A recent publication in the Financial Times pointed out that El Salvador is enjoying economic stability and has avoided default risks, thanks to measures taken by President Nayib Bukele’s government to combat violence and crime, as well as tax evasion by businesses in the country. Seguir leyendo Financial Times Highlights Economic Stability in El Salvador Thanks to Security and Anti-Evasion Measures.
Amid the widespread speculation surrounding the traditional banking system, investors have sought refuge in high-quality assets and bitcoin has begun to regain ground with a 36.5% growth in the last two weeks. Seguir leyendo Bitcoin Emerges as a Safe Haven in the Face of Traditional Banking System Crisis.
The ambassador of El Salvador to the US, Milena Mayorga, announced that after a meeting with Texas authorities, it was agreed to establish a specialized representation in cryptocurrencies. Seguir leyendo El Salvador will open its second bitcoin embassy in Texas.
Bloomberg states that there are more investors willing to invest in El Salvador. Fiscal and monetary policies are part of the improvements. Seguir leyendo President Nayib Bukele has surprised and won the trust of Wall Street.
Vice President Félix Ulloa met with the founders of the Bitcoin Racing team, who expressed their great interest of investing in the country. Seguir leyendo The Bitcoin Racing Team is interested in expanding its business to the El Jabalí International Raceway.
Jack Dorsey, the former CEO of Twitter and now an entrepreneur in the Bitcoin industry, donated 0.28 BTC to Mi Primer Bitcoin, an organization focused on financial education in El Salvador. Seguir leyendo Jack Dorsey donated 0.28 BTC to My First Bitcoin in El Salvador.
The regulation, which will attract investment to El Salvador, was supported with the votes of Nuevas Ideas, GANA, PCN, and PDC but rejected by ARENA, FMLN, VAMOS, and Nuestro Tiempo. Seguir leyendo El Salvador will issue bitcoin bonds after approving the Digital Securities Law.
Through its Twitter account, The Bitcoin Office shared in a thread 21 events of 2022 that highlighted the benefits of the economic model of freedom led by President Nayib Bukele. Seguir leyendo The Bitcoin Office in El Salvador will keep strengthening the model of economic freedom led by President Bukele.
According to Migration, the main reasons for visiting the country are surfing, cryptotourism, and investment exploration. Seguir leyendo More than 4.5 million travelers crossed the borders of El Salvador
The event seeks to educate on the use of blockchain technology and show the progress made by El Salvador in the adoption of bitcoin. Seguir leyendo Adopting Bitcoin kicks off with over 1,000 participants