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0 CommentsEl Salvador announced the country is looking to exempt foreign investors from taxes on Bitcoin profits to encourage foreign investment. While “over half a million users” have registered in the country’s Chivo Bitcoin wallet, President Nayib Bukele said. According to Javier Argueta, the legal advisor to El Salvador’s President, the policy aims to encourage entrepreneurs…
493 ViewsOn Tuesday, El Salvador became the first country to adopt Bitcoin as legal tender, although this radical monetary experiment could pose risks to the emerging economy. On the first day, it already suffered teething problems when the government had to unplug a digital wallet to cope with demand. September 7, 2021, will be forever etched…
456 ViewsThe World Bank has rejected El Salvador’s request for help on the implementation of Bitcoin as a legal tender. After it comes, Bitcoin hovered below $40,000 on Thursday morning. In Wednesday’s announcement, the World Bank stated it could not assist El Salvador’s Bitcoin implementation because of environmental and transparency drawbacks. “We are committed to helping…
504 ViewsEl Salvador has become the first country to officially recognizes Bitcoin as legal tender. A supermajority of lawmakers in the Latin American country’s Legislature voted by the Bitcoin Law. In a Wednesday vote, El Salvador’s Congress voted by a supermajority in favor of the president’s proposal for the Central American nation to adopt Bitcoin as…
562 ViewsThe president of El Salvador, Nayib Bukele, announced that the country’s government would declare Bitcoin as legal tender, alongside the U.S. dollar. In a video broadcast to a multiday conference Miami Bitcoin 2021, the president announced El Salvador’s partnership with Strike, a digital wallet company, to build the country’s modern financial infrastructure using Bitcoin technology….
