Search
Bitcoiners Boo 'Official Bitcoin Ambassadors' to El Salvador
17.6.2021
Brock Pierce: Source: Twitter/@brockpierce
Representatives of the Cryptoverse continue their expeditions to El Salvador on a quest to meet government officials and president Nayib Bukele and share insights on Bitcoin (BTC) and complementary technologies. This time, it was Brock Pierce,...
World Bank Accused Of Ignorance & Hypocrisy As It Refuses to Help El Salvador
17.6.2021
Commentators have accused the World Bank of hypocrisy and ignorance after it stated that it would not assist El Salvador and its President Nayib Bukele’s plan to create a bitcoin (BTC)-powered economy – claiming that bitcoin has displayed “environmental” and “transparency” “shortcomings.”
Per...
World Bank refuses El Salvador's request for help on BTC transition
17.6.2021
The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender
Central American Bank for Economic Integration to Help El Salvador Implement Bitcoin as Legal Tender
17.6.2021
The Central American Bank for Economic Integration (CABEI), which has 15 member countries, will help El Salvador implement bitcoin as legal tender. The CABEI president has expressed his support. “We’re very optimistic,” he said. Central American Bank for Economic Integration...
Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal Tender
16.6.2021
Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there’s an area in El Salvador called “Bitcoin Beach” with a small group...
El Salvador Gov’t Mulls BTC Pay as Int’l Bitcoin Players ‘Roll into Town’
16.6.2021
President Nayib Bukele met with bitcoiners yesterday. Source: Twitter/@PeterMcCormack
The government of El Salvador is forging away at its President Nayib Bukele’s dream of creating a bitcoin (BTC)-powered economy – with the cabinet “discussing” plans to allow firms to pay employees in BTC...
El Salvador minister says it’s too early to use Bitcoin for wages
16.6.2021
It’s too soon to talk about Bitcoin-based wages in El Salvador, Minister Rolando Castro stated
Steve Hanke warns BTC could 'completely collapse the economy' of El Salvador
16.6.2021
Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender, and questioned how Bitcoin would function in day-to-day transactions
El Salvador reportedly weighing paying employees in Bitcoin
15.6.2021
A 2001 law on monetary integration in the country states that salaries and fees may only be paid in colónes or dollars
Russian Foreign Minister States Crypto Might Play a Significant Role in Settlements
15.6.2021
The Russian Foreign Minister Sergei Lavrov talked about the future importance of cryptocurrencies as an international settlements layer at the Primakov Readings Forum. Lavrov referred to these assets as having a “significant role” in the future. Russia has been striving to de-dollarize...
Tanzanian President Wants Central Bank Chiefs to ‘Prepare for Cryptocurrency’
15.6.2021
Tanzanian President Samia Suluhu Hassan has urged her country to be ready for emerging fintech by paving the way for cryptocurrencies. She also urged the country’s central bank to begin the necessary preparations for a step-change in global attitudes towards banking. However, in her address...
Středoamerický Salvador hodlá využít energii sopek k těžbě bitcoinů
15.6.2021
Těžba bitcoinů spotřebuje ohromné množství elektřiny. Salvador to chce řešit využitím geotermální energie vulkanického původu, které má na rozdávání
Economists Want El Salvador Bitcoin Law Repealed, but President Wins Key Ally
15.6.2021
El Salvador is edging ever closer to fulfilling its President Nayib Bukele’s Bitcoin (BTC) dreams – with external help on its way, although voices of disdain continue to warn of impending financial peril if Bukele gets his way.
Per Reuters and AFP (via El Economista), the head of the Central...
Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law
15.6.2021
A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest...
Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender
15.6.2021
Bitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender in the country alongside the U.S. dollar. The monthly bitcoin transfers of under...
Africa Gets A Chance To Ride El Salvador-Triggered Bitcoin Hype Wave
14.6.2021
Samia Suluhu Hassan, the President of Tanzania. Source: A video screenshot, Youtube/ NTVUganda
Last week it was Latin America, this week, it might be Africa’s turn – with key individuals coming out in support of bitcoin (BTC) adoption.
Unlike the Latin American charge, some of the loudest voices...
Remittance firms hesitant to support BTC despite legal tender law in El Salvador
14.6.2021
Remittance firms operating in El Salvador appear reluctant to support Bitcoin despite the country's new law mandating the crypto asset as legal tender
Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador
14.6.2021
The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed. ECB’s Lagarde Comments on El Salvador Making Bitcoin...
Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador
13.6.2021
JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may...
Adopting the Bitcoin standard? El Salvador writes itself into history books
12.6.2021
El Salvador has become the first country to make Bitcoin legal tender, but what are the complexities and potential short-term effects?