El Salvador, the world’s first country to adopt Bitcoin as legal tender, has continued buying the cryptocurrency despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that included provisions discouraging further accumulati

Officials with the US Securities and Exchange Commission’s (SEC) crypto task force met with the El Salvador National Commission on Digital Assets (CNAD) to discuss regulation and a proposed cross-border sandbox.In an April 22 memo, the SEC’s crypto t

A UK crypto broker reportedly jumped 30 feet from a balcony to escape kidnappers who were threatening to torture and kill him for his crypto.According to a Feb. 9 report from UK media outlet Metro, three British men have been arrested over the kidnap

El Salvador has again stocked up its growing Bitcoin reserve, buying 12 Bitcoin in the last day amid a dip in the crypto markets.The country bought 11 Bitcoin on Feb. 4 for just over $1.1 million, an average price of $101,816 per Bitcoin. It later p

El Salvador has rescinded Bitcoin’s status as a full legal tender in order to close a deal with the International Monetary Fund (IMF), leaving Bitcoin advocates split over what this means for adoption in the country.The changes came amid tense negot

Staunch crypto skeptic and disgraced former U.S. Senator Bob Menendez was sentenced to 11 years in prison on Wednesday on charges of bribery and acting as an agent for Egypt, the Associated Press reported.Menendez was a Democrat from New Jersey and f

Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers.

El Salvador president Nayib Bukele donated Bitcoin (CRYPTO: BTC) to well-known philanthropist Shin Fujiyama to help raise funds to build schools in the Central American nation of Honduras. read more

El Salvador’s adoption of Bitcoin as legal tender in Sept. 2021 coincided with notable shifts in the country’s inflation rate. Inflation stood at 4.9% when the government first purchased 200 BTC on Sept. 6, 2021. By June 2022, inflation peaked at 7.7

Bitcoin (CRYPTO: BTC) advocate Jamie Robinson recently drew attention to digital displays exhibiting the price of the leading cryptocurrency in El Salvador, a sight visible to thousands of commuters daily. read more

The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remitta

American entrepreneur Elon Musk and El Salvador president Nayib Bukele recently convened, garnering attention across the globe. On Saturday, the Tesla & SpaceX CEO revealed that he had an “excellent conversation with President Nayib Bukele,” over

Bhutan surpasses El Salvador in Bitcoin holdings, highlighting diverse national strategies in the rising trend of global crypto adoption.

President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be th

El Salvador will no longer use external debt to finance its national budget starting in 2025. The country’s President, Nayib Bukele, announced this during his Independence Day address on September 15. The country’s Bitcoin strategy is believed to hav

The post El Salvador Celebrates 3 Years of Bitcoin: A Taxi Driver Became a Millionaire appeared first on Coinpedia Fintech News Today Marks the 3 year anniversary of El Salvador declaring Bitcoin its legal tender. No other nation has shown this level

The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal

Bitcoin is now a big part of El Salvador’s money plan. The country took a chance on crypto,…

The International Monetary Fund (IMF) is collaborating with El Salvador to address the financial risks linked to its Bitcoin adoption.

The first digital debt offering registered in El Salvador has reportedly failed to gather the necessary interest to continue. The issuance, intermediated by Bitfinex Securities to build a Hilton hotel at El Salvador International Airport, raised $342