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3232El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’
https://www.digit.info/el-salvador-establishes-national-bitcoin-office-to-manage-all-projects-related-to-the-cryptocurrency/
Sat, 26 Nov 2022 21:00:31 +0000https://www.digit.info/2022/11/26/el-salvador-establishes-national-bitcoin-office-to-manage-all-projects-related-to-the-cryptocurrency/Read more]]>After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s […]
]]>Central Africa Republic’s Bitcoin Adoption: The Real Work Must Start Now
https://www.digit.info/central-africa-republics-bitcoin-adoption-the-real-work-must-start-now/
Mon, 23 May 2022 08:00:55 +0000https://www.digit.info/2022/05/23/central-africa-republics-bitcoin-adoption-the-real-work-must-start-now/Read more]]>The Central Africa Republic (CAR)’s surprise bitcoin adoption decision once again shows that the top cryptocurrency can be an alternative to fiat currency. However, the African country still needs to invest heavily in its telecommunications infrastructure. The CAR also needs to prioritize education that helps the population to familiarize itself with cryptocurrency basics. The CAR’s […]
]]>Report: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks
https://www.digit.info/report-imf-says-central-african-republics-bitcoin-adoption-poses-risks/
Fri, 06 May 2022 08:30:45 +0000https://www.digit.info/2022/05/06/report-imf-says-central-african-republics-bitcoin-adoption-poses-risks/Read more]]>The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin Adoption Has Financial and Legal Issues The IMF has reportedly […]
]]>US Senate Committee Advances Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender
https://www.digit.info/us-senate-committee-advances-bill-to-mitigate-risks-from-el-salvador-adopting-bitcoin-as-legal-tender/
Fri, 25 Mar 2022 11:30:47 +0000https://www.digit.info/2022/03/25/us-senate-committee-advances-bill-to-mitigate-risks-from-el-salvador-adopting-bitcoin-as-legal-tender/Read more]]>The Senate bill to mitigate the risks from El Salvador adopting bitcoin as legal tender has advanced in the U.S. “As El Salvador has adopted bitcoin as legal tender, it’s critical we mitigate risks to our financial system,” said one of the U.S. lawmakers who introduced the bill. Bill to Mitigate Risks From Bitcoin Being […]
]]>Salvadoran President Nayib Bukele Expects Bitcoin to Experience a ‘Gigantic Price Increase’
https://www.digit.info/salvadoran-president-nayib-bukele-expects-bitcoin-to-experience-a-gigantic-price-increase/
Mon, 31 Jan 2022 16:30:37 +0000https://www.digit.info/2022/01/31/salvadoran-president-nayib-bukele-expects-bitcoin-to-experience-a-gigantic-price-increase/Read more]]>El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a “gigantic price increase.” Bukele stressed on Twitter that bitcoin is extremely scarce and there’s not enough bitcoin in the world for all today’s millionaires. Salvadoran President Says Best Time to Buy Bitcoin ‘Is When the Price Is Down’ […]
]]>Microstrategy CEO Advises Nigeria and Zimbabwe to Adopt Bitcoin Standard, Says BTC Is ‘Kingmaker’
https://www.digit.info/microstrategy-ceo-advises-nigeria-and-zimbabwe-to-adopt-bitcoin-standard-says-btc-is-kingmaker/
Tue, 19 Oct 2021 05:30:59 +0000https://www.digit.info/2021/10/19/microstrategy-ceo-advises-nigeria-and-zimbabwe-to-adopt-bitcoin-standard-says-btc-is-kingmaker/Read more]]>Microstrategy CEO Michael Saylor has suggested Nigeria and Zimbabwe issue currencies that are backed by bitcoin if they want to fix their economies. He surmised that using the bitcoin standard will end starvation and allow citizens of both countries to have a decent life. National Currencies Backed by Bitcoin In a video clip where he […]
]]>Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In
https://www.digit.info/report-says-western-union-could-lose-400m-if-el-salvadors-chivo-bitcoin-wallet-gains-traction-tim-berners-lee-weighs-in/
Fri, 10 Sep 2021 05:30:18 +0000https://www.digit.info/2021/09/10/report-says-western-union-could-lose-400m-if-el-salvadors-chivo-bitcoin-wallet-gains-traction-tim-berners-lee-weighs-in/Read more]]>The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet […]
]]>Salvadoran Government’s Chivo Wallet Experiences Hiccups, Some Residents Can’t Claim $30 BTC Reward
https://www.digit.info/salvadoran-governments-chivo-wallet-experiences-hiccups-some-residents-cant-claim-30-btc-reward/
Wed, 08 Sep 2021 19:30:16 +0000https://www.digit.info/2021/09/08/salvadoran-governments-chivo-wallet-experiences-hiccups-some-residents-cant-claim-30-btc-reward/Read more]]>On the day El Salvador implemented the bitcoin tender law, the official government wallet called the Chivo wallet had some initial issues for five hours on Tuesday. Residents could not leverage the application and had issues accessing the app on Apple’s App Store and Google Play. The situation seems to be resolved now as Salvadoran […]
]]>Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed
https://www.digit.info/bitcoin-legal-tender-in-3-days-but-survey-shows-7-out-of-10-salvadorans-want-bitcoin-law-repealed/
Sun, 05 Sep 2021 02:30:21 +0000https://www.digit.info/2021/09/05/bitcoin-legal-tender-in-3-days-but-survey-shows-7-out-of-10-salvadorans-want-bitcoin-law-repealed/Read more]]>Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion […]
After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s […]
The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin Adoption Has Financial and Legal Issues The IMF has reportedly […]
The Senate bill to mitigate the risks from El Salvador adopting bitcoin as legal tender has advanced in the U.S. “As El Salvador has adopted bitcoin as legal tender, it’s critical we mitigate risks to our financial system,” said one of the U.S. lawmakers who introduced the bill. Bill to Mitigate Risks From Bitcoin Being […]
El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a “gigantic price increase.” Bukele stressed on Twitter that bitcoin is extremely scarce and there’s not enough bitcoin in the world for all today’s millionaires. Salvadoran President Says Best Time to Buy Bitcoin ‘Is When the Price Is Down’ […]
Microstrategy CEO Michael Saylor has suggested Nigeria and Zimbabwe issue currencies that are backed by bitcoin if they want to fix their economies. He surmised that using the bitcoin standard will end starvation and allow citizens of both countries to have a decent life. National Currencies Backed by Bitcoin In a video clip where he […]
The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet […]
On the day El Salvador implemented the bitcoin tender law, the official government wallet called the Chivo wallet had some initial issues for five hours on Tuesday. Residents could not leverage the application and had issues accessing the app on Apple’s App Store and Google Play. The situation seems to be resolved now as Salvadoran […]
Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion […]