The Bank of Spain prepared an analysis on the adoption of bitcoin as legal tender in El Salvador, highlighting the low financial inclusion of the population as one of the challenges the country faces in this project.
Specifically, the analysis entitled "The role of crypto assets as legal tender:…
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Central America
Avior Airlines retakes the skies of Central America
Avior Airlines starts October with good news, as of October 13, 2021. This next month, operations to and from the Tocumen International Airport in Panama City will resume, giving its passengers the opportunity to reach the cities most…
CABEI strengthened and consolidated its position during 2020
The president of the Central American Bank for Economic Integration (CABEI), Dante Mossi, inaugurated the LXI Board of Governors of the Bank, where he indicated that the year 2020 was not only a pandemic and natural disasters, but "it was…
Sending remittances in Central America could suffer changes related to bitcoin
The process of adopting bitcoin as an ongoing currency for El Salvador could have great repercussions on the way remittances are being carried out in that country.
The Central American Bank for Economic Integration (CABEI) made its…
IMF talks about El Salvador’s Cryptocurrency Law
The International Monetary Fund (IMF) recently issued a series of warnings against El Salvador, regarding the adoption of bitcoin as a national currency.
The financial adviser and director of the agency's marketing department, Tobias…
Use of bitcoin in El Salvador will be voluntary
The president of El Salvador, Nayib Bukele, assured that the use of bitcoin in the country will be voluntary after giving details about the Bitcoin Law, with which he hopes that the country will become the first in the world to adopt…
IMF will meet with authorities of El Salvador
The International Monetary Fund (IMF) announced that it will hold a meeting with the authorities of El Salvador to discuss the new economic policy, which would accept bitcoin as legal tender.
According to the IMF spokesman, Gerry Rice,…
El Salvador Congress approves bitcoin as legal tender
This Wednesday, June 9, the Congress of El Salvador approved a law that will convert bitcoin into legal tender in this nation. The initiative was approved with the votes of 62 deputies of the 84 in Parliament and will enter into force 90…
Costa Rica joins the OECD
Costa Rica has formally become the thirty-eighth member country of the Organization for Economic Cooperation and Development (OECD) and the fourth country in Latin America and the Caribbean to join the institution after Mexico, Chile and…
IMF allocation to Honduras will increase
The International Monetary Fund (IMF) and Honduras reached an agreement at a technical level on the fourth review of the Economic Program under the Credit Facility Agreement (Stand-By), by which it will be proposed to increase the level of…