“As El Salvador has adopted Bitcoin as legal tender, it’s important we understand and mitigate potential risks to the U.S. financial system,” Risch said in a statement on Wednesday, adding that the le...
Tag: Salvadors
Demand for El Salvador’s Bitcoin (BTC) Bonds Oversubscribed by $500,000,000: Report
El Salvador’s Bitcoin (BTC) bonds are oversubscribed by around 50%, according to a Financial Times report. The Central American country announced in November of 2021 that it would issue Bitcoin bonds ...
El Salvador’s finance minister says the country is ready to issue a bitcoin bond, but the launch date remains unclear
advertisement El Salvador’s finance minister says the country is “ready” to issue its first so-called bitcoin bond, but still waiting for the right moment to do so. The Central American country previo...
Demand for El Salvador’s Bitcoin Bond Surges Amidst the Global Uncertainty – crypto.news
El Salvador’s Bitcoin Bond is steadily growing as the new investment plan currently has a $1.5B demand. The volcano bonds are expected to run for ten years using an initial investment of $1B. Investor...
Rollout of El Salvador’s Bitcoin Bonds Facing Legislative Delays: Report
The rollout of El Salvador’s Bitcoin (BTC) bonds is reportedly facing legislative delays that could hold back the issuance of the BTC-backed instrument. According to a new report by local publication ...
El Salvador’s Bitcoin Adoption Lower than Expected: Survey
The level of adoption of Bitcoin (BTC), the new legal tender in El Salvador is technically at a low ebb, at least, compared to what is being portrayed in the media. According to a survey conducted by ...
El Salvador’s Bitcoin Adoption Is far Lower Than Expected, Survey Shows – A Blunder For Bukele?
Since El Salvador adopted bitcoin as legal tender, crypto analysts have expressed skepticism about its acceptance and influence on the traditional finance sector, citing concerns that the cryptocurren...
El Salvador’s 10-Year Bitcoin (BTC) Bonds Coming This Week, Here’s What At Risk
The wait for El Salvador’s Bitcoin Bonds is likely to end this week! As per the latest report from Financial Times, the Bitcoin bonds shall be available for purchase this week! El Salvador President N...
El Salvador’s Bitcoin-fueled Vet Hospital Opens This Week
Nayib Bukele’s administration announced that the veterinary hospital built by bitcoin profits will open on Saturday (February 26). The President revealed that each treatment will cost $0.25 worth of B...
El Salvador’s $1 billion Bitcoin bond called a “meme” by mainstream finance
Bitcoiner Dennis Porter tweeted that El Salvador had raised $500 million for their Bitcoin bond program. JUST IN – El Salvador raises over $500,000,000 for their #Bitcoin bond. ??? — Dennis Porter (@D...
El Salvador’s tourism soars by 30% amid Bitcoin adoption
Bitcoin is the leading and first cryptocurrency project established in 2009. Since establishment the potential digital currency has seen significant upward movement, although the asset is truly volati...
El Salvador’s tourism sector is booming after bitcoin adoption
El Salvador is experiencing a surge in tourism after it adopted the bitcoin law in the fall of 2021 and made the cryptocurrency legal tender. The country’s tourism minister Morena Valdez said that act...
El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender – Coinotizia
El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with m...
El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender – Featured Bitcoin News
El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with m...
El Salvador’s Tourism Sector Up 30% Since BTC’s Adoption
El Salvador’s decision to make bitcoin an official payment method inside the nation’s borders has positively affected the local tourism industry, said the country’s Minister of Tourism. Since then, th...
El Salvador’s Tourism Sector Grows By Over 30% — Thanks To Its Great Bitcoin Experiment ⋆ ZyCrypto
Advertisement     The tourism industry in El Salvador has significantly improved ever since the Central American nation passed its Bitcoin Law, which paved the way for...
El Salvador’s GDP Soars By Double Digits For The First Time In Its History
Advertisement     El Salvador’s GDP grew by over 10% in 2021 which is a first for the small country. The President thinks the country is on course to break an even big...
El Salvador’s President Paves Way for Bitcoin Adoption
Pro-Bitcoin President of El Salvador, Nayib Bukele recently announced that he sent 52 legal reforms to Congress in an effort to create tax incentives, new security laws, and citizenship in exchange fo...
El Salvador’s president Bukele will create a bitcoin haven for freedom
In a tweet from president Bukele of El Salvador on Sunday, he let it be known that entrepreneurs from around the world who would invest in the future of his country would be welcome. Of the 52 new leg...
El Salvador’s Crypto-Loving President’s New Gamble: Citizenship For Foreign Investors
Topline El Salvador’s President Nayib Bukele said in a Sunday tweet he plans to introduce a series of reforms including offering citizenships to foreign investors, another step for the populist leader...
US Senate On The Verge Of Passing New Legislation To Closely Monitor The Risks Associated With El Salvador’s Bitcoin Adoption ⋆ ZyCrypto
Advertisement     Bipartisan senators present a bill to combat the risks facing America as a result of El Salvador’s Bitcoin Law. The bill highlights concerns over ho...
El Salvador’s Bitcoin Bonds Could Get Extra $5 Billion Infusion
El Salvador remains undeterred in its plan to release its Bitcoin denominated bond. According to a report, El Salvador plans to issue another $5 billion after issuing its initial $1 billion bonds next...
Why El Salvador’s Wild Bitcoin Experiment Just Might Work
About the author Alex Kantrowitz is the founder of Big Technology, a newsletter and podcast about big tech and society. He is the author of the book “Always Day One: How The Tech Titans Plan To ...
How Loaded Is The WSJ’s Latest Article On El Salvador’s Bitcoin Adoption? VERY
The WSJ proves once again that the Bitcoin Law in El Salvador is still the story of the century. Their latest article about it is… a little one-sided. The WSJ and other legacy publications are losing ...
Bukele Hits Back At “Boomer” US Senators For Questioning El Salvador’s BTC Policy
El Salvador’s President Nayib Bukele asked US senators to stay out of the country’s internal affairs after a group of them introduced legislation centered around El Salvador’s BTC policy. Bill To Stu...
US bill seeks to mitigate risks from El Salvador’s Bitcoin Law
Three senators have introduced a bill that will mitigate the risks presented by adopting Bitcoin as legal tender in El Salvador. El Salvador implemented the Bitcoin Law last year. The law’s implementa...
Bukele tells U.S Senators El Salvador’s Bitcoin Law is not their concern
President Bukele reacted to a U.S Senate bill on El Salvador’s Bitcoin Law by saying, “stay out of our internal affairs.” The bill, titled “Accountability for Cryptocurrency in El Salvador (ACES) Act,...
Bukele Lashes Out After US Senators Introduce Legislation Investigating El Salvador’s Bitcoin Law
“We are not your colony, your back yard, or your front yard. Stay out of our internal affairs.” This is what El Salvador’s President Nayib Bukele tweeted after US Senators introduced new legislation t...
These Senator’s ACES Act Allows The U.S. To Meddle In El Salvador’s Business
Everything surrounding the ACES act is almost comedic. U.S. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the “Accountability for Cryptocurrency in El Salvador” AKA the ‘‘ACES Act.’’ I...
New bill aims to ‘mitigate risks’ to US from El Salvador’s Bitcoin Law
A bipartisan group of senators introduced legislation in the U.S. Senate which seeks to mitigate perceived risks posed by El Salvador’s adoption of Bitcoin as a legal currency. The proposed Accountabi...
El Salvador’s Bitcoin Adoption May Pose Risks to US Financial System: Senators
U.S. senators today introduced legislation requiring the State Department to write a report on El Salvador’s Bitcoin Law and develop a plan to “mitigate potential risks to the U.S. financi...