el salvador News and Articles

In September 2021, a law came into force in El Salvador recognizing bitcoin as a legal means of payment. The initiator of its adoption was the President of the country Nayib Bukele. After that, the authorities of El Salvador periodically entered the market to purchase cryptocurrency to replenish...

El Salvador President Nayib Bukele said the country will provide over $200 M in infrastructure investments to upgrade Bitcoin Beach. The beach El Zonte was renamed Bitcoin Beach as it accepts Bitcoin. The place has become a tourist hotspot, and investments will serve for the construction of...

International financial institutions are persistently urging El Salvador to revoke its law regulating bitcoin, which went into effect last year. According to Finance Minister Alejandro Celaya in an interview with Bloomberg, the nation would not forsake BTC despite requests from the IMF and the...

On Thursday, June 30, the Salvadoran government purchased an additional 80 BTC for a total of $1.52 million, President Nayib Bukele announced this. “El Salvador bought 80 BTC today at $19,000 each. Bitcoin is the future. Thank you for the cheap sale,” Bukele wrote. On June 30, the rate of the...

In the fall of 2021, a law recognizing bitcoin as a means of payment began to operate in El Salvador. The initiator of the adoption of this document was the President of the Latin American state, Nayib Bukele. The Institute of Public Opinion at the José Simeón Cañas University conducted a survey...

The president of El Salvador, Nayib Bukele announced that the country added $15.5 M worth of Bitcoins to its balance sheet at an average price of $30,744. El Salvador just bought the dip! 🇸🇻500 coins at an average USD price of ~$30,744 🥳#Bitcoin— Nayib Bukele (@nayibbukele) May 9,...

The US Senate considers adopting a bill that as it describes would mitigate risks to the US financial system that it finds may come from El Salvador's adoption of BTC as legal tender. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the act on February 16. The bill would require...

The Salvadoran government made a decision to put off the launch of Bitcoin bonds as the current market conditions are unfavorable. Finance Minister Alejandro Zelaya talked about it during an interview with the TV show "Frente a Frente" President Nayib Bukele first revealed the plans to...

The president of El Salvador, Nayib Bukele, responded to the US Senators, who published a paper analyzing the country’s Bitcoin adoption. He said that the US congresspeople don't have any right over an independent country. Via a tweet, Bukele said that they should stay away from the country's...

Former US stockbroker, broadcaster, filmmaker, crypto investor, and the host of the program Keiser Report, Max Keiser supports El Salvador's Bitcoin policy. In an interview with Diario El Salvador, he said that El Salvador's making Bitcoin a legal tender offers a hopeful outlook for all economic...

New York-based credit rating agency Fitch lowered the long-term Foreign Currency Issuer Default Rating (IDR) of El Salvador from B- to CCC. According to Fitch, El Salvador's rating was lowered as a result of several factors, including the weakening of institutions, concentration of power in the...

El Salvador's President Nayib Bukele represents the bitcoin bull camp. He is confident that in the long term, the value of the cryptocurrency will increase, as this asset has a limited supply. It was his team that was able to achieve the legalization of cryptocurrency in the Latin American state....

Many international organizations and agencies are calling on the leadership of El Salvador to repeal the law recognizing bitcoin as legal tender. Recall that this document began to operate in the Latin American state since September last year. Since that time, El Salvador has been periodically...

The president of El Salvador, Nayib Bukele revealed that the country obtained 410 bitcoins for $15 M. The BTC price was around $36.580 at the time of the purchase. It's the lowest price since July 26, 2021. Earlier, Bukele tweeted that he would probably miss the dip this time. However, he changed...

El Salvador continues to increase Bitcoin’s role in the country’s economics. Currently, the government considers offering small and medium businesses $10 M in crypto-backed loans. The program will start in the first quarter of this year. Director at Technological Economic International Affairs...

The rating agency Moody's considers that the authorities of El Salvador made a big mistake by legalizing BTC. Analyst Jaime Reush expects the investment attractiveness of this Latin American state to decline. Crypto is a volatile instrument. El Salvador recognized BTC and began to invest its...

The president of El Salvador is at the center of discussions for his Bitcoin policy. In September El Salvador made Bitcoin legal tender, becoming the first country to do so. Along with this, the government has been adding its BTC holdings. President Bukele's move wasn't perceived well by everyone....

The president of El Salvador, Nayib Bukele made another Bitcoin acquisition on Dec. 21. Before the transactions, he tweeted that El Salvador’s total size is 21,000 km2. Bukele mentioned he doesn't think it's a coincidence. He added the Bitcoin hashtag and El Salvador's flag to the post. Bitcoin's...