365 Days Of Financial Freedom: The Stories Of Bitcoin Adoption In El Salvador
A year after the introduction of bitcoin as legal tender in El Salvador, we can reflect on the stories of those who’ve experienced the adoption firsthand.This is an opinion editorial by Renata Rodrigues, global community and education lead at Paxful.On June 8, 2021, when El Salvador announced that Bitcoin was to become legal tender in El Salvador, I knew that this was an opportunity to showcase the real value of Bitcoin. What I saw was a community of people curious and open to embracing an honest and inclusive monetary system that could reduce barriers to wealth and build financial....
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It has been one year since Bitcoin became legal tender in El Salvador. Crypto adoption has not been without issues in El Salvador, but it’s difficult to weed through the different stories about Bitcoin because there are so many competing interests promoting or FUDing Bitcoin. This article will filter through the nonsense and describe how Bitcoin in El Salvador has panned out one year after it became legal tender. Why El Salvador Made Bitcoin Legal Tender El Salvador made Bitcoin legal tender ostensibly for a few reasons. The government cited the following reasons: A significant portion of....
Financial representatives of 44 countries visited El Salvador and saw firsthand how the country’s Bitcoin adoption is changing it for the better.
Curtis Loftis and other SC officials spent five days in El Salvador experiencing first-hand the country’s Bitcoin adoption.
The reduction of the remittance cost seems to be the major reason for the adoption of Bitcoin by El Salvador. CABEI has recognized that remittances are a vital feature of El Salvador’s BTC adoption policy. Central American Countries May Adopt Bitcoin After El Salvador Recently, it was reported that the expectations of the RDB (Regional […]
The 52 proposed legal reforms call for less bureaucracy, less red tape, creating tax incentives to make El Salvador one of the most freedom-centric countries. El Salvador President Nayib Bukele wants to offer citizenship to those who invest in the small Central American nation.President Bukele took to Twitter to inform the crypto community on Sunday that he was sending a list of 52 legal reforms to Congress. Among the most notable proposals, Bukele called for the removal of red tape, reducing bureaucracy, creating tax incentives and most importantly offering citizenships to foreigners....