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 […]
Data shows El Salvador ranks third in global Bitcoin ATM installations
El Salvador now has the third-largest network of crypto ATMs in the world following the United States and Canada, The country now accounts for 70% of all crypto ATMs in South America. El Salvador has surpassed the United Kingdom in terms of crypto ATM deployment, according to Coin ATM Radar, with 205 crypto ATMs installed […]
El Salvador’s government to be investigated over Bitcoin purchases and crypto ATMs
Following a complaint about its Bitcoin purchases, El Salvador’s Court of Accounts will investigate President Nayib Bukele’s government. According to Reuters, El Salvador’s Court of Accounts will investigate a complaint about the government’s purchase of Bitcoin as well as the government’s process for building crypto ATMs. According to Reuters, the Court of Accounts, which oversees […]
Cryptocurrency restrictions in Cuba takes effect
In Cuba, cryptocurrency is now legal tender for commercial transactions. The Banco Central de Cuba (BCC) — the country’s central bank — has officially released Resolution 215 of 2021, which recognises cryptocurrencies such as Bitcoin (BTC). The directive went into effect on Wednesday, according to Cuba’s official state news agency, Prensa Latina. Bitcoin and other […]
Protesters set Bitcoin ATM on fire as part of demonstration against El Salvador’s president
An anti-Bitcoin logo and a placard reading “democracy is not for sale” could be spotted defaced on the Chivo ATM as demonstrators protest against the El Salvador’s president. Bitcoin critics and those opposing the policies of El Salvadoran President Nayib Bukele have demolished a cryptocurrency kiosk in the country’s capital, San Salvador. On Wednesday, the […]