A little over a month after El Salvador legitimized Bitcoin as a legal tender within its jurisdiction, and with the value of the flagship asset touching new heights during the weekend, indications have emerged that interest in it has surged drastically in the Central American country. More El Salvadorans are converting their dollars into BTC President Nayib Bukele,...
El Salvador’s bitcoin roll-out has had its up and downs since the country officially made it legal tender on September 7th. In the past month, residents have posted both the good and bad of bitcoin adoption. It has been chiefly favorable as citizens settle into their new standard of having a cryptocurrency as a legal tender, alongside the existing dollar legal tender. The...
Another month, another Bitcoin mined using volcanic power. That’s what’s happening in El Salvador, the little country that could. Plus, Moneygram alters its business. Problems and solutions with Chivo ATMs and the Chivo ecosystem as a whole. Stars in Bitcoin Beach and direct reports from the ground. This edition of our now regular news roundup comes full of action and heartwarming stories, so...
In a move aimed towards attracting investors, authorities in El Salvador are reportedly set to exempt them from all forms of capital gains and income tax related to Bitcoin. Indications regarding this move began to gain wave following an announcement by one of the country's Presidential Legal Counsel....
El Salvador created history in June after the country's congress passed the Bitcoin Bill making it a legal tender in the country. The country celebrated Bitcoin Day on September 7 as BTC was officially integrated into the country's monetary system. President Bukele said that the decision to shift to Bitcoin was done to offer banking The post El Salvador's Bitcoin ($BTC) Adoption Could...
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