Bukele’s El Salvador 23% Down On Bitcoin Investments Less Than A Year Since A...

Bukele’s El Salvador 23% Down On Bitcoin Investments Less Than A Year Since A...

El Salvador’s bitcoin experiment has been ongoing for less than a year. Things aren’t going as smoothly as the small Central American country had hoped, at least in terms of bitcoin investments as the crypto market enters a bloodbath. El Salvador Bitcoin Experiment Last June, El Salvador’s President Nayib Bukele shocked the globe by announcing […]


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A Rocky Start for Bukele’s Bitcoin Law — El Salvador After Adoption

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El Salvador Buys 410 More Bitcoins In Recent Dip

El Salvador President Nayib Bukele announced that the Central American country purchased 410 more Bitcoins in a recent market dip. The announcement came days after his administration revealed its intentions to invest significant funds into cryptocurrency mining operations. Amid market drop, El Salvador purchases 410 more bitcoins. President Bukele says the nation now has over 1,800 BTC and plans to issue a $1 billion 10-year bitcoin bond this year. El Salvador is the first country to adopt bitcoin as legal tender, and we have seen great results so far. The country’s central bank reported....

Article 7: Is It Obligatory For Vendors To Receive Bitcoin In El Salvador?

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Inside El Salvador’s Bitcoin experiment: Cointelegraph video report

Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation's economy. Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar.The country's new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as a currency to purchase goods and services, as well as to pay taxes and debt. El Salvador’s president, Nayib Bukele, has stated that Bitcoin adoption will hugely benefit the 70% of the local population that lacks access to banking services. He also....

Opposition poses constitutional challenge to El Salvador's Bitcoin law

A political party in El Salvador has filed a lawsuit alleging President Bukele’s new Bitcoin law could be unconstitutional and harmful to the country. El Salvador’s grand plans to promote Bitcoin adoption could be turned on their head if President Bukele’s Bitcoin law is proven to be unconstitutional in the country’s courts.A group of citizens joining forces with political party, Farabundo Martí National Liberation Front (FMLN), has filed a lawsuit claiming President Bukele’s Bitcoin adoption program is unconstitutional.FMLN legislator, Jaime Guevara, led the move along with citizens....