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Milena Mayorga, El Salvador's ambassador to the United States, has said that El Salvador is still a "bitcoin country" and will maintain—and even expand—its bitcoin reserves.
El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to ...
SAN SALVADOR (Reuters) -El Salvador said on Thursday it would keep buying bitcoin, possibly at an accelerated pace, a day after the government reached a financing agreement with the International ...
Right now, the best example of a nation strategically buying significant amounts of Bitcoin is El Salvador. It officially made Bitcoin legal tender in 2021, and has been buying Bitcoin ...
El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021. [1] It has been promoted by Nayib Bukele, the president of El Salvador, who claimed that it would improve the economy by making banking easier for Salvadorans, and that it would encourage foreign investment.
Bitcoin ATM in El Zonte, El Salvador. Bitcoin use as a currency in El Salvador had been experimented with since at least 2019, and current President Bukele expressed interest in bitcoin while he was mayor of San Salvador in 2017. Bloomberg News reported in June 2021 that Bukele and some members of the Nuevas Ideas party had owned Bitcoin for ...
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
Crypto-friendly El Salvador could end a mandate requiring businesses to accept bitcoin as payment, sources told The Financial Times. El Salvador will reportedly dial back its bitcoin ambitions to ...