Tag: El Salvador

The Minister of the Economy for El Salvador has introduced a bill, clearing the way for the country to issue bitcoin-backed "volcano" bonds.

After one year of adopting Bitcoin as a legal tender, El Salvador has doubled down on its push for crypto asset regulation in the region

Nayib Bukele, the President of El Salvador has drawn a line between FTX and the world's largest cryptocurrency by trading volume Bitcoin

St Kitts and Nevis may be the next sovereign state to legalize digital currencies, specifically Bitcoin Cash (BCH) by 2023

According to reports, the President of El Salvador has dispelled the claims that his government has its bitcoin storage on the exchange FTX.

The president of El Salvador Nayib Bukele has predicted that a more decentralized system will eventually replace the central banking system.

After installing 43 crypto ATMs in 2022, Spain is officially the third largest crypto ATM hub displacing El Salvador to clinch the position

Softnotes make it easier for merchants to accept Bitcoin and are enabled by the world’s fastest blockchain

El Salvador’s long-term foreign currency issuer default rating (IDR) was reduced by Fitch Ratings from “CCC” to “CC,” citing the country’s “dire” liquidity condition as its January bond maturity date gets closer. The decision is in line with Fitch’s assessment that country’s “tight fiscal and external liquidity positions, extremely limited market access, high fiscal financing […]

El Salvador, the first country to adopt Bitcoin as its legal currency, is receiving praise as well as criticism from all over the world. The finance minister Alejandro Zelaya recently defended the country’s strategy that has been recently challenged by many in the crypto space amid the crypto winter season. During a recent interview with Bloomberg, […]

Crypto exchange platform Bitfinex has recently donated 36 Bitcoin (BTC) units worth around $726,000 and 600,000 Tether (USDT) to early-stage small businesses and entrepreneurs. The move comes under its pledge to support economic growth in the neighborhood that have previously struggled with violence related to gangs. #Bitfinex has donated 36 $BTC and $600K in $USDT […]

The world’s first country to accept bitcoin as its legal currency, El Salvador, is still struggling to issue the much-awaited Bitcoin bonds because of heavy market downfall, according to the Finance Minister of the nation. During an interview, Finance Minister Alejandro Zelaya said that it was not yet time to bring the Bitcoin bonds, so-called Vulcano […]

Since the beginning of the year, April 2022 has become the fourth consecutive month of a decline in the Bitcoin ATM installment process. BTC ATMs play an important role in the BTC economy, allowing users to physically retrieve or deposit their BTC holdings against cash reserves. Bitcoin ATM installation count going down According to Coin ATM Radar, the […]

The president of El Salvador, who is the rising star among small countries that are aiming to solidify their economy, Nayib Bukele commented on the news that the highly-talked Accountability for Cryptocurrency in El Salvador Act (ACES) has passed the U.S. Senate Foreign Relations Committeeand is now waiting for a full Senate vote. The national […]

El Salvador, which is a source of motivation for many countries, might see a delay in its highly-talked $1 billion Bitcoin bond, which is also called “volcano bond.” The reason behind this delay is mainly the volatility in the international conditions. The finance minister of the country, Alejandro Zelaya, who previously informed the world that the […]

El Salvador, the country that is the rising star in the eyes of every Bitcoin supporter, has seen a slow BTC adoption rate since the country recognized it as legal tender in September last year. As per a survey by the Chamber of Commerce which polled 337 companies between January 15 and February 9, only 14% of […]

El Salvador has been constantly in the headlines since it adopted Bitcoin as its legal tender in September 2021, alongside the U.S. dollar. The move has not only resulted in tremendous growth of its gross domestic product (GDP) but also of local tourism development. El Salvador sees a surge of 30% in tourism activities The […]

Central American nation, El Salvador, is looking at reforming its laws such that foreign investors coming into the country can gain citizenship by investing in the economy. Taking to Twitter, the country’s President, Nayib Bukele made this revelation, noting that he would be sending a total of 52 reforms to Congress to address some of […]