EL SALVADOR
El Salvador Lawmakers Passes $150M Bitcoin Trust Fund into Law
El Salvador parliament has passed the Bitcoin Trust Fund proposal into law.
Central American Countries Eager to See if El Salvador’s Bitcoin Cut Remittance Costs
Central American countries closely pay attention to see if El Salvador’s Bitcoin adoption could reduce the cost of remittances.
El Salvador Standing by to Rollout 200 ATMs for Converting Bitcoin to Cash
El Salvador is preparing to launch the initial 200 ATMs that will enable conversion of Bitcoin to cash. President Bukele said that the use of Bitcoin will not be mandatory.
Fitch Warns El Salvador’s Bitcoin Adoption Will Hurt Local Insurers’ Credit Ratings
Fitch Ratings has warned El Salvador that its bitcoin adoption plan poses serious risks to local insurance companies.
JPMorgan: El Salvador to Face multiple Obstacles on the way to Implement Bitcoin as Fiat Money
JPMorgan Chase, citing a report, stated that El Salvador’s designation of Bitcoin as legal tender would bring various obstacles to its country, questioning the robustness of the payment mechanism.
More than 75% Salvadoran Distrust in Bitcoin as Fiat Money, Poll suggests
A poll shows that more than three-quarters of Salvadorans are sceptical towards the implementation of Bitcoin across the country, according to Reuters, citing a survey released Thursday.
Paraguay Introduces Bill to Make Bitcoin Legal Tender
Paraguay lawmaker has tabled a motion in pursuing Bitcoin as legal tender, hoping that the country will become another country to use cryptocurrency after El Salvador.
El Salvador Airdrops $30 for Bitcoin Handout, BTC Will Become Legal Tender in September
El Salvador's President Nayib Bukelet announced that Bitcoin will officially become legal tender on September 7 and will airdrop $30 in Bitcoin to the public.
World Bank Refuses El Salvador’s Request to Assist Bitcoin Currency Adoption
The World Bank rejects offering technical assistance for El Salvador to implement its Bitcoin adoption agenda given environmental and transparency concerns.
CABEI Offers Assistance to Support El Salvador’s Bitcoin Adoption
The Central American Bank for Economic Integration (CABEI) disclosed that the institution would offer assistance to El Salvador to enable Bitcoin as flat money.
IMF Concerns El Salvador Bitcoin Adoption as Legal Tender
The International Monetary Fund (IMF) expressed their concerns over the recent adoption of legalising Bitcoin (BTC) as a legal tender in El Salvador.
El Salvador President Proposes Volcanic-Powered Bitcoin Mining System
El Salvador is considering building a Bitcoin mining hub around its volcanoes.
El Salvador Becomes the First Country to Accept Bitcoin as Legal Tender
El Salvador has just become the first country to adopt bitcoin as legal tender. El Salvador President Nayib Bukelet welcomed the adoption and said that is a historical moment.
Scholar Disagrees BTC as the medium of Legal Tender
Roger Svensson, Associate Professor of the Institute of Industrial Economics, suggests that Bitcoin (BTC) is unsuitable as a medium of flat money for international currency.
El Salvador Seeks To Be The First Country To Legalize Bitcoin as Legal Tender
El Salvador President Nayib Bukele intends to introduce a bill that would make Bitcoin legal tender.