"Historically, Fed taper has been a headwind for bitcoin," one fund manager said.
Bitcoin slipped below $50K and will likely consolidate this week, analysts say.
In contrast to the original law, the government will not force any of the nation’s residents to receive the cryptocurrency…
Bitcoin surely doesn't "fix" Afghanistan, but it "could play a very important role” as an alternative financial system.
The bank also said it would only capture general data for its economic analysis and assessments.
"I've not seen any use case other than funding illicit activities like drugs and prostitution," the central banker said.
Insurance companies and investment houses might be required to detail and justify any investments linked to bitcoin.
Analysts said the market doesn't have much of an appetite now for bitcoin above $46,000 or for a massive selloff.
The pilot program was originally supposed to launch in May, but was delayed for unspecified reasons.