4 / 4 Relevant items tagged with #NayibBukele
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Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating
[May 8, 2023 3:30 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech…
Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs
[May 1, 2023 2:00 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not…
Steve Hanke Blasts Bitcoin: It Is ‘Not a Currency’ and Has a ‘Fundamental Value of Zero’
[Mar 28, 2023 4:00 AM] Steve Hanke, professor of applied economics at Johns Hopkins University, has criticized bitcoin, stating it is not a currency. The economist, known for his vocal opinions about crypto and for the promotion of dollarization initiatives in Latam…
El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange
IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed
[Feb 12, 2023 3:00 AM] According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of…
Miss El Salvador Features Bitcoin in Miss Universe 2023
[Jan 12, 2023 7:00 PM] The Miss Universe contestant from El Salvador this year has surprised viewers by featuring bitcoin as part of her national costume. El Salvador has adopted the cryptocurrency as legal tender and has passed a new regulatory framework for the…
Reviewing El Salvador’s Bukele Predictions for 2022: What Went Wrong?
[Jan 2, 2023 3:30 PM] Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the…
Visiting El Salvador’s Slums, It’s Clear Bitcoin Country Must Go Further
[Dec 14, 2022 12:11 PM] A visit to Soyapango, one of El Salvador’s most impoverished slums, shows that the Bitcoin experiment isn’t reaching those who need it most.This is an opinion editorial by Rikki, author and co-host of the “Bitcoin Italia,” and “Stupefatti”…
Visiting El Salvador, It’s Clear That Bukele’s Bitcoin Country Is Neither Utopian, Nor Totalitarian
[Nov 29, 2022 12:00 PM] After a week in El Salvador, it’s clear that state-run Bitcoin adoption is a slow but critical foundation for revitalizing the country.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin…
Salvadoran Group Files Lawsuits Against President Nayib Bukele on Lack of Transparency in Bitcoin Purchases
[Nov 28, 2022 6:30 AM] Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run before several national and international…
El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’
[Nov 26, 2022 3:00 PM] After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the…
El Salvador to Buy Bitcoin Every Day Starting Tomorrow, President Says
[Nov 17, 2022 5:00 PM] El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury. El Salvador to Buy Bitcoin Every Day…
El Salvador President Says Country Will Buy 1 Bitcoin A Day
[Nov 17, 2022 5:00 PM] Since the bitcoin price decline began, El Salvador and its president Nayib Bukele have basically been put under a microscope. The country’s bitcoin plan had seen it buy more than 2,300 BTC but the bear market had wiped a significant portion of the…