On September 7, bitcoin comes into force as legal tender in El Salvador and from that moment the citizens of that country will have the possibility of carrying out different transactions with BTC, such as sending remittances, exchanging cryptocurrencies for fiat money through the so-called wallet…
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Nayib Bukele
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…
El Salvador finalizes the draft of the constitutional reform
The initial draft of the new constitution of El Salvador contemplates 215 modifications made to the current constitution. Among the reforms are the extension of the presidential term, the creation of a new body that will supplant the…
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…
Bitcoin from the government of El Salvador cannot be converted into dollars
The Minister of Finance of El Salvador, Alejandro Zelaya, reported that the 30 dollars in bitcoin that the government is going to grant to its citizens cannot be converted into fiat currency.
The government's intention is to encourage its…
Nayib Bukele will give away $ 30 in Bitcoin for using the Chivo App
Nayib Bukete, President of the Republic of El Salvador, announced that his government created its own wallet, called Chivo, to make transactions with Bitcoin. It will be "like carrying a wallet, but on the phone", as a result of the law…
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…
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…
El Salvador could be the first country to adopt bitcoin as legal currency
The president of El Salvador, Nayib Bukele, announced this Saturday during a video conference on Bitcoin, that the country wants to become the first nation in the world to adopt cryptocurrency as a legal tender.
Bukele has detailed that he…
Bukele says Claver-Carone will be a “great ally” for development
The president of El Salvador Nayib Bukele pointed out this Saturday, September 12, that the new president-elect of the Inter-American Development Bank (IDB), the American Mauricio Claver-Carone, will be a “great ally” for the countries of…