El Salvador

Bitcoin Use Will Be ‘Totally Optional’ in El Salvador, Finance Minister Says

According to Alejandro Zelaya, businesses will not be penalized if they do not accept bitcoin.

News  ·  18 August 2021

Fitch Warns El Salvador’s Bitcoin Adoption Will Be Negative for Insurers’ Credit

The ratings agency warns there are additional regulatory and operating risks tied to the country adopting bitcoin as legal tender.

News  ·  16 August 2021
Bitcoin Law

Moody’s Lowers El Salvador Rating, Maintains Negative Outlook Partly Due to Bitcoin Law

The rating agency said that the law and other policy decisions had “weakened governance” and increased tensions with other countries.

News  ·  31 July 2021

Por qué bitcoin podría ser algo bueno para El Salvador

La adopción de esa criptomoneda como de curso legal podría ayudar a impulsar la economía del país, dice nuestra columnista, pero hay riesgos si el gobierno se excede en la concesión de nuevos préstamos.

Opinion  ·  19 July 2021

El Salvador May Issue Its Own Stablecoin: Report

El Salvador President Nayib Bukele's brothers reportedly presented the plan to foreign investors.

News  ·  17 July 2021
Jack Mallers

Strike’s Jack Mallers on Fixing the Fiat Problem

Jack Mallers discusses Bitcoin, El Salvador and how Strike can capture the power of open networks to spread further than fintech.

People  ·  15 July 2021

El Salvador Could Face ‘Limitation’ on Bitcoin’s Use as Medium of Exchange: JPMorgan

The bank points to bitcoin's illiquid nature, volatility and U.S. dollar conversion risk as major limitations for its use as legal tender.

News  ·  12 July 2021

Survey Suggests Most Salvadorans Wary of Bitcoin as Legal Tender

The poll, which took the results from 1,233 people between July 1 and July 4, also showed 46% knew "nothing" about bitcoin.

News  ·  9 July 2021

El Salvador’s Bitcoin Fee Problem (and Solutions)

Bitcoin fees would make the cryptocurrency mostly unusable for Salvadorans. Here's how the first country to adopt BTC plans to tackle the fee problem.

Policy & regulation  ·  25 June 2021

Bitcoin Jumps 5% as El Salvador Braces for Crypto Law, $30 E-Wallet Airdrop

Bitcoin's jump coincides with announcements made by El Salvador's president on Thursday evening.

Markets  ·  25 June 2021
Bitcoin ATM

Athena to Install 1,500 ATMs in El Salvador Following Bitcoin Law

Crypto ATMs are seen as a way for people to interact with the physical world, particularly those who are not well-versed in cryptocurrencies.

News  ·  25 June 2021
Bitcoin Law

El Salvador’s Bitcoin Law Effective September, E-Wallets to Get $30 Worth of Crypto

President Nayib Bukele made the announcement during a national address on Thursday.

News  ·  25 June 2021

Article 7 and Bitcoin’s Latin American Coup

El Salvador's Bitcoin Law will make BTC a compulsory currency and create costs for everyday taxpayers – hardly an advancement for freedom or free money.

Policy & regulation  ·  24 June 2021

Bukele’s Bitcoin Blunder for El Salvador

Preached as a way to support an underbanked population, bitcoin will increase fees and risks for Salvadorans.

Policy & regulation  ·  23 June 2021

Why Bitcoin Could Be Good for El Salvador

Adopting Bitcoin as legal tender could help the El Salvador economy grow, says our columnist, but there are risks if the government over-indulges new borrowing.

Policy & regulation  ·  23 June 2021