el salvador News and Articles

Andrew Bailey, the governor of the Bank of England expressed concerns related to El Salvador's Bitcoin legalization. According to a report by Bloomberg, during the Cambridge University student union on November 25, the governor said he is worried that El Salvador would choose Bitcoin as its...

The El Salvadorian government has struck a deal with Blockstream and iFinex (the parent company of Bitfinex and Tether) to place a $ 1 billion bitcoin bond on the Liquid Network. Half of the proceeds from the sale of bonds will be directed to the development of the infrastructure for mining the...

El Salvador’s president Nayib Bukele, informed that the country has added 420 Bitcoins worth about $25 M. The price per coin was about $59.500. Bukele informed that the country has already benefited from the BTC it brought as, after the purchase, the BTC price grew. It was a long wait, but worth...

In early September, a law came into force in El Salvador recognizing bitcoin as a legal tender. The adoption of this landmark document was initiated by the country's President Nayib Bukele. He periodically tweets about the process of adopting cryptocurrency by the citizens of El Salvador. At the...

El Salvador’s president Nayib Bukele's step of Bitcoin legalization and making local businesses support the coin didn’t get approval of Vitalik Buterin. Although Bukele tweeted in September that BTC would not be forced on everyone, Article 7 of the Bitcoin Law states that every business...

On October 10, El Salvador's president Nayib Bukele tweeted about building a pet hospital with funds raised after Bitcoin adoption. Bukele mentioned that after Bitcoin legalization, the price of the coin saw gains and brought profits of $4 M to the country. The President tweeted that in just 20...

After El Salvador became the first state in the world to officially recognize bitcoin as legal tender, discussions of this event only continue to gain momentum. Media, analysts, and financial experts from all over the world are closely monitoring developments in El Salvador and how this innovation...

Many citizens of El Salvador did not support the decision of the authorities to recognize bitcoin as a legal tender. The country even held protests against the cryptocurrency law. A poll by Sherlock Communications showed that more than half of Latin American residents know almost nothing about...

In early September 2021, a law came into force in El Salvador recognizing bitcoin as a legal tender. In this Latin American state, the number of cryptocurrency terminals has increased dramatically. By expanding the bitcoin infrastructure, President Nayib Bukele expects to increase citizens' loyalty...

El Salvador's authorities are considering options to ease the tax regime for all cryptocurrency investors. Bitcoin holders will be exempt from income tax even if they make large profits from trading with this asset. Javier Argueta, who holds the post of legal adviser to Salvadoran President Nayib...

Bancoagrícola, one of the largest banking institutions in El Salvador, will provide a service for processing bitcoin transactions. Recall that in this Latin American country a law came into force this week recognizing bitcoin as a legal tender. Bancoagrícola’s management is going to partner...

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...

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,...

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...

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...

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....

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...

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...