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Majority of Salvadorans Skeptical of BTC as Currency, Poll Finds


President Nayib Bukele’s adoption of cryptocurrency as legal tender in his country is not being met with deep understanding by most of his fellow Salvadorans, a new survey suggests. Almost half of the respondents admitted they knew nothing about Bitcoin, while two-thirds aren’t ready...

Bitcoin Starts Legal Tender Test on Sept 7, Bukele Sees 'Dirty Campaign'


The president of El Salvador, Nayib Bukele. Source: Twitter/ @PresidenciaSV The most popular cryptocurrency, bitcoin (BTC), will become legal tender on September 7 and will be optional for those who don't want to receive it, El Salvador's President Nayib Bukele said in a national address...

Bukele Teases Volcano-powered Bitcoin Mining Center as Exchange Arrives


Source: Twitter/@nayibbukele Not everybody in El Salvador may be aboard the Bitcoin (BTC) boat – but the nation’s bullishly pro-BTC President Nayib Bukele appears set to press ahead with his crypto plans nonetheless, with an overseas exchange opening its doors for business and a “sneak peek” at...

MP Lodges Constitutional Challenge to Bukele’s Bitcoin Bill


Another Salvadorian MP has launched a bid to derail President Nayib Bukele’s bitcoin (BTC) adoption bill – and has teamed up with a lawyer as part of his effort. As reported last week, two lawmakers from the opposition Farabundo Martí National Liberation Front (FMNL) party last week lodged a bid...

Understanding What Turned El Salvador’s President Bukele on to Bitcoin


Nayib Bukele. Source: A screenshot, Instagram/nayibbukele It’s February 3, 2019, and the world’s media is reporting that Nayib Bukele, “the Latin American Donald Trump,” has just swept to power in El Salvador’s presidential elections. Turns out this is some pretty lazy reporting: Yes, Bukele is...

El Salvador Bitcoin Law Making BTC Legal Tender Passes With Supermajority


The bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private...

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