El Salvador Maintains that the ‘Volcano Bonds’ initiative will End the Dollar’s Supremacy
El Salvador postpones the Issuance of Bitcoin-backed bonds, but the president maintains they will end the dollar’s supremacy Nayib Bukele Maintains that his “Volcano Bonds” Will End Dollar’s Supremacy El Salvador’s pro-crypto president, Nayib Bukele, tweeted that his Bitcoin-backed “Volcano Bonds” proposal will “make the world a bit difficult to regulate” and put an end […]
Just in: El Salvador Reportedly Postpones Planned Bitcoin Bond
El Salvador’s sudden postponement of its planned issuance of a Bitcoin Bond arose as a result of the current state of the financial market. El Salvador’s Finance Minister Alejandro Zelaya told reporters on Tuesday that the government had decided to postpone the issuance of the bitcoin bond because they wanted to wait for a stable financial market. According to reports by Reuters, the government of El Salvador originally planned to introduce the Bitcoin bond between March 15-20, but the Russia-Ukraine crisis and its influence on bitcoin’s […]
El Salvador’s President reacts to the US proposed bill introduced to investigate the Country’s Bitcoin law
Three U.S. Senators proposed a bill dubbed Accountability for Cryptocurrency in El Salvador Act (ACES) that aims to “mitigate potential risks to the U.S. financial system” such as money laundering and terrorism funding. The development has sparked a backlash from El Salvador’s president urging them to stay out of his country’s business. El Salvador’s President, […]
Senate Proposal Raises Concerns About El Salvador’s Bitcoin Adoption
Senators in the United States presented legislation on Wednesday 16th February demanding the State Department to submit a report on El Salvador’s Bitcoin Law and devise a plan to “mitigate possible dangers to the United States’ financial system.” Jim Risch (R-Idaho), Bob Menendez (D-N.J.), ranking member and chairman of the Senate Foreign Relations Committee, and […]
Paxful launches a Bitcoin education centre in El Salvador
One would expect education before the launch of a project but El Salvador took the reverse decision in its Bitcoin as a legal tender move. A report shows 90% of El Salvadorans have poor or non-existent knowledge of Bitcoin. Paxful , a major peer-to-peer (P2P) Bitcoin (BTC) platform, is attempting to assist Salvadorans in making […]