It’s been two years since BTC/USD crashed to $3,600, and it is trading over ten times higher — but clouds, as ever, are looming large.
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Category: El Salvador
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Tonga’s timeline for Bitcoin as legal tender and BTC mining with volcanoes
The tiny Pacific nation of Tonga could have Bitcoin as legal tender by Q2 and Bitcoin mining by Q3 of 2023.
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Mexican senator to propose crypto law: ‘We need Bitcoin as legal tender’
Indira Kempis, a senator representing Nuevo León state in Mexico, works on a crypto bill based on El Salvador’s Bitcoin Law.
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El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender
El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with more partners anywhere in the world,” the Salvadoran government explained. El Salvador’s Economy Boosted by Bitcoin Law The Salvadoran government has outlined some economic benefits resulting […]Powered by WPeMatico
Tourism in El Salvador up 30% since Bitcoin adoption, minister says
Salvadoran President Nayib Bukele previously announced that El Salvador’s GDP grew over 10% in 2021.
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Pro-Bitcoin president of El Salvador to offer citizenship for foreign investors
The 52 proposed legal reforms call for less bureaucracy, less red tape, creating tax incentives to make El Salvador one of the most freedom-centric countries.
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Crypto community condemns Canada for freezing dissidents’ Bitcoin wallets
Kraken CEO admitted that the firm could be forced to freeze some wallets by police, advising to move crypto out of exchanges.
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US Lawmakers Introduce Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender
Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned About Risks From El Salvador’s Bitcoin Law The U.S. Senate Committee on […]Powered by WPeMatico
Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks
One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender has added uncertainty about the potential for an IMF program that would unlock financing […]Powered by WPeMatico
Top Latin American exchange Bitso officially expands to Colombia
Founded in 2014 in Mexico, Bitso is now officially present in Argentina, Brazil, El Salvador and Colombia.
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