According to El Salvador’s minister of tourism, the nation is seeing an all-time high in the number of visitors. The statement is part of a larger PR push by the Central American nation to change its image from one of a lawless backwater to that of a Bitcoin and surf
The country of El Salvador, located in Central America, has demonstrated a steadfast commitment to and prominent achievements in the realm of cryptocurrency. Recently, Bitfinex Securities took to their Twitter account to announce that they have been granted a license to operate in El Salvador, which has made history as
El Salvador is obviously focused on technological improvements as the rest of the globe contends with banking and other economic issues. Consequently, President Nayib Bukele intends to do away with all taxation related to technological development. Income, property, and capital gains taxes, as well as tariffs on imported goods on
President Nayib Bukele of El Salvador introduced legislation on June 5, 2021, that would recognize Bitcoin as legal money in the country. Since then, El Salvador has been the pioneer in officially recognizing Bitcoin as a legal tender. That was the first time in history that a government had officially
While the International Monetary Fund (IMF) ‘warned El Salvador’ against boosting the government’s involvement with Bitcoin (BTC), the Central American country plans to open a second “Bitcoin Embassy” in Texas after establishing its first one in Lugano, Switzerland. According to a Twitter post from Milena Mayorga, El Salvador’s Ambassador to
The International Monetary Fund (IMF) issued a final report on the economy of El Salvador on February 10, 2023. From January 30th to February 8th, the IMF conducted an Article IV consultation with the government of El Salvador. The IMF warns that “risks should be addressed” as it relates to
Despite the skepticism expressed by significant national and international media outlets that the “El Salvador government was in default,” President Nayib Bukele stated on his Twitter account that ‘the country fully paid the bond maturing in 2023, worth $800 million plus interest’. In the past year, almost every legacy international
El Salvador’s Miss Universe delegate walks the ramp dressed up as Bitcoin (BTC). The 71st Miss Universe preliminary rounds started on Jan 11th, 2023 in New Orleans. The competition features almost 90 beautiful women from every part of the world. Following the opening night ceremony, the next round of competition
Although substantial use of digital assets already existed in El Salvador. The country’s formal acceptance of a regulatory framework for all cryptocurrencies marks a significant step forward. The legislation was officially enacted today, according to the National Bitcoin Office of El Salvador (ONBTC). In light of its “first-mover advantage.” The
The stigma of aura surrounding the Bitcoin (BTC), never evades despite whatever be the market conditions. Though there are many cryptocurrencies, and fiats into action, the BTC has always possessed the supremacy, and so will always will. Accordingly, the CEO of Jan3, Samson Mow puts forth that considering the current
