2 / 10 Relevant items tagged with #ElSalvador
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IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
[Oct 7 3:30 AM] The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support…
Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds
[Oct 3 10:30 PM] During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting…
IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin
[Oct 3 9:52 PM] The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.
IMF pressures El Salvador to overhaul Bitcoin regulations
[Oct 3 5:59 PM] According to the International Monetary Fund, El Salvador has an annual GDP growth rate of 3% and roughly $144 million in outstanding loans.
Bukele and Milei Meet: Zero-Deficit Budgets, Security, and Policy Discussed
[Oct 1 7:30 AM] The presidents of Argentina and El Salvador, Javier Milei and Nayib Bukele, met on Monday in Buenos Aires to discuss several issues concerning the mutual problems of their countries. The meeting, attended by members of both cabinets, covered topics…
Latam Insights: Argentina and El Salvador Fight Against the International Agenda
Bukele Highlights El Salvador’s Rebirth, Warns About Upcoming ‘New Dark Age’ at United Nations
Country-wide Bitcoin adoption a mixed bag for national economies
[Sep 26 2:00 PM] Country-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles might create mixed economic impacts.
Latam Insights Encore: Bukele’s Zero-Debt Budget Is a Good Start to Heal El Salvador’s Economy
[Sep 24 5:30 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 examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating…
Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador
[Sep 24 4:30 AM] The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all…
Latam Insights: Bukele Announces Self-Financed Budget; Salvadoran Coffee Purchase Settled With Bitcoin
[Sep 23 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, President Nayib Bukele announces a zero debt budget, a batch of Salvadoran coffee gets purchased using…
Nayib Bukele and Elon Musk Discuss AI, Robotics, and Future of Humanity
Nayib Bukele meets Elon Musk at Tesla to discuss AI, future of humanity
[Sep 21 7:56 AM] President Bukele visits Tesla to discuss the future of AI, Bitcoin, and El Salvador's emerging role in tech innovation with Elon Musk.
US Company Settles Salvadoran Coffee Purchase With Bitcoin
[Sep 20 11:10 PM] According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this…
Bukele States El Salvador Will Self-Finance 2025 Budget, Won’t Issue Even ‘a Cent’ of Debt
[Sep 17 10:32 PM] President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be…
Bhutan has twice as much Bitcoin as El Salvador, says Arkham
[Sep 17 6:09 AM] Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash.
El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025
[Sep 16 2:22 PM] Bukele spoke during the commemoration of 203 years of El Salvador independence.
Mi Primer Bitcoin Promotes Two Staff Members to Leadership Roles
[Sep 16 2:00 PM] In the wake of Mi Primer Bitcoin’s three-year anniversary, the El Salvador-based organization announced that it has promoted two of its staff members — Reyna Chicas and Quentin Ehrenmann — to leadership positions.Chicas, a native Salvadoran who has
Bukele advisers said BTC adoption was ‘complete PR move’ — TIME reporter
[Sep 12 8:27 PM] According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to “change the narrative” on the country’s international perception.
El Salvador’s Bitcoin Office Celebrates 21 Months of Success, Sets Stage for Renaissance 2.0
[Sep 11 3:31 PM] “Someone needs to be the keeper and reiterator of the vision. There's a ton of work to do. When you have to walk a thousand miles and have only taken the first step, it feels like a long way. It really helps if there is someone saying, ‘We are one…
Un Ode de l’Provocateur du Bitcoin
[Sep 10 5:59 PM] Out of the ashes emerged a snarling rodent dubbed Max Punk.Open conflict, Whales besting Bored-Apes, the social layer manifest.Bitcoin leaders sent to prison, then freed by massive strike waves.HODL’ers fighting in the streets, power cuts…
Latam Insights: Venezuelan Opposition Leader Proposes Bitcoin Reserve; Maduro Wants to Retake the Crypto Path
El Salvador marks 3 years of Bitcoin adoption with $31M profit
[Sep 7 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 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 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 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 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 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 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…