El Salvador

El Salvador to Roll Back Bitcoin Project Under IMF Agreement

El Salvador to Roll Back Bitcoin Project Under IMF Agreement
El Salvador to Roll Back Bitcoin Project Under IMF Agreement
December 19, 2024  |  Cryptocurrency

The International Monetary Fund (IMF) said Wednesday (Dec. 18) that El Salvador will alter its bitcoin project as part of a staff-level agreement on a...

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El Salvador Forges Ahead With Crypto Regulation
El Salvador Forges Ahead With Crypto Regulation
November 23, 2022  |  Cryptocurrency

Legislators in El Salvador are considering a bill that would regulate digital securities, a sign the Central American nation is proceeding with plans to issue...

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Corruption Watchdog Criticizes El Salvador’s Bitcoin Spending Secrecy
Corruption Watchdog Criticizes El Salvador’s Bitcoin Spending Secrecy
November 04, 2022  |  Cryptocurrency

El Salvador’s development bank has refused to reveal any details about the country’s purchase of bitcoins for an estimated $107 million. Get the Full Story...

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El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings
El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings
October 28, 2022  |  Cryptocurrency

Low-cost remittances were one of the key selling points Salvadoran President Nayib Bukele cited when announcing the law that made bitcoin a legal tender in...

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Bitcoin Popularity Fading Further in El Salvador
Bitcoin Popularity Fading Further in El Salvador
October 21, 2022  |  Cryptocurrency

Two-thirds of Salvadoran citizens consider President Nayib Bukele’s bitcoin policy a failure and more than three-quarters have never used it, German public news outlet Deutsche...

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Strike CEO: El Salvador’s Bitcoin Experiment Isn’t Over
Strike CEO: El Salvador’s Bitcoin Experiment Isn’t Over
September 30, 2022  |  Cryptocurrency

In an interview this week, bitcoin payments firm Strike’s CEO said that El Salvador’s bitcoin-as-legal-tender experiment hasn’t hurt his company in any way, noting that...

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Fitch Says Bond Buy Won’t Lower El Salvador’s Default Risk
Fitch Says Bond Buy Won’t Lower El Salvador’s Default Risk
September 23, 2022  |  Cryptocurrency

El Salvador has repurchased more than $500 million of its bonds at a huge discount, but that may not lessen its risk of a default...

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El Salvador Weekly: One Year in, Bitcoin Currency Experiment Has Bombed
El Salvador Weekly: One Year in, Bitcoin Currency Experiment Has Bombed
September 09, 2022  |  Cryptocurrency

The anniversary of El Salvador’s experiment with bitcoin as a legal tender hit without much fanfare on Sept. 7, as it takes a fair bit...

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El Salvador Weekly: One Year on, Bitcoin-as-Legal-Tender Is on the Ropes
El Salvador Weekly: One Year on, Bitcoin-as-Legal-Tender Is on the Ropes
September 04, 2022  |  Cryptocurrency

El Salvador’s experiment to make bitcoin a legal tender alongside the dollar is rapidly approaching its one-year anniversary on Sept. 7, and the endeavor has...

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