Bitcoin will become legal tender in El Salvador alongside the U.S. dollar in seven days. The Salvadoran government has released a video explaining what to expect when the Bitcoin Law…
The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The…
El Salvador was serious when it said it was making bitcoin a legal currency within its borders, and anyone who didn’t believe the nation’s regulators are likely getting a good…
The Central American Bank for Economic Integration (CABEI) believes that other central American countries could adopt Bitcoin as legal tender to follow El Salvador. The executives of CABEI recently talked…
El Salvador’s government has started installing Bitcoin ATMs to allow citizens to convert the crypto into US dollars and withdraw it in cash. El Salvador President Nayib Bukele stated that…
Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal…
Fitch Ratings Inc has warned that El Salvador’s move to adopt Bitcoin as a legal tender poses a severe risk to its local insurance firms. On June 9, Nayib Bukele,…
Alberto Fernandez, the president of Argentina, stated he is open to the adoption of cryptocurrencies as legal tender in an interview this week. Fernandez said there is a big discussion…
Cambodia is another country that is heavily reliant on the U.S. dollar. Tired of its dependence on USD, the country has launched a centralized, bank-issued cryptocurrency, hoping that people will…
As previously reported, El Salvador has become the first country in history to declare bitcoin legal tender. Several financial institutions – such as the World Bank – are not too…