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Investors have grown weary of El Salvador’s dollar debts as the country further adopts Bitcoin, meanwhile the IMF has recommended that BTC not be used as legal tender. Go to Source Powered by WPeMatico
The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments. However, Velarde also acknowledged this was not … Read more
President Nayib Bukele, of El Salvador, announced yesterday he would issue a $1 billion “Bitcoin Bond” to build the first Bitcoin City in the world. The city would feature no taxes of any kind except VAT, and it would be carbon neutral, with most of the energy powering it coming from geothermal sources. Bukele also … Read more
The development of Bitcoin City will see the proactive involvement of prominent crypto companies including cryptocurrency exchange Bitfinex and Adam Back’s Blockstream. Go to Source Powered by WPeMatico
Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks. Go to Source Powered by WPeMatico
The government will use the “surplus” from its Bitcoin Trust account that currently contains 1,120 BTC. Go to Source Powered by WPeMatico
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again, taking advantage of the falling price of bitcoin on … Read more
The recent purchase brings the Latin American nation’s stash to about 1,120BTC. Go to Source Powered by WPeMatico
Uphold CEO JP Thieriot said that the nature of life in Latin America begs for use cases based on Bitcoin. Go to Source Powered by WPeMatico
While Colombia is not a country that has embraced cryptocurrencies compared to Venezuela or some African countries, it is the country with the second most cryptocurrency ATMs in the Latam region. The reason behind this could be that Colombia has a high percentage of cash usage. This makes cryptocurrency ATMs a very important tool for … Read more