Tag Archives: El Salvador

In just three weeks, roughly one-third of El Salvador’s population has started to employ the Bitcoin wallet Chivo actively. As such, the country’s president updated that more people will soon be using the app than they have bank accounts in all local banking organizations combined. The smallest and most densely populated Central American country made history earlier this year when it announced it will legalize bitcoin within its borders. The move received many controversial...

Es gibt kaum eine Technologie auf der Welt, die derart die Meinungen der Menschen spaltet wie Kryptowährungen. Für die einen sind sie die große Erlösung, welche die alten Zahlungssysteme und die damit verbundenen Manipulationen der Regierungen beenden wird. Für die anderen dagegen sind Kryptowährungen nichts mehr als reine Spekulation, die am Ende garantiert zusammenstürzen wird. Was jedoch kein Mensch verleugnen kann, ist die Tatsache, dass Bitcoin und Co. immer mehr von den Massen...

El Salvador has been making huge headlines as of late. The country is among the first to declare bitcoin – the world’s number one digital currency by market cap – legal tender, meaning it can now be used to purchase items and services in the same way one might use fiat, credit cards, or even checks. El Salvador Might Be Doing Something Right However, the country has experienced some serious rollout issues, between people protesting that they don’t want life to change to...

Despite all the bitcoin rollout issues the country has been having as of late, El Salvador is not giving up on its crypto agenda, and the country has recently purchased as much as 150 additional BTC units. El Salvador Has Bought a Lot of BTC At the time of writing, the country boasts a stash of more than 700 individual bitcoin units, which are worth approximately $31 million at press time. This may not sound like much at first but considering that El Salvador is new to...

Bitcoin El Salvador: This country bought the dip Dips are for buying, don’t take our word for it, that’s some solid presidential advice. In a mere 3 days, Bitcoin lost 5,000 euros in value. A small, perfect dip if you were waiting for a buying opportunity. Apparently El Salvador was one of those waiting on the sidelines. The President let the world know they are stacking sats again. They can’t beat you if you buy the dip Buying the dip ? 150...

El Salvador is reporting that more than half a million residents are using the new Chivo wallet system, which is designed to assist in the country’s rollout of bitcoin as an official legal tender. El Salvador Doesn’t Have Much to Brag About This would be fine and dandy except for one thing… El Salvador has more than 6.5 million residents. Thus, many individuals are either still not trusting bitcoin enough to use the wallet, or there are too many problems with the...

El Salvador has announced that foreign bitcoin investors will not have to pay tax on the profits they make through cryptocurrency transactions. El Salvador Makes Things Easy for Foreign BTC Investors The news comes just a little over a week after the Central American nation declared bitcoin legal tender. El Salvador is the first nation to make such a move, and now it looks like several others – such as Paraguay – are interested in following in the country’s footsteps....

The Prime Minister of Estonia – Kaja Kallas – opined that the country should be very cautious about employing cryptocurrencies in its economic system. She added that even one of the leading digital asset exchanges – Coinbase – urged the government of the small Baltic nation to make Bitcoin legal tender. As of the moment, though, Kallas does not feel “positive about this.” Following El Salvador’s Move Is Not on The Horizon The recently elected Prime Minister of Estonia – Kaja...

According to a new YouGov poll, approximately one quarter of the people living in the United States are all for making bitcoin legal tender in the country. The Poll Shows One Quarter Are in Favor of BTC Spending The news comes after El Salvador became the first nation to instill BTC as legal tender on September 7. The country has long been dependent on USD, the native currency of the U.S. However, the nation appears to be interested in financial independence and is now...

Spekulanten aus dem Ausland haben die Chance, in El Salvador von Steuern auf ihre Bitcoin-Gewinne befreit zu werden, wenn man einem Rechtsexperten der Regierung in El Salvador Glauben Schenken darf. So plant das südamerikanische Land, Investitionen ausländischer Krypto-Nutzer zu fördern. Kürzlich informierte ein Regierungsberater die Presse darüber, dass Bitcoin-Gewinne in El Salvador nicht besteuert werden sollen. So sollen Unternehmern und Investoren einen weiteren Anreiz erhalten, in das...