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el salvador News and Articles



Hoskinson

Hoskinson: El Salvador accelerates global adoption of BTC

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The leader of the Cardano development team, Charles Hoskinson, believes El Salvador has launched the process of mass adoption of bitcoin around the world. Following this Latin American state, other countries will follow suit. The legalization of BTC strengthens the position of those experts and...

Bitso

Bitso is the main partner of the state BTC wallet of El Salvador

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Around the development and direct launch of the state cryptocurrency wallet of El Salvador - Chivo, a variety of gossip and rumors have been circulating for a long time: from allegations of money laundering to financing corruption. However, apart from the assumptions and guesses of the small media,...

El Salvador Bitcoin

El Salvador Legalized BTC with 400 Coins in Its Holdings

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Nayib Bukele, the president of El Salvador disclosed on September 7 that the country acquired another 200 Bitcoins ahead of the legalization of the cryptocurrency. Thus, the total number of Bitcoins owned by El Salvador reached 400. At current prices, it's worth over $21 M, as Bitcoin trades at...

IMF

IMF calls on El Salvador to abandon the legalization of BTC

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In mid-June, the International Monetary Fund criticized the actions of the El Salvadorian leadership legalizing bitcoin. According to the representative of this organization, Jerry Wright, the recognition of cryptocurrency as a means of payment creates a dangerous precedent. The stability of the...

El Salvador

In El Salvador protests began against the legalization of BTC

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Residents of El Salvador protested against the country's first cryptocurrency legalization. They are worried about the rise of corruption. The Salvadoran Association of International Freight Carriers has demanded an amendment to the bill, removing the obligation to accept digital gold as payment....

El Salvador's president

Bitcoin use in El Salvador will be voluntary

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Last week, the Ministry of Finance of El Salvador said that the legalization of bitcoin does not mean that the use of cryptocurrency will have to be compulsory. Each citizen will decide whether he should keep BTC or use it as a payment instrument. Now the President of El Salvador Nayib Bukele has...

El Salvador

Ministry of Finance of El Salvador thinks use of BTC will be optional

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Many international organizations have criticized the decision of the El Salvadorian authorities to legalize bitcoin. This week, the Minister of Finance of the Latin American state, Alejandro Zelaya, reacted to internal and external criticism. According to him, the use of bitcoin in El Salvador will...

El Salvador

Colombian official adviser commented on decision to legalize BTC

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In June 2021, El Salvador’s parliament passed a landmark bill allowing bitcoin to be used as a means of payment. It was initiated by the country’s President Nayib Bukele. Many politicians and experts from various Latin American countries supported this move. Colombian presidential adviser...

Bank of America

Bank of America thinks El Salvador will profit from BTC legalization

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Many financial structures reacted extremely negatively to the decision of the El Salvadorian authorities to legalize bitcoin. The negative opinion was presented by the IMF and the World Bank. By contrast, the giant Bank of America believes the country could benefit from such a move. The bank's...

Moody's

Moody's downgrades El Salvador over Bitcoin legalization

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In the early summer of this year, the El Salvadorian authorities adopted a law recognizing bitcoin as a legal tender in the country. Such a step by the Latin American state drew criticism from both international organizations and the public of El Salvador. During the last week, Moody's expectedly...

El Salvador

Salvadorans opposed recognition of BTC as a means of payment

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In early summer, El Salvador's parliament made a landmark decision, backing the presidential bill to legalize bitcoin. However, society was ambiguous about the recognition of cryptocurrency as a legal tender. Many Salvadorans have taken to the streets to demand that the law be repealed. The...

El Salvador JPMorgan

JPMorgan Says El Salvador May Face Restrictions in Using BTC

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Global investment bank JPMorgan finds El Salvador may face difficulties with Bitcoin's use cases as a means of exchange. In a report published on Thursday, the bank said the difficulties may appear, as lots of BTC is tied up in illiquid institutions, 90% of the owners remained the same through a...

USA

USA urges El Salvador to ensure robust BTC regulation

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In early June of this year, the Parliament of El Salvador adopted a bill on the legalization of bitcoin, initiated by the team of the country's President Nayib Bukele. However, international financial organizations represented by the World Bank and the IMF criticized this decision by the...

Bitcoin

Salvadorans can choose a crypto wallet to receive BTC

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At the end of last week, the President of El Salvador Nayib Bukele promised to give out $ 30 in bitcoin to all residents of the country. Then it became known that the state would send this cryptocurrency to Chivo crypto wallets. The developers of this service have become official partners of the El...

El Salvador

El Salvador's officials will distribute citizens $30 in BTC

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In early June, the El Salvadorian parliament supported the president's initiative and passed a law to legalize bitcoin. The country's authorities went even further and promised each citizen to transfer $ 30 in BTC. However, to do this, the person needs to install an official Bitcoin transaction...

El Salvador

El Salvador required to repeal law on legalization of BTC

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In early June this year, the El Salvadorian parliament supported a bill recognizing bitcoin (BTC) as a legal tender. The adoption of such a document was initiated by the country's President Nayib Bukele. However, local opposition forces spoke out categorically against this law coming into force on...

El Salvador

El Salvador prepares to legalize bitcoin

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El Salvador could be the first country in the world to recognize bitcoin as legal tender. The corresponding bill was prepared by the team of the President of this Latin American state, Naib Bukele. The text of the document will be published this week. At the Bitcoin 2021 conference in Miami, Jack...

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