By adopting Bitcoin, El Salvador hopes to end its reliance on foreign debt by 2025. President Bukele is introducing self-financed budgets, aiming for fiscal independence without international loans. El Salvador…
Browsing: El Salvador
El Salvador’s president Nayib Bukele discloses profit and numerous benefits since legalizing Bitcoin as a legal tender in 2021. He said potential profits and financial inclusion fueled their Bitcoin move.…
El Salvador, the first nation to adopt Bitcoin, has launched a Bitcoin certification program for 80,000 civil servants. El Salvador’s bold adoption of Bitcoin has caught the attention of countries…
El Salvador’s $1.6B investment aims to transform Bitcoin City and ports, positioning the country as a Latin American logistics powerhouse. Bitcoin City’s development sparks excitement as Bitcoin approaches $100K, with…
The IMF is discussing with El Salvador to address the economic risks associated with Bitcoin’s adoption as a legal tender. Despite market volatility, El Salvador continues to buy Bitcoin and…
El Salvador is set to improve its fiscal balance by 3.5% of GDP over three years, streamline public spending, and seek support from the IMF and multilateral development banks. Despite…
El Salvador’s President Nayib Bukele and ARK Invest’s Cathie Wood have partnered to explore Bitcoin’s potential. Cathie Wood pointed out the president’s vision to turn El Salvador into the Bitcoin…
El Salvador launches a proof-of-reserves website for tracking its Bitcoin holdings, aiming to boost transparency in its cryptocurrency operations. The country’s move follows its groundbreaking decision to adopt Bitcoin as…
Tokenized debt facilitates new investment opportunities in El Salvador’s real estate through Bitcoin. Investors can engage with a minimum of $1,000, enjoying returns and benefits like free accommodation. In a…
El Salvador’s President Nayib Bukele reaffirmed the country’s commitment to its Bitcoin strategy amidst Bitcoin’s surge to $64,000, highlighting the potential for significant profits. Bukele emphasized the principle of “1…
When asked whether El Salvador would eject Bitcoin to receive billions in funding from the International Monetary Fund (IMF), Vice President Félix Ulloa insisted that the country would never forsake…
Nayib Bukele’s pro-Bitcoin stance propels his Nuevas Ideas party to a commanding lead in El Salvador’s 2024 presidential elections. Bukele’s early victory claim and the positive impact on Bitcoin prices…
El Salvador remains committed to Bitcoin as legal tender, defying IMF calls for reconsideration and bolstered by the SEC’s approval of Bitcoin ETFs. Plans for bitcoin-backed bonds, a tax-free crypto…
El Salvador’s Legislative Assembly has passed a migration law allowing expedited citizenship for foreigners making Bitcoin donations to government programs. The law emphasizes altruistic support for the country’s development initiatives…
El Salvador’s “Adopting El Salvador Freedom Visa Program” for Bitcoin donation gaining momentum as hundreds make inquiries. According to El Salvador’s National Bitcoin Office (ONBTC), 1000 slots are allocated to…
The El Salvador government has finally revealed that its Bitcoin volcano bonds will be released in the first quarter of next year after a local authority provided regulatory approval. The…
President Nayib Bukele of El Salvador is accused of allocating over $200 million from COVID-19 relief funds for Bitcoin infrastructure, defying loan agreements. Criticism arises as reports indicate a low…
Nayib Bukele, El Salvador’s President, and a Bitcoin enthusiast, has officially submitted his application for the 2024 presidential elections. Despite criticism and legal concerns about his eligibility for re-election, Bukele’s…
El Salvador pioneers with its first Bitcoin mining pool, Lava Pool, backed by 241 MW of renewable energy. Lava Pool aims to decentralize mining and provide an affordable option for…
Google Cloud to establish an office in El Salvador as part of a seven-year strategic partnership focusing on three distinct areas. According to some industry key players, Google’s decision to…