The International Monetary Fund (IMF) criticized the Central African Republic’s decision to adopt bitcoin as its official currency, as El Salvador did. The IMF insists that adoption poses legal economic challenges not just for the country but also for the region. The IMF said the
A recently published survey reveals that, although the drop seen in the price of Bitcoin negatively affected investors in the main digital currency, one of the most affected has been precisely the government of El Salvador, which has seen its value significantly reduced. According to
The International Monetary Fund, better known by its acronym as the IMF, once again said that the government of El Salvador should reverse its decision to grant status to Bitcoin as legal tender in the country, once again highlighting the risks associated with the use
The bet made on bitcoin (BTC) by Nayib Bukele, president of El Salvador, is costing the country dearly, according to calculations made by Bloomberg. Based on Bukele’s frequent announcements on Twitter about acquiring bitcoin alone, the Salvadoran president bought 1,391 BTC. These acquisitions, according to
El Salvador’s President Nayib Bukele has announced that the country will build 20 new “Bitcoin Schools” with the profits from the cryptocurrency. The information was confirmed by the president’s press secretary on Twitter and shared by Bukele. "Además, quiero anunciar que con unos millones que
The government of El Salvador increased its Bitcoin reserves during the fall on Wednesday (27). According to Nayib Bukele, president of the country, the Central American nation has added another 420 BTC to its internal reserves. “It was a long wait, but it’s worth it.
Vitalik Buterin, co-founder of Ethereum, disagreed with the way the government of El Salvador is promoting the adoption of Bitcoin. Thus, the Russian-Canadian programmer also criticized the BTC maximalists who have applauded President Nayib Bukele’s every move since he announced his plan for the cryptocurrency
The President of El Salvador, Nayib Bukele, announced on Thursday (30) on his Twitter account that as of October 1, consumers who will fill up their vehicle and pay with the state-owned bitcoin wallet, Chivo, will have a $0.20 per gallon discount. The benefit, according
Three weeks after adopting Ley Bitcoin, one in four citizens of El Salvador already use cryptocurrency in their daily lives. The information came from Nayib Bukele, the country’s president, in a tweet published on Monday (20). According to Bukele, around 1.6 million people have already
El Salvador president announced on twitter that the country bought 150 more bitcoins and now holds 700. “We just bought the dip. 150 new coins! El Salvador now holds 700 coins.”, the president said. We just bought the dip. 150 new coins! El Salvador now