Category: Salvador
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Bitcoin Still Legal Tender In El Salvador?
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Samson Mo, CEO of Jan3, issued analysis One of the recent amendments to the Bitcoin Law in El Salvador, to shed the new light on whether bitcoin remains a legal tender in the country. While the El Salvaduri government has repeatedly emphasized that “everything is great”, MOW urges caution, indicating…
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El Salvador Is Still Bitcoin Country
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Follow Frank on x. El Salvador is still the country of Bitcoin, despite the fact that Bitcoin is no longer a legal tender in the country – at least in terms of sitting. Let’s start with some background on this issue. On January 29, 2025, the Legislative Assembly voted in…
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El Salvador Stays Bullish, Adds 5 Bitcoin To Its Growing Reserve
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El Salvador has once again increased bitcoin reserves, thus expanding its ambitious strategy of integrating the cryptocurrency into its national economy. The country’s total Bitcoin’s possessions in the country increased by five, up to a total of 6,055 BTC, which is valued at more than $ 600 million at current…
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El Salvador Passes Change to Bitcoin Law, Sparking Bond Gain
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(Bloomberg) – The dollar bonds in El Salvador in emerging markets increased on Thursday after legislators agreed to changes to the Bitcoin law in the country, which was necessary to secure an international cash fund loan. Most of them read from Bloomberg Government debt through the curve gained, with notes…
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El Salvador Ignores IMF, Bolsters Crypto Holdings
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In a dramatic gesture strengthening its position on Bitcoin, El Salvador has purchased 11 Bitcoin for its national reserves, which now stand at 6,044 units. This step comes in the wake of an agreement with the International Monetary Fund worth $1.4 billion, the terms of which include reducing some related…
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El Salvador Pushes Crypto Forward, Grants Bitfinex Derivatives License
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Bitfinex Derivatives has taken a big step forward by acquiring a Digital Asset Service Provider (DASP). Licensing in El Salvador. With this move, the platform can now offer more derivatives trading services in Latin America. Through this license, Bitfinex plans to leverage El Salvador’s support for cryptocurrencies to set up…
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Bukele Is The President of El Salvador, Not Bitcoin
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As a condition of the new IMF loan package, El Salvador’s President Bukele was forced to waive three aspects of the Bitcoin law passed in 2021: A legal tender mandate that requires companies to accept Bitcoin Shut down Chivo, state-run wallet and on/off service Tax payments in Bitcoin are no…
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El Salvador President’s ‘Rent-A-Volcano’ Bitcoin Mining Idea Ignites Crypto World
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For many years, Bitcoin has received complaints about its extensive power requirements and use of complex computer equipment. As such, the Bitcoin mining industry is constantly looking for ways to address the high power usage of cryptocurrencies without sacrificing their generation. President Nayib Bukele of El Salvador may have one…
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El Salvador Survey Shows Bitcoin’s Lindy Effect in Action
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Follow Nicholas on X here El Salvador’s misguided critics got some new ammunition this week. Modern reconnaissance It revealed that only 7.5% of Salvadorans use Bitcoin in transactions, and that 92% of Salvadorans do not use it. But while some (Steve Hanke) may look at these numbers and think “Oh,…
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El Salvador Seals $1.6 Billion Deal To Bring Bitcoin City To Life
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El Salvador is making headlines again as it embarks on a historic investment to renovate its port infrastructure, paving the way for an ambitious vision for a Bitcoin city. Yilport Holdings, owned by a Turkish company, Invested a whopping $1.6 billion In order to renovate and modernize two ports: Acajutla…
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El Salvador Seals $1.6 Billion Deal To Bring Bitcoin City To Life
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El Salvador is making headlines again as it embarks on a historic investment to renovate its port infrastructure, paving the way for an ambitious vision for a Bitcoin city. Yilport Holdings, owned by a Turkish company, Invested a whopping $1.6 billion In order to renovate and modernize two ports: Acajutla…
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El Salvador Suggests Crypto Payments For Trade With Russia
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In a bold move to navigate a complex web of global sanctions and financial restrictions, El Salvador has emerged as a pioneer in the world of crypto diplomacy. The Latin American nation, known for its pioneering adoption of Bitcoin as legal tender, has now set its sights on forging a…
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Trump’s Critique Of El Salvador Stirs Up Bitcoin Community Debate
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The Bitcoin community has been abuzz with debate following recent comments made by former US President Donald Trump at the Republican National Convention. In his speech, Trump took aim at El Salvador’s President Nayib Bukele, accusing him of exporting criminals to the US as a means of tackling crime in…
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Trump’s Critique Of El Salvador Stirs Up Bitcoin Community Debate
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The Bitcoin community has been abuzz with debate following recent comments made by former US President Donald Trump at the Republican National Convention. In his speech, Trump took aim at El Salvador’s President Nayib Bukele, accusing him of exporting criminals to the US as a means of tackling crime in…
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‘First Citizen’ Of Bitcoin City Departs El Salvador After Over Two Years Of Construction Delays
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Source: bitcoin.com El Salvador’s ambitious plan to build a city centered around Bitcoin, dubbed “Bitcoin City“, has faced its fair share of obstacles. However, despite the setbacks, Corbin Keegan, one of the self-proclaimed “first citizens” of this envisioned crypto haven, remains steadfast in his commitment to the project. This article…
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‘First Citizen’ Of Bitcoin City Departs El Salvador After Over Two Years Of Construction Delays
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Source: bitcoin.com El Salvador’s ambitious plan to build a city centered around Bitcoin, dubbed “Bitcoin City“, has faced its fair share of obstacles. However, despite the setbacks, Corbin Keegan, one of the self-proclaimed “first citizens” of this envisioned crypto haven, remains steadfast in his commitment to the project. This article…
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Argentinian Regulators Talk Bitcoin Adoption With El Salvador
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On Thursday, May 23, Argentina’s National Securities Commission (CNV) participated in discussions with El Salvador’s National Commission for Digital Assets (CNAD). This meeting highlights the growing interconnectedness between the two countries, with a particular focus on Bitcoin (BTC) adoption and regulation strategies. Will Argentina follow El Salvador’s Bitcoin path? Roberto…
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Argentinian Regulators Talk Bitcoin Adoption With El Salvador
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On Thursday, May 23, Argentina’s National Securities Commission (CNV) participated in discussions with El Salvador’s National Commission for Digital Assets (CNAD). This meeting highlights the growing interconnectedness between the two countries, with a particular focus on Bitcoin (BTC) adoption and regulation strategies. Will Argentina follow El Salvador’s Bitcoin path? Roberto…
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Max Keiser Explains How Tether and El Salvador Will Send Bitcoin (BTC) Price to $220K
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American broadcaster and Bitcoin supporter, Max Keizer, believes that the source of the stablecoin Tether and El Salvador, combined with the decline of the US dollar (USD), will push the price of Bitcoin to $220,000 soon. on saturday tweetKeizer said the US dollar is doomed because inflation “is going to…