El Salvador Ends Bitcoin Legal Tender Experiment—What Went Wrong?
El Salvador, the first country to adopt Bitcoin as legal tender in 2021, recently reversed its decision after pressure from the IMF. What led to this change, and what were the outcomes of its nearly four-year crypto experiment? The curious case of El Salvador The 2021 law in El Salvador made Bitcoin (BTC) legal tender, […]
El Salvador buys 12 Bitcoin in a day, bringing reserve to 6,068 BTC
El Salvador’s total Bitcoin stockpile has grown again and now stands at 6,068 Bitcoin, currently worth over $554 million. Source link
El Salvador purchases 2 additional BTC in a single day
The adoption of Bitcoin as a strategic asset by smaller nation-states may be the catalyst that drives bigger countries to follow suit. Source link
Failure or 5D chess? El Salvador IMF deal walks back Bitcoin adoption
A shining example of Bitcoin adoption, Salvadoran President Nayib Bukele disappointed Bitcoiners this week and divided opinion over the asset’s local future. Source link
El Salvador ends mandatory Bitcoin acceptance for merchants
El Salvador’s Legislative Assembly has amended its Bitcoin Law, making it optional for merchants to accept Bitcoin as payment. This change aligns with conditions set by the International Monetary Fund for a $1.4 billion loan aimed at bolstering the nation’s economy. El Salvador made history in September 2021 by becoming the first country to adopt […]
El Salvador amends Bitcoin policies to secure $1.4b IMF Deal
El Salvador has amended its Bitcoin regulations as a part of a deal with the International Monetary Fund. According to Reuters, El Salvador Congress has approved the reforms within minutes of receiving them from President Nayib Bukele, aligning the country’s Bitcoin policies with the terms of its $1.4 billion loan agreement with the IMF. El […]
El Salvador rushes in new Bitcoin law to comply with IMF deal: Report
The legislation reportedly rolls back a previous mandate that businesses accept Bitcoin for payments. Source link
Poland overtakes El Salvador in global Bitcoin ATM count
Poland surpasses El Salvador to become the fifth-largest Bitcoin ATM hub globally, recording 219 active machines amid a four-month installation spree. Source link
El Salvador buys another 12 Bitcoin for country’s reserve despite IMF deal
El Salvador’s total stockpile now stands at 6,044 Bitcoin, worth over $617 million, after the country bought an additional 12 BTC in the last day. Source link
Tether to establish HQ in El Salvador
The entire Tether Group will relocate its operations to Bitcoin-friendly El Salvador after securing regulatory licenses. Tether and its subsidiaries plan to establish a global headquarters in El Salvador, the first country to adopt Bitcoin (BTC) as legal tender. “This decision is a natural progression,” Tether CEO Paolo Ardoino said in a press statement as […]
