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El Salvador adopting Bitcoin could make it lose market dominance
21.6.2021
The Salvadoran experiment is the shot heard round the world for the mainstream adoption of decentralized digital currencies as money
Russian Billionaire Slams Central Bank’s Crypto Policy, Says Even El Salvador Realizes the Need for Bitcoin
21.6.2021
Russian billionaire Oleg Deripaska wants the Bank of Russia, the country’s central bank, to embrace cryptocurrency, citing El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country. Billionaire Oleg Deripaska is the founder...
Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub
20.6.2021
A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tender. Paraguay Wants to Be Global Hub for Crypto...
Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
20.6.2021
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely...
Bitcoin under threat, El Salvador rejected, Mark Cuban stung, McAfee ‘has nothing’: Hodler’s Digest, June 13–19
19.6.2021
Camarasal Poll Shows Entrepreneurs Are Worried About Bitcoin Law in El Salvador
18.6.2021
Camarasal, a well known entrepreneur association in El Salvador, announced the results of a poll made this month. The poll shows almost 100% of Salvadorans worry about the implementation of the bitcoin tender law approved recently. Most criticize the obligatory character of receiving bitcoin...
Shanghai Man: Economist says El Salvador 'on road to death', salaries paid in e-CNY ...
18.6.2021
Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform SynFutures
Bitcoin Salaries a No-go, Confirms El Salvador as Adoption Worries Rise
17.6.2021
El Salvador’s President Nayib Bukele’s plans to launch a bitcoin (BTC)-powered society could be hampered by internal concerns about the most popular cryptocurrency – with the government apparently bowing to public pressure and ruling out the notion of bitcoin salaries.
As reported yesterday,...
World Bank Refuses to Help El Salvador Make Bitcoin Legal Tender Citing Environmental and Transparency Issues
17.6.2021
The World Bank has refused to provide technical assistance to El Salvador in implementing bitcoin as legal tender. The bank cited bitcoin’s “environmental and transparency shortcomings” as the reason. World Bank Won’t Help El Salvador With Bitcoin Law The World Bank said...
An asset for all classes: What to expect from Bitcoin as a legal tender
17.6.2021
New tech that reduces costs of international payments would “be a boon for poor countries that rely on remittances” — but will BTC as legal tender fix that?
Bitcoiners Boo 'Official Bitcoin Ambassadors' to El Salvador
17.6.2021
Brock Pierce: Source: Twitter/@brockpierce
Representatives of the Cryptoverse continue their expeditions to El Salvador on a quest to meet government officials and president Nayib Bukele and share insights on Bitcoin (BTC) and complementary technologies. This time, it was Brock Pierce,...
World Bank Accused Of Ignorance & Hypocrisy As It Refuses to Help El Salvador
17.6.2021
Commentators have accused the World Bank of hypocrisy and ignorance after it stated that it would not assist El Salvador and its President Nayib Bukele’s plan to create a bitcoin (BTC)-powered economy – claiming that bitcoin has displayed “environmental” and “transparency” “shortcomings.”
Per...
World Bank refuses El Salvador's request for help on BTC transition
17.6.2021
The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender
Central American Bank for Economic Integration to Help El Salvador Implement Bitcoin as Legal Tender
17.6.2021
The Central American Bank for Economic Integration (CABEI), which has 15 member countries, will help El Salvador implement bitcoin as legal tender. The CABEI president has expressed his support. “We’re very optimistic,” he said. Central American Bank for Economic Integration...
Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal Tender
16.6.2021
Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there’s an area in El Salvador called “Bitcoin Beach” with a small group...
El Salvador Gov’t Mulls BTC Pay as Int’l Bitcoin Players ‘Roll into Town’
16.6.2021
President Nayib Bukele met with bitcoiners yesterday. Source: Twitter/@PeterMcCormack
The government of El Salvador is forging away at its President Nayib Bukele’s dream of creating a bitcoin (BTC)-powered economy – with the cabinet “discussing” plans to allow firms to pay employees in BTC...
El Salvador minister says it’s too early to use Bitcoin for wages
16.6.2021
It’s too soon to talk about Bitcoin-based wages in El Salvador, Minister Rolando Castro stated
Steve Hanke warns BTC could 'completely collapse the economy' of El Salvador
16.6.2021
Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender, and questioned how Bitcoin would function in day-to-day transactions
El Salvador reportedly weighing paying employees in Bitcoin
15.6.2021
A 2001 law on monetary integration in the country states that salaries and fees may only be paid in colónes or dollars
Russian Foreign Minister States Crypto Might Play a Significant Role in Settlements
15.6.2021
The Russian Foreign Minister Sergei Lavrov talked about the future importance of cryptocurrencies as an international settlements layer at the Primakov Readings Forum. Lavrov referred to these assets as having a “significant role” in the future. Russia has been striving to de-dollarize...