El Salvador’s Anti-Corruption Legal Advisory Center (ALAC), a body tasked with holding the government accountable for corruption-related practices has come out to declare that its request for details ...
Tag: Salvadors
El Salvador’s Bitcoin purchase information can’t be made public: Trustee
Ever since El Salvador legalized Bitcoin (BTC) as mainstream tender, President Nayib Bukele used Twitter on numerous occasions to announce the country’s BTC acquisitions. However, ALAC El Salvador — a...
El Salvador’s Bukele Still Liked Despite Bitcoin Uncertainty (Survey)
A recent survey conducted by the University of Central America (UCA) estimated that 77% of the polled Salvadorans think adopting bitcoin as a legal tender 13 months ago was a mistake. However, nearly ...
El Salvador’s Bitcoin Adoption Experiment: Salvadorans Feel It Is a failure
Ratings agencies have downgraded El Salvador’s credit score. Most people have not used their wallets beyond the $30 incentive. Indicators signal ruin; however, economic doom is not certain yet. In 202...
Bitcoin Fail – 80% Of El Salvador’s People Believe The President’s Crypto Program Is A Disaster
Bitcoin took the internet by storm in 2021 when El Salvador – the smallest country in South America – announced it will make the cryptocurrency a legal tender. The plan was first made public during th...
Island nation of Madeira hopes to copy El Salvador’s Bitcoin success
The President of Madeira, Miguel Albuquerque, announced his explicit support for Bitcoin in May, saying BTC and Bitcoiners are welcome. The President further added that plans are in place with infrast...
Almost 80% of El Salvador’s citizens believe the country’s Bitcoin strategy has failed
Just a little over one year after El Salvador became the first country in the world to adopt Bitcoin (BTC) as a legal tender, the policy appears to be unpopular among most residents. In particular, r...
El Salvador’s President, Nayib Bukele, remains popular despite poor Bitcoin bet
Join Our Telegram channel to stay up to date on breaking news coverage The President of El Salvador, Nayib Bukele, led the country into passing a Bitcoin law in September last year. The country accept...
El Salvador’s Bukele Remains Popular Despite Bad Bitcoin Bets, Slumping Economy
El Salvador’s President Nayib Bukele bet on Bitcoin last September when he made it legal tender in the Central American nation and invested a lot of cash into the cryptocurrency himself. One year and...
El Salvador’s pro-Bitcoin president Nayib Bukele announces reelection bid
In an Independence Day live streaming event on Sept. 15, El Salvador President Nayib Bukele announced his bid for reelection after his current term ends in 2024. Bukele’s announcement comes even thoug...
El Salvador’s Pro-Bitcoin President Will Seek Re-Election in 2024
The current President of El Salvador known as an outspoken bitcoin proponent – Nayib Bukele – said he will compete in the next presidential elections in 2024. Throughout his reign, El Salvador launche...
El Salvador’s Bitcoin Portfolio Hits $54 Million in Losses, Here’s When It Can Return to Profit
Arman Shirinyan One of least profitable public portfolios on market is owned by president of entire country The portfolio of the one and only trader-country in the world reached a new low recently, an...
Lugano mayor follows in El Salvador’s footsteps
The mayor of Lugano, who legalized Bitcoin and Tether in March last year, is positioning his city to become a true global hub for cryptocurrencies. Lugano: the mayor is increasingly focusing on crypto...
El Salvador’s Bitcoin Law, 1-Year Anniversary: The Good, The Bad, And The Ugly
Believe it or not, El Salvador’s Bitcoin Law is only one year old. This is a multi-year project in its infancy. What mainstream media is working extra hours to call “a failure” is the equivalent of a ...
One Year In, El Salvador’s Bitcoin Bonds Could Be Right Around the Corner
El Salvador became the first country in the world to establish bitcoin as legal tender one year ago Officials have not broken ground on President Nayib Bukele’s promised “Bitcoin City,” a bitcoin bond...
El Salvador’s Bitcoin strategy yet to take off as BTC falls 60% in a year since its adoption
It’s been a year since El Salvador became the first country in the world to adopt Bitcoin (BTC) as a legal tender. The decision was considered a footprint for the rest of the countries intending to go...
El Salvador’s Bitcoin bond postponed due to security concerns: Tether CTO
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin bond was first anticipated to go on sale in the first quarter of 2022 when it was first revealed in November of last ...
El Salvador’s Bitcoin Beach Included in $203M Tourism Investment
Bitcoin Beach in El Salvador will receive infrastructural developments as part of a $203 million government investment in the country’s beach tourism. Some of the funds will be used to revitalize 15,0...
El Salvador’s Bitcoin Beach to receive over $200 million in infrastructure investments
El Zonte, a beach in El Salvador that has been renamed “Bitcoin Beach” as a result of its acceptance of the cryptocurrency, will get infrastructure upgrades as part of a strategic plan that will be im...
El Salvador’s Bitcoin Bond Faces Further Delay
On Tuesday, August 30, Bitfinex and Tether CTO Paolo Ardoino recently said that there will be a further delay in the launch of El Salvador’s Bitcoin bond. Ever since El Salvador made Bitcoin a legal t...
Singapore follows El Salvador’s footsteps on Bitcoin
Singapore, the city-state south of Malaysia, attracts capital from around the world and, unlike El Salvador, has a very different balance of state and international reputation. It has long been adopti...
El Salvador’s Bitcoin policy could lead the change in global monetary system – Simon Dixon
Prominent investor Simon Dixon recently described El Salvador’s Bitcoin policy as “very responsible” and said it could be the first domino to fall in bringing down the International Monetary Fund’s (...
El Salvador’s President Offers Recovery Plan
The President of El Salvador extends a helping hand to Lending Companies that have had solvency problems from investing badly in Bitcoin, wanting to implement a sort of Recovery Plan. Nayib Bukele’s R...
El Salvador’s Finance Minister Defended Strategy to Adopt Bitcoin
El Salvador’s finance minister, Alejandro Zelaya, stated that adopting bitcoin has aided the country’s unbanked citizens. Despite calls from detractors, Alejandro supported the country’s plan to use B...
El Salvador’s Bitcoin Adoption Proved To Be A Success: Country’s Finance Minister
In 2021, El Salvador made headlines after it adopted Bitcoin as a legal tender. At the Bitcoin Miami Conference, President Nayib Bukele disclosed his intention to make Bitcoin country’s legal currency...
El Salvador’s Finance Minister Weighs in on The Country’s Bitcoin Strategy
The finance minister of El Salvador, Alejandro Zelaya, revealed the country’s future plans about crypto and claimed that their Bitcoin bet has been working fine for the country, in an interview with B...
El Salvador’s President Announces Plans to Repurchase $1.6B Bonds
2 hours ago | 2 mins read Bitcoin News The IMF pleaded with El Salvador to outlaw the use of Bitcoins as legal tender. On Twitter, Bukele declared he was presenting two legislation to the National A...
Morgan Stanley advises investors to buy El Salvador’s Eurobond
Morgan Stanley, one of the largest banking giants, has advised investors to buy troubled El Salvador’s Eurobonds. El Salvador’s Bitcoin plans started in September last year after the country approved ...