Search Results for "el salvador"
Bitcoin Economy Gives El Salvador Village Hope Amidst COVID-19
Despite being heavily impacted by the COVID-19 pandemic, a small beach town in El Salvador, dubbed El Zonte, have strived to keep their economy afloat with the integration of Bitcoin as a digital currency.
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.
El Salvador Buys the Dip for another 150 Bitcoins
Despite missing the bottom by seven minutes, President Nayib Bukele of El Salvador announced that the Central American nation still bought 150 new Bitcoins at the $48K level.
iFinex Collaborates with El Salvador Government to Develop Digital Asset and Securities Framework
iFinex, the parent company of Bitfinex, partners with El Salvador to create a robust legal framework for digital assets and securities.
Mi Primer Bitcoin's Global Expansion: Educating Thousands on Bitcoin (BTC)
Mi Primer Bitcoin, a non-profit educational organization from El Salvador, aims to educate 100,000 students globally on Bitcoin through its decentralized Light Node network.
Bitfinex Securities Introduces Express Onboarding for Salvadoran Residents
Bitfinex Securities launches express onboarding for Salvadoran residents, simplifying access to tokenized securities under El Salvador's regulatory framework.
Tether Secures License in El Salvador to Enhance Global Bitcoin Adoption
Tether acquires a Digital Asset Service Provider license in El Salvador, positioning itself in a Bitcoin-friendly environment to foster innovation and expand its reach in emerging markets.
El Salvador Eliminates Taxes on Technology Innovations
El Salvador has eliminated all income, property, and capital gains taxes on technology innovations, including software programming, coding, apps and AI development, as well as computing and communications hardware manufacturing. This move supports the country's ongoing efforts to expedite technological development, including the establishment of the National Bitcoin Office (ONBTC) to conduct joint initiatives with Bitcoin entrepreneurs and companies.
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.
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.
El Salvador's Crypto Law Allows Bitcoin-Backed Bonds
Legislation authorizes a Bitcoin-backed bond to pay down national debt and build "Bitcoin City". After President Bukele ratifies the measure, it will become law. The bonds are expected to generate $1 billion for the government, half of which would fund the special economic zone.
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.