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US Company Settles Salvadoran Coffee Purchase With Bitcoin
21.9.2024
According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment...
Bukele States El Salvador Will Self-Finance 2025 Budget, Won’t Issue Even ‘a Cent’ of Debt
18.9.2024
President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be the first time this happened in decades...
Bhutan has twice as much Bitcoin as El Salvador, says Arkham
17.9.2024
Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash.
El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025
16.9.2024
Bukele spoke during the commemoration of 203 years of El Salvador independence
Bukele advisers said BTC adoption was ‘complete PR move’ — TIME reporter
12.9.2024
According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to “change the narrative” on the country’s international perception
Latam Insights: Venezuelan Opposition Leader Proposes Bitcoin Reserve; Maduro Wants to Retake the Crypto Path
9.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, Venezuelan President Nicolás Maduro states that the country...
El Salvador marks three years of Bitcoin adoption with $31M profit
7.9.2024
Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit
Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador
6.9.2024
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached...
Crypto Fear Index Rises, but El Salvador Buys 1 Bitcoin Everyday
5.9.2024
The crypto fear and greed index rose to 29 today, but El Salvador remains unfazed by such metrics…
Latam Insights Encore: Learning From El Salvador’s Lesson on Using Bitcoin as a Rebranding Tool
3.9.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how other countries can learn to use bitcoin as a rebranding tool, following El Salvador’s example. Latam Insights Encore: Other...
Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador
31.8.2024
President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as...
‘Bitcoin hasn’t had the widespread adoption we hoped for’ — Nayib Bukele
29.8.2024
The El Salvador President seemed to embrace the ”authoritarian” label while admitting the country had not seen as many benefits from Bitcoin as he anticipated
El Salvador's Bukele Says Bitcoin Strategy a 'Net Positive,' but Adoption Lags
29.8.2024
El Salvador now holds $400 million in its "public wallet alone," President Nayib Bukele said in an interview with TIME
Salvadoran Educational Nonprofit Mi Primer Bitcoin Risks Running out of Funds
28.8.2024
Mi Primer Bitcoin, an educational bitcoin nonprofit organization founded in El Salvador, risks running out of funds by September according to statements from its founder John Dennehy. Dennehy declared that while they expect to receive multiple grants by the end of the year, they need additional...
Latam Insights Encore: El Salvador’s Bitcoin Education Investments Set to Pay Off in Adoption
27.8.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. In this edition, we discuss the recent investments made by the Salvadoran government in Bitcoin education and certification, and how these initiatives might increase...
Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin
26.8.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stablecoin, and Paraguay keeps...
‘World’s Coolest Dictator’ Bukele Promotes El Salvador as Free Speech Haven
25.8.2024
El Salvador President Nayib Bukele highlighted his country’s commitment to free speech and safety in a recent social media post, indirectly referencing the arrest of Telegram CEO Pavel Durov in France. Bukele emphasized that El Salvador guarantees freedom from arrest, censorship, and asset seizure...
El Salvador’s Bitcoin holdings grow by 162 BTC with daily buys
23.8.2024
With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market
El Salvador to Educate 80,000 Public Servants on Bitcoin
22.8.2024
The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The module also includes training in the areas...
El Salvador to Train 80,000 Government Employees on Bitcoin
21.8.2024
El Salvador has launched a program to educate its government workforce on Bitcoin. The National Bitcoin Office (ONBTC)…