Tag Archives: El Salvador

The International Monetary Fund (IMF) has stated that the risks surrounding bitcoin use in El Salvador have not necessarily shown themselves yet. However, the agency has reported it’s necessary to stay aware and that El Salvador still warrants both attention and transparency. The IMF Is Still Worried About El Salvador and BTC El Salvador – which at one point was one of the smallest nations in the world and didn’t strike fear or interest in many people’s hearts – has...

The President of El Salvador – Nayib Bukele – disclosed that the country’s tourism sector has increased by 95% since it embraced bitcoin as an official means of payment. He criticized some central banking institutions, including the Federal Reserve, claiming their policies have washed out a big chunk of people’s savings. As such, Bukele expects a lot of individuals from the West to focus on decentralized financial instruments. ‘We Get Some Rebranding’ El Salvador’s political...

Alex Gladstein – CSO of the Human Rights Foundation – thinks bitcoin symbolizes some of the USA’s values based on the Declaration of Independence: free speech, property rights, and open capital markets. He argued that the primary cryptocurrency could thrive in democracies and struggle in totalitarian countries. ‘It’s Financial Privilege’  In a recent episode of Simply Bitcoin, Alex Gladstein presented himself as a keen advocate of the leading digital asset and pointed out its...

The skyline and Lady Bird Lake in Austin, Texas Foto CC 4.0 by Michael Barera Zur Förderung wirtschaftlicher Austauschprojekten, plant El Salvador die Eröffnung einer Bitcoin-Botschaft im US-Bundesstaat Texas. Dies teilte Milena Mayorga, die US-Botschafterin des Landes, via Twitter mit. Konkret ließ sie verlauten, dass es zu einem Treffen mit Joe Exparza, dem stellvertretenden Sekretär der texanischen Regierung gekommen sei. In den Gesprächen sei...

Milena Mayorga – ambassador of El Salvador to the United States – said the Salvadoran authorities might open a bitcoin embassy in Texas. The central American nation has already introduced a BTC office in the city of Lugano, Switzerland. The Second BTC Embassy Mayorga held a meeting with Jose “Joe” Esparza (Texas Deputy Secretary of State) to discuss the new initiative, outlining the financial connection between El Salvador and the region: “We discussed the opening of the...

Nandalal Weerasinghe – Governor of the Central Bank of Sri Lanka – rejected Tim Draper’s idea to eliminate corruption in the country by embracing bitcoin. The banker argued that adopting the primary cryptocurrency could worsen the economic situation of the nation. Dismissing the Bitcoin Concept The American venture capital investor recently visited Sri Lanka to shoot an episode of his TV show “Meet the Drapers.” He also held discussions with the President of the country –...

El Salvador has announced a new law that will place crypto regulation duties in the hands of both state and private entities. The idea is that these entities will hold sway over any digital currencies (except for bitcoin, which has already been declared legal tender in the country) and how they are issued within the borders of the Central American nation. El Salvador Is Working Its Way Up the Crypto Regulation Ladder The goal of the bill is to potentially attract outside...

The LOOP Design Awards reportedly recognized the Bitcoin City of El Salvador’s government as one of the most outstanding projects in interior design and architecture.  When completed, the metropolis will use the energy released from the Conchagua volcano to power itself and BTC as its currency.  Bukele’s Dream City Gets an Award According to recent coverage, El Salvador’s urban project stood out among 700 proposals. The jury outlined its innovative interior style, while the...

Bitcoin befindet sich in Brasilien auf dem Vormarsch. Auch in anderen südamerikanischen Ländern erfreuen sich Kryptowährungen zunehmender Beliebtheit. So wurden Kryptowährungen Ende 2022 als Zahlungsmittel in Brasilien legalisiert. Für viele stellt dies einen grossen Schritt dar, wenngleich es nicht zu verwechseln ist mit der Einführung von Bitcoin als offizielle Währung, wie es beispielsweise in El Salvador der Fall ist, wo Händler sogar dazu verpflichtet sind, Bitcoin als Zahlungsmittel...

Als erstes Land auf der Welt hat El Salvador im Jahr 2021 den Bitcoin als gesetzliches Zahlungsmittel eingeführt. Seither lässt der exzentrische Staatschef Nayib Bukele wenig Gelegenheiten aus, die digitale Devise zu bewerben, wohl auch, um ausländische Investoren anzulocken. Wie aus einer neuen Infografik von Block-Builders hervorgeht, wird die Einführung bis dato sehr skeptisch betrachtet. Yesterday, El Salvador demonstrated that the big media, the “experts”, the financial analysts and the...