El Salvador Cryptocurrency
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Tether Set to Relocate Head Office to Crypto-Friendly El Salvador
Tether has decided to move its headquarters from the British Virgin Islands to El Salvador, The development comes after Tether recently acquired the licence of a virtual asset service provider (VASP) there.
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El Salvador President 'Flexes' Country's Portfolio After Bitcoin Crosses $100,000. Internet Reacts
Billionaire Elon Musk reacted to El Salvador President Nayib Bukle's post on X (formerly Twitter), flexing the bitcoin holdings.
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IMF Asks El Salvador to Narrow Scope of Bitcoin Law, Limit Public Exposure
IMF spokesperson Julie Kozack has said that El Salvador should narrow the scope of the Bitcoin law, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting public sector exposure to Bitcoin.
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How A Taxi Driver In El Salvador Got Rich With Bitcoin
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador.
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Crypto ATMs See Twice as Many Illicit Activities as Overall Industry: TRM Labs
A report by blockchain intelligence firm TRM Labs claims that the rate of illicit activities around crypto ATMs is double of what the entire ecosystem usually witnesses. In 2023, illicit volumes in the cash-to-crypto industry stood at 1.2 percent of total volume, double the 0.63 percent for the overall crypto ecosystem.
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El Salvador Doubles Down on Bitcoin Strategy, Set to Upskill Over 80,000 Civil Servants
Over 80,000 Salvadoran civil servants are set up to be trained in efficiently using Bitcoin-related technology and upon completion of the training, these officials will be provided with a certification.
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Jack Dorsey-Backed Bitcoin Miner ‘Ocean’ Moves Headquarters to El Salvador
Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.
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Argentina Authorities Discuss Bitcoin Adoption Strategy, Experience With Counterparts From El Salvador
Last week, senior leadership of the Argentinian National Securities Commission (CNV) had a meeting with El Salvador’s National Digital Assets Commission (CNAD) to assess the impact of adopting Bitcoin on the economy that it may have observed in the last few years.
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IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
The IMF has asked El Salvador to change its policies around Bitcoin in order to get the aid of $1.4 billion that it needs to expedite public debt payments and other financial obligations.
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‘Freedom Visa’: What is El Salvador’s New Plan to Boost Tourism, Revenue Via BTC
El Salvador’s National Bitcoin Office (ONBTC) has announced a new initiative called the Freedom Visa. Through this, El Salvador will grant a residency visa to those willing to donate a million-dollar worth of Bitcoin or Tether into the national treasury.
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Binance Gets Fully Licenced in Pro-Bitcoin El Salvador Amid Tussle with US SEC
Binance is now a fully licenced crypto exchange in El Salvador. The licences were approved by the Salvadoran Central Reserve Bank and the National Commission of Digital Assets. With this, Binance will be able to offer Salvadoran residents with an array of crypto services, which the other exchanges operating there do not offer for now.
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Japan PM Vouches to Usher in Web3 Era with Faith in Upcoming Internet Transformation
Japan is ready to host players working in the Web3 industry despite regulatory uncertainty and the element of volatility linked to the sector. The country is looking to generate employment numbers to help its citizens, as well as its economy, via Web3 projects.
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent
Data from the Salvadoran Central Reserve Bank (BCR) has revealed that BTC-based remittances have slipped by 17.8 percent around January and February this year. In the first two month of 2022, El Salvador had bagged $19.45 million (roughly Rs. 160 crore) in remittances received as Bitcoin tokens. Whereas this year, during the same months, the amount...
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El Salvador Begins Granting Licences to Crypto Firms, Bitfinix Becomes First Beneficiary
Bitfinex has become the first crypto firm to have secured an official licence from El Salvador to operate as a digital asset service provider in the nation. El Salvador mandated licencing for crypto firms this January, in order to bring more regulations to govern the crypto-related activities transpiring within its territory.
-
Tether Set to Relocate Head Office to Crypto-Friendly El Salvador
Tether has decided to move its headquarters from the British Virgin Islands to El Salvador, The development comes after Tether recently acquired the licence of a virtual asset service provider (VASP) there.
-
El Salvador President 'Flexes' Country's Portfolio After Bitcoin Crosses $100,000. Internet Reacts
Billionaire Elon Musk reacted to El Salvador President Nayib Bukle's post on X (formerly Twitter), flexing the bitcoin holdings.
-
IMF Asks El Salvador to Narrow Scope of Bitcoin Law, Limit Public Exposure
IMF spokesperson Julie Kozack has said that El Salvador should narrow the scope of the Bitcoin law, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting public sector exposure to Bitcoin.
-
How A Taxi Driver In El Salvador Got Rich With Bitcoin
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador.
-
Crypto ATMs See Twice as Many Illicit Activities as Overall Industry: TRM Labs
A report by blockchain intelligence firm TRM Labs claims that the rate of illicit activities around crypto ATMs is double of what the entire ecosystem usually witnesses. In 2023, illicit volumes in the cash-to-crypto industry stood at 1.2 percent of total volume, double the 0.63 percent for the overall crypto ecosystem.
-
El Salvador Doubles Down on Bitcoin Strategy, Set to Upskill Over 80,000 Civil Servants
Over 80,000 Salvadoran civil servants are set up to be trained in efficiently using Bitcoin-related technology and upon completion of the training, these officials will be provided with a certification.
-
Jack Dorsey-Backed Bitcoin Miner ‘Ocean’ Moves Headquarters to El Salvador
Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.
-
Argentina Authorities Discuss Bitcoin Adoption Strategy, Experience With Counterparts From El Salvador
Last week, senior leadership of the Argentinian National Securities Commission (CNV) had a meeting with El Salvador’s National Digital Assets Commission (CNAD) to assess the impact of adopting Bitcoin on the economy that it may have observed in the last few years.
-
IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
The IMF has asked El Salvador to change its policies around Bitcoin in order to get the aid of $1.4 billion that it needs to expedite public debt payments and other financial obligations.
-
‘Freedom Visa’: What is El Salvador’s New Plan to Boost Tourism, Revenue Via BTC
El Salvador’s National Bitcoin Office (ONBTC) has announced a new initiative called the Freedom Visa. Through this, El Salvador will grant a residency visa to those willing to donate a million-dollar worth of Bitcoin or Tether into the national treasury.
-
Binance Gets Fully Licenced in Pro-Bitcoin El Salvador Amid Tussle with US SEC
Binance is now a fully licenced crypto exchange in El Salvador. The licences were approved by the Salvadoran Central Reserve Bank and the National Commission of Digital Assets. With this, Binance will be able to offer Salvadoran residents with an array of crypto services, which the other exchanges operating there do not offer for now.
-
Japan PM Vouches to Usher in Web3 Era with Faith in Upcoming Internet Transformation
Japan is ready to host players working in the Web3 industry despite regulatory uncertainty and the element of volatility linked to the sector. The country is looking to generate employment numbers to help its citizens, as well as its economy, via Web3 projects.
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
-
Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent
Data from the Salvadoran Central Reserve Bank (BCR) has revealed that BTC-based remittances have slipped by 17.8 percent around January and February this year. In the first two month of 2022, El Salvador had bagged $19.45 million (roughly Rs. 160 crore) in remittances received as Bitcoin tokens. Whereas this year, during the same months, the amount...
-
El Salvador Begins Granting Licences to Crypto Firms, Bitfinix Becomes First Beneficiary
Bitfinex has become the first crypto firm to have secured an official licence from El Salvador to operate as a digital asset service provider in the nation. El Salvador mandated licencing for crypto firms this January, in order to bring more regulations to govern the crypto-related activities transpiring within its territory.
