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Category: Bitcoin City
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Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved in mass layoffs. Steve Hanke […]
Study Finds El Salvador Remains One of the Countries Most Interested in Bitcoin
A recent study that examined the interest of several countries in bitcoin and crypto ranked El Salvador as second for having the most interest in the issue. While the U.S. was still ranked first, El Salvador’s high rank comes amidst criticism President Nayib Bukele has drawn from Salvadorans for his push for bitcoin adoption. El […]
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El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF
The IMF has suggested that El Salvador “reconsider” its plans for Bitcoin, following a recent visit to the country.
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El Salvador Approves Digital Assets Issuance Law
The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed thanks to the majority that President Nayib Bukele has in Congress, serves as a base for the issuance of the long-expected volcano bonds. El Salvador […]
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Reviewing El Salvador’s Bukele Predictions for 2022: What Went Wrong?
Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the cryptocurrency on U.S. elections, the issuance of the volcano bonds, and also the construction of Bitcoin […]
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Bitfinex CTO Paolo Ardoino States Salvadoran Bitcoin Bonds to Be Further Delayed
The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital […]
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‘Bitcoin Valley’ Launches in Honduras — 60 Businesses Accept BTC to Boost Crypto-Tourism
Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner. Bitcoin Valley: First […]
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Bitcoin-friendly Próspera hits back at controversy in The Guardian
Some residents have reportedly told the crypto-friendly city of Próspera to “go home” following the Honduran government’s repeal of the ZEDE legislation which enabled it.
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Bitcoin bond still on hold, El Salvador accused of human rights violations
El Salvador’s finance minister believes the ongoing price volatility of Bitcoin means the awaited “Bitcoin bond” won’t be launched anytime soon. Meanwhile the country faces a “human rights crisis.”
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El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister
The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets. According to Treasury Minister Alejandro Zelaya, […]
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