Senator Kempis suggests Bitcoin be made legal tender in Mexico
Senator Indira Kempis, a pro-Bitcoin Mexican, while speaking at the Bitcoin 2022 Conference in Miami says Mexico is preparing to become the second country to accept Bitcoin as legal cash. Kempis, who was introduced by Samson Mow, former chief strategy officer of Blockstream, argued that if Bitcoin were to become legal tender, it would give […]
El Salvador’s Bitcoin adoption: Could Paraguay be next in line to make Bitcoin a “legal tender”?
The acceptance of Bitcoin as legal cash in El Salvador earlier this month sparked national aspirations throughout Central and South America. Paraguayan congressman Carlitos Rejala sparked excitement among Bitcoin enthusiasts when he stated that Bitcoin would be the “official currency” if he were elected President in 2023, according to a recent tweet. Si nos jugamos […]
Bank of Mexico’s governor does not consider Bitcoin a reliable legal tender
Alejandro Daz de León, the governor of the Bank of Mexico, dismissed Bitcoin (BTC) as a valid legal tender, citing price volatility as a key hindrance to the cryptocurrency’s broad acceptance. When compared to the central bank’s fiat money, Daz de León remarked in a Reuters interview that Bitcoin’s place in today’s financial system resembles […]
El Salvador celebrates ‘Bitcoin Day’ on September 7th, as BTC becomes legal tender
Since the state’s BTC wallet systems are down, El Salvador’s Bitcoin Day is plagued by operational difficulties. Three months after El Salvador’s parliament enacted the landmark legislation, the country’s Bitcoin Law is officially in effect as of September 7. The Central American country has become the first to recognize Bitcoin (BTC) as legal cash, according […]
El Salvador becomes first country to accept Bitcoin as a legal tender after 200 BTC purchase
El Salvador is the world’s first country to recognize Bitcoin as legal money, making it the first in the world to do so. Despite criticism from some local groups, the government believes that bitcoin will be a net good for the economy and society as a result of its implementation. President Nayib Bukele of El […]