5 / 12 Relevant items tagged with #ElSalvador
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El Salvador marks 3 years of Bitcoin adoption with $31M profit
[Sep 7, 2024 12:06 PM] Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.
Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador
[Sep 5, 2024 11:30 PM] The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as…
Latam Insights Encore: Learning From El Salvador’s Lesson on Using Bitcoin as a Rebranding Tool
[Sep 3, 2024 11:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how other countries can learn to use bitcoin as a rebranding tool, following El…
Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador
[Aug 31, 2024 6:40 PM] President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected…
‘Bitcoin hasn’t had the widespread adoption we hoped for’ — Nayib Bukele
[Aug 29, 2024 7:29 PM] The El Salvador President seemed to embrace the ”authoritarian” label while admitting the country had not seen as many benefits from Bitcoin as he anticipated.
El Salvador's Bukele Says Bitcoin Strategy a 'Net Positive,' but Adoption Lags
[Aug 29, 2024 4:27 PM] El Salvador now holds $400 million in its "public wallet alone," President Nayib Bukele said in an interview with TIME.
Salvadoran Educational Nonprofit Mi Primer Bitcoin Risks Running out of Funds
[Aug 28, 2024 5:30 AM] Mi Primer Bitcoin, an educational bitcoin nonprofit organization founded in El Salvador, risks running out of funds by September according to statements from its founder John Dennehy. Dennehy declared that while they expect to receive multiple…
Latam Insights Encore: El Salvador’s Bitcoin Education Investments Set to Pay Off in Adoption
[Aug 27, 2024 6:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. In this edition, we discuss the recent investments made by the Salvadoran government in Bitcoin education and…
Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin
[Aug 26, 2024 1:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house…
‘World’s Coolest Dictator’ Bukele Promotes El Salvador as Free Speech Haven
[Aug 25, 2024 8:52 AM] El Salvador President Nayib Bukele highlighted his country’s commitment to free speech and safety in a recent social media post, indirectly referencing the arrest of Telegram CEO Pavel Durov in France. Bukele emphasized that El Salvador guarantees…
El Salvador’s Bitcoin holdings grow by 162 BTC with daily buys
[Aug 23, 2024 10:30 AM] With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market.
El Salvador to Educate 80,000 Public Servants on Bitcoin
[Aug 22, 2024 7:30 PM] The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The…
El Salvador launches Bitcoin certifications for civil servants
[Aug 21, 2024 7:46 AM] El Salvador’s government aims to upskill 80,000 employees through a comprehensive Bitcoin certification program, emphasizing strategic management and public policy.
Latam Insights Encore: El Salvador Bitcoin’s Allure Might Help Bukele Reactivate the Country’s Economy
[Aug 20, 2024 11:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic…
Bukele Announces Private Investment of $1.61 Billion in Third Phase of Economic Overhaul Plan for El Salvador
Latam Insights Encore: El Salvador Forges a Path to Overcome IMF’s Bitcoin-Phobia
[Aug 13, 2024 5:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities that El Salvador is opening for other countries to receive help…
Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
[Aug 12, 2024 11:20 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot…
Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin
[Aug 10, 2024 12:30 AM] A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents…
El Salvador and IMF Advance Talks on Bitcoin Risk Mitigation and Economic Reforms
[Aug 8, 2024 3:30 AM] The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t…
Report States Salvadoran Economy Slowed, Purchasing Power Down as Bukele Fights Inflation
[Aug 7, 2024 2:30 AM] A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this year due to a decrease in public investment in infrastructure. Additionally, FUNDE claimed that the purchasing power of…
Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements
[Aug 5, 2024 10:30 PM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with…
Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina
[Aug 4, 2024 9:05 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina…
El Salvador’s Chivo Wallet Has Not Presented Any Financial Balances Since Its Creation
[Aug 2, 2024 6:10 PM] Chivo Wallet, the official Bitcoin wallet of the Salvadoran government, has been operating without presenting any of its financial balances to the National Registry Center (CNR). While Chivo is a private company managed by El Salvador’s government…
Latam Insights Encore: El Salvador Shows Bitcoin Can Be a Catalyst to Power Tourism
[Jul 29, 2024 8:02 PM] Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the positive impact bitcoin adoption had on the growth of the tourism industry in El…
Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns
[Jul 29, 2024 2:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses…
Bitcoin Beach co-founder claims Bitcoiners want to move families to El Salvador
[Jul 27, 2024 1:16 PM] The Bitcoin-friendly area of El Salvador has attracted many visitors using crypto, but are people considering moving themselves and their children abroad?
Salvadoran Basic Goods Basket Rose to Historic Highs in June
[Jul 26, 2024 2:30 PM] The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $260 barrier and reaching…
US Department of State Highlights Bitcoin’s Significance for Tourism in El Salvador
[Jul 26, 2024 6:35 AM] The U.S. Department of State has highlighted the relevance of recognizing bitcoin as a legal tender for the rebirth of tourism in El Salvador. In a recently released investment climate report, the department states that this factor has given…
Trump’s Claims About El Salvador and President Bukele Debunked
[Jul 22, 2024 5:30 PM] Former U.S. President Donald Trump stated that El Salvador’s 70% drop in murders was due to criminals being sent to the U.S. However, PBS fact-checked and found this claim false, attributing the decline to Salvadoran President Nayib…