El Salvador

El Salvador has passed landmark legislation to provide a legal framework for a Bitcoin-backed bond called the “Volcano Bond”. This ambitious bond will be used to pay down sovereign debt and fund the construction of Bitcoin City. Passed on…
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After declaring Bitcoin as legal tender in 2021, El Salvador is now working on a Digital Asset Insurance Law to facilitate operations with any crypto asset. The law, as per the portal of the National Assembly of El Salvador, would regulate…
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Even though the cryptocurrency market is in a bearish phase, El Salvador is increasing its wager on them. The first nation to recognize Bitcoin as legal cash is now developing a Digital Asset Issuance Law that would simplify transactions…
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In recent reports on Twitter, Nayib Bukele, the president of El Salvador satiated that the country will be purchasing 1 Bitcoin(BTC) per day. Amazingly, the founder and CEO of Tron network Justin Sun and the ambassador of Granada have also…
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Crypto enthusiast Nayib Bukele, who is the president of El Salvador, announced that the Central American country will buy one Bitcoin every day. This comes three and a half months after El Salvador made its last Bitcoin purchase in July. It…
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As the FTX explosion significantly damaged investor confidence, its shock wave was felt all over the world. Experienced cryptocurrency investors and backers, such as Changpeng “CZ” Zhao and Salvadoran President Nayib Bukele, meanwhile,…
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In recent reports, El Salvador has agreed with the Lugano city based in Switzerland on the nature of Bitcoin (BTC) adoption. The memorandum is mandated to help in the spread and adoption of digital currency within the continent. According…
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An anti-corruption organization discovered on Sunday that BANDESAL, El Salvador's development bank, had declined to give information on the contentious Bitcoin purchases made by the government. The Anti-Corruption Legal Advisory Center…
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In recent reports, El Salvador has agreed with the Lugano city based in Switzerland on the nature of Bitcoin (BTC) adoption. The memorandum is mandated to help in the spread and adoption of digital currency within the continent. According…
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A study published by Jose Simeon Canas Central American University, in El Salvador, found that 77.1% of respondents want the government to stop spending public money on Bitcoin. The survey had local Salvadoran residents sharing their…
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