Be sure to check the daily newsletters as soon as you receive them to try and win! 
Learn More
🇪🇺 EU Regulations

EU Lawmakers Vote To Impose Strict Capital Requirements On Banks Holding Bitcoin And Crypto 
By BtcCasey                             

EU lawmakers have voted to impose strict capital requirements on banks holding cryptocurrencies, requiring them to have one euro in capital for every euro in crypto held, in an effort to prevent instability in the crypto world from spilling over into the financial system.

The regulation mirrors that suggested by the Bank for International Settlements' Basel Committee, which also suggested a 2% limit on tier 1 capital held in unbacked cryptocurrencies.

Bitcoin 2023 Discount Treasure Hunt: BMDAILY50BIT

The measures must still be approved by the European Parliament and presented to the Council of the European Union for them to go into effect.
Read The Full Article

🔬 Russia, Iran Experiment

After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin
By Q Ghaemi

Iran and Russia's attempt to create a stablecoin backed by gold to settle trade is doomed to fail. Experimental monetary systems that seek to base themselves off commodities will lead them to the realization that Bitcoin is the solution they need.

Iran has already completed a $10 million trade using Bitcoin, while Russia has reversed its stance on cryptocurrencies and is allowing international settlement in them without restrictions.

Both countries have been on the receiving end of U.S./Western sanctions, leading them to trust no one — especially in the world of finances.
Read Full Article
Get Your Tickets Here!

📰 The Daily Bits
🤝 Bitcoiners want to help other people adopt bitcoin. There are many methods to do this, but in-person conversations work best.

🎨 Bitcoin can help facilitate payments for artists just as digital artists bring awareness to the use cases of bitcoin.

🌴 Join us for the largest Bitcoin conference in the world in Miami Beach, May 18-20! 
Learn More

🇨🇭 Relai Business

Swiss Bitcoin App Relai Now Allows Companies To Buy Bitcoin
By BtcCasey

Swiss non-custodial Bitcoin app Relai has launched a new OTC service, Relai Business, which will allow small to medium-sized businesses to purchase bitcoin quickly and securely.

This is the app's second private service, with their first being aimed at high net worth individuals.

The app also recently received a complete overhaul, including a simpler buy-flow and enhanced UX, as well as support for VISA, Mastercard and Apple Pay.

Relai provides non-custodial wallets, allowing users to retain control over their own keys and full sovereignty over their bitcoin, although the most secure way to store bitcoin is always in cold storage using a dedicated hardware device.
Read Full Article

MEME OF THE DAY 

By @TheBitcoinConf

These Rare Pepes combine to make the face of Dorian Nakamoto, who has traditionally represented the face of Satoshi Nakamoto. 

The Bitcoin community is a fun, wholesome place where people who are thrilled about the potential changes Bitcoin can bring to the world can celebrate Satoshi Nakamoto's design.

Have a great Wednesday,
@BtcCasey

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