El Salvador

Presidente salvadoreño a inversionistas de Bitcoin: Su inversión en BTC es segura, Crecerá inmensamente después del mercado bajista

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El presidente de El Salvador tiene algunos consejos para los inversionistas de bitcoin. He believes investments in the largest cryptocurrency are safe and will “immensely grow” after the bear market. El Salvador’s President on Bitcoin Investments The president of El Salvador, Nayib Bukele,…

Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks

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One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender…

El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender

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El Salvador has rejected the recommendation by the International Monetary Fund (FMI) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” dijo, “No international organization is going to make us do anything, anything at all.” El Salvador Says…

IMF Tells El Salvador: Los costos de hacer que la moneda de curso legal de Bitcoin supere los beneficios potenciales

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The International Monetary Fund (FMI) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund…

El Reino de Tonga puede adoptar Bitcoin como moneda de curso legal, Dice el ex miembro del parlamento

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The Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to occur. Fusitu’a believes that by next fall a bill will be…

Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet

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Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to users in the country. Jack Mallers, CEO of Strike, explained that his objective for bringing the app to the country has to do with providing a…

Devere Group CEO Predicts 3 Countries Will Adopt Bitcoin as Legal Tender This Year

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The CEO of financial advisory and asset management firm Devere Group has predicted that three countries will adopt bitcoin as legal tender this year. He is more bullish than El Salvador’s president who predicted that two countries will make bitcoin their…

El Salvador Drafts 20 Proyectos de ley para la estructura legal de los bonos de Bitcoin: fondos que se utilizarán para construir la ciudad de Bitcoin, Comprar BTC

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El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting…

Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador’s President Predicts

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El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Mientras tanto, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s…

Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’

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El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, voluntad “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib Bukele’s decision is questionable. Salvadoran…