The receipt of remittances through cryptocurrency wallets in El Salvador experienced a significant decrease of 26.5 % during the first half of 2023, according to data from the Central Reserve Bank.
Official figures show that between January and June of this year, the Central American country…
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El Salvador
Bukele will seek his re-election in 2024
The president of El Salvador, Nayib Bukele, registered his candidacy for re-election in the 2024 elections, as reported on Monday night by the ruling party Nuevas Ideas (NI).
"We inform the Salvadoran people that President @nayibbukele…
Volcano Energy will invest in cryptocurrency miners for El Salvador
Volcano Energy, a leading renewable energy company, has announced an impressive $1 billion investment to carry out an ambitious Bitcoin mining industry project in El Salvador.
In a statement posted on Twitter by President Nayib Bukele, it…
Bukele eliminates taxes on technological innovations
The President of El Salvador, Nayib Bukele, promulgated the Law of Incentives for Innovation and Technology Manufacturing, whose main task is to eliminate all taxes on technological innovations.
The Salvadoran president informed of the…
Bitfinex obtained the first digital asset license in El Salvador
The government of El Salvador granted Bitfinex, an international exchange based in the British Virgin Islands, the first license issued by the country specifically for digital asset service providers.
The company announced this news…
Bukele wants to eliminate taxes on technologies
The president of El Salvador, Nayib Bukele, indicated that this week he will submit a new law to Congress to eliminate all taxes on the technology sector.
According to what Bukele pointed out in his Twitter account, this law seeks to…
Nayib Bukele affirms that Bitcoin boosted tourism 95 % in the country
In a recent interview in "Tucker Carlson Today", Nayib Bukele, president of El Salvador, indicated that among the benefits of adopting Bitcoin as legal tender in 2021 is the increase in national tourism.
According to Bukele, this sector…
El Salvador will create a Bitcoin Embassy in the US
The government of El Salvador announced that it is going to create a Bitcoin Embassy in the United States. The objective of this embassy is to encourage the use and adoption of cryptocurrencies, and help the Salvadoran economy through…
El Salvador created the Bitcoin Association
El Salvador recently approved the creation, although its launch is still awaited, of Asobitcoin, the association that will aim to guide companies in the Central American country in everything related to cryptocurrency and its adoption.…
The IDB will finance El Salvador with 92 million euros
The Inter-American Development Bank (IDB) has approved a loan for El Salvador for a total amount of 100 million dollars (92.3 million euros) to support the growth of micro, small and medium-sized companies in the country, in line with…
El Salvador approves creation of the digital asset issuance law
El Salvador has been in the tip of the iceberg since the adoption of Bitcoin as a national circulation asset. Now it is moving towards the creation of the Digital Assets Issuance Law, for its regulation, protection and commercialization.…
El Salvador will buy a Bitcoin a day
Amid the fluctuation in the price of Bitcoin, and other cryptocurrencies, the president of El Salvador, Nayib Bukele, announced this Wednesday the purchase of a daily Bitcoin.
Bukele, who had not made announcements related to the purchase…