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Friday, August 19, 2022

El Salvador


A poor country made bitcoin a national currency, the bet isn’t paying off

July 06, 2022 11:30 am

Only 48 new companies focused on bitcoin have registered in El Salvador since the cryptocurrency’s introduction, according to the country’s central bank; that represents less than 2% of all businesses that opened in 2019.

El Salvador declares state of emergency over gang killings

March 28, 2022 10:17 pm

The Central American country is imposing measures to crack down on violent street gangs. More than 60 gang-related deaths were recorded on Saturday.

El Salvador says Ukraine is factor in bitcoin-backed bond timing

March 12, 2022 5:59 pm

President Nayib Bukele aims to issue his country's first-ever $1 billion bitcoin-backed bond this month and use the proceeds to buy more cryptocurrencies and build "Bitcoin City".

El Salvador charges ex-president in 1989 Jesuit massacre

February 26, 2022 3:21 pm

The probe had been put on hold when the military officers appealed the case to the Supreme Court in 2019. But in January the Supreme Court ordered the re-opening of the investigation.

Amid backlash from IMF, El Salvador changes tech provider for its ‘Chivo’ wallet

February 02, 2022 11:49 am

The El Salvadoran government deposited $30 in Bitcoin in every citizens' Chivo wallet as ‘seed money’ to propel Bitcoin transactions.

IMF says it continues to have strong engagement with El Salvador

January 29, 2022 4:43 pm

El Salvador became in September the first country to make bitcoin a legal tender, alongside the U.S. dollar.

IMF urges El Salvador to scale back its Bitcoin push

January 29, 2022 10:27 am

The government did not see a need to scale back the scope of its Bitcoin law, but agreed regulation could be strengthened, according to the report.

El Salvadorans report missing Bitcoin from their Chivo cryptocurrency wallet

December 29, 2021 7:34 pm

Chivo wallet is a crypto wallet for citizens to facilitate transactions in Bitcoin.

Explained: What is El Salvador's Bitcoin city?

November 23, 2021 12:25 pm

El Salvador's “Bitcoin City” would be funded with the issuance of a $1 billion Bitcoin Bond. The city will be located along the Gulf of Fonseca near a volcano.

El Salvador plans first 'Bitcoin City', backed by bitcoin bonds

November 22, 2021 9:50 am

Speaking at an event closing a week-long promotion of bitcoin in El Salvador, Bukele said the city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for value added tax (VAT).