Bitcoin Legal Tender
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Breaking: Brazil Introduces Bill to Regulate Bitcoin ($BTC), Citizens Call it Flawed

Brazil’s special committee of the Chamber of Deputies a ‘Bitcoin Bill‘ to legalize the use of $BTC in the country. The Federal Deputy of the country Aureo Ribeiro called Bitcoin a worldwide currency with the potential to change millions of lives. Brazil 🇧🇷 presented a bill to regulate #Bitcoin: Bitcoin is a worldwide currency that

Brazil’s special committee of the Chamber of Deputies a ‘Bitcoin Bill‘ to legalize the use of $BTC in the country. The Federal Deputy of the country Aureo Ribeiro called Bitcoin a worldwide currency with the potential to change millions of lives. Brazil 🇧🇷 presented a bill to regulate #Bitcoin: Bitcoin is a worldwide currency that

El Salvador
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El Salvador
Bitcoin News

El Salvador: Government faces investigation into Bitcoin Trust’s expenditure

El Salvador’s Court of Accounts revealed that it had received a complaint from the regional human rights and transparency organization, Cristosal, regarding Bitcoin trust’s expenditure process in El Salvador. The Court of Accounts will now investigate the matter and may impose administrative and asset sanctions against officials as a result. Additionally, the Court of Accounts

El Salvador’s Court of Accounts revealed that it had received a complaint from the regional human rights and transparency organization, Cristosal, regarding Bitcoin trust’s expenditure process in El Salvador. The Court of Accounts will now investigate the matter and may impose administrative and asset sanctions against officials as a result. Additionally, the Court of Accounts

El Salavador
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El Salavador
Bitcoin News

El Salvador Creates History by Integrating Bitcoin as Legal Tender, Buys $21 Million in BTC

El Salvador, the Central American nation created history again today after it finally integrated Bitcoin ($BTC) as legal tender in the country. The country has passed a Bitcoin law back in June and despite criticism and protest within the country, the small Latin American State has gone ahead with its plan. Nayib Bukele, the President

El Salvador, the Central American nation created history again today after it finally integrated Bitcoin ($BTC) as legal tender in the country. The country has passed a Bitcoin law back in June and despite criticism and protest within the country, the small Latin American State has gone ahead with its plan. Nayib Bukele, the President

El Salvador
Bitcoin News
El Salvador
Bitcoin News

Breaking: El Salvador Releases First Regulatory Draft For Banks Under Bitcoin Law

El Salvador created history on June 9 this year after passing a bill to make Bitcoin a legal tender. The small Central American nation has now released the first regulatory draft for banks under the Bitcoin law that is set to come into force from September 7. Banco Central de Reserva (BCR), the Central Bank

El Salvador created history on June 9 this year after passing a bill to make Bitcoin a legal tender. The small Central American nation has now released the first regulatory draft for banks under the Bitcoin law that is set to come into force from September 7. Banco Central de Reserva (BCR), the Central Bank

Bitcoin News
Bitcoin News

Moody’s downgrades El Salvador’s long-term foreign currency issuer rating, and it has a Bitcoin connection

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for

El Salvador
Bitcoin News
El Salvador
Bitcoin News

Did El Salvador Just Represent Bitcoin (BTC) at Tokyo Olympics?

Tokyo Olympics 2020 officially started on 23rd July amid Covid restrictions and after year-long delays. The key event began with a dazzling opening ceremony with 206 participating nations joining the celebrations with a parade of athletes. A South Korean broadcaster used an image to represent each country and for El Salvador, they used Bitcoin’s image.

Tokyo Olympics 2020 officially started on 23rd July amid Covid restrictions and after year-long delays. The key event began with a dazzling opening ceremony with 206 participating nations joining the celebrations with a parade of athletes. A South Korean broadcaster used an image to represent each country and for El Salvador, they used Bitcoin’s image.

El Salvador
Bitcoin News
El Salvador
Bitcoin News

UN’s ECLAC not in favor of El Salvador’s Bitcoin (BTC) Legal Tender

UN’s regional commission, the Economic Commission for Latin America and the Caribbean (ECLAC) has shown apprehension on El Salvador’s Bitcoin incorporation as a Legal Tender. With this ECLAC has joined the long line of organizations that have shown discomfort with making the use of decentralized currency legal in daily routine by El Salvador. Alicia Bárcena

UN’s regional commission, the Economic Commission for Latin America and the Caribbean (ECLAC) has shown apprehension on El Salvador’s Bitcoin incorporation as a Legal Tender. With this ECLAC has joined the long line of organizations that have shown discomfort with making the use of decentralized currency legal in daily routine by El Salvador. Alicia Bárcena

El Salvador
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El Salvador
Bitcoin News

World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation

After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns. On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to

After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns. On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to

JP Morgan
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JP Morgan
Bitcoin News

JP Morgan Compares El Salvador’s Bitcoin Adoption to Dollarization in Early 2000

JP Morgan, the American multinational investment bank reacted to the recent adoption of Bitcoin as a legal tender by El Salvador. The bank compared the Central American nation’s move to dollarization in early 2000 by various countries. It also said the move seems growth-oriented. The bank released a note titled, ‘The Bitcoinization of El Salvador’

JP Morgan, the American multinational investment bank reacted to the recent adoption of Bitcoin as a legal tender by El Salvador. The bank compared the Central American nation’s move to dollarization in early 2000 by various countries. It also said the move seems growth-oriented. The bank released a note titled, ‘The Bitcoinization of El Salvador’

IMF digital Currencies
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IMF digital Currencies
Bitcoin News

IMF Raises Concern Over El Salvador’s Adoption of Bitcoin as Legal Tender

International Monetary Fund (IMF) has raised concerns over El Salvador’s adoption of Bitcoin as a legal tender. It said Bitcoin poses macroeconomics, financial and legal issues. IMF’s statement comes ahead of its meeting with Salvadoran president Nayib Bukele later on Thursday. Gerry Rice, an IMF spokesman said, “Adoption of bitcoin as legal tender raises several

International Monetary Fund (IMF) has raised concerns over El Salvador’s adoption of Bitcoin as a legal tender. It said Bitcoin poses macroeconomics, financial and legal issues. IMF’s statement comes ahead of its meeting with Salvadoran president Nayib Bukele later on Thursday. Gerry Rice, an IMF spokesman said, “Adoption of bitcoin as legal tender raises several

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador Passes the Bitcoin Law In Congress, President Nayib Bukele to Meet the IMF Soon

Latin American country El Salvador is scripting a new history today! El Salvador President Nayib Bukele recently announced that the Bitcoin Law has been officially passed in the Salvadoran Congress with a strong majority of 62 votes. The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes! History!

Latin American country El Salvador is scripting a new history today! El Salvador President Nayib Bukele recently announced that the Bitcoin Law has been officially passed in the Salvadoran Congress with a strong majority of 62 votes. The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes! History!