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El Salvador
El Salvador Already Bought 550 BTC
El Salvador is on a bitcoin buying spree, having purchased 550 BTC as the Central American country’s bitcoin law went into effect Tuesday, officially adopting bitcoin as legal tender. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
El Salvador’s Bitcoin Law and Impact on Remittances
El Salvador’s new bitcoin wallets could cost money services providers like Western Union and MoneyGram $400 million a year in commissions for remittances, according to CNBC. “The Hash” panel discusses the potential impact of El Salvador’s bitcoin adoption on its remittance payments and the country’s wider economy.
Bukele’s MS-13 Double Bind
The Salvadoran President has had to operate in secret while negotiating with gangs. That has raised suspicions and lent aid to his critics.
Bitso Is Providing the ‘Core Service’ for El Salvador’s Chivo Bitcoin Wallet
The company will also work with Silvergate Bank to facilitate transactions in U.S. dollars
Panama Congressman on Introducing Crypto Payments Bill
Panamanian opposition politician Gabriel Silva is introducing a bill to regulate the use of cryptocurrencies throughout the country. The proposed bill would recognize bitcoin as a national alternative payment method. Silva joined "All About Bitcoin" to share insights into his mission and vision. "We hope this bill will put Panama in the center of Americas," Silva said. Cuanto CEO Felipe Echandi also discusses how this bill differs from El Salvador's Bitcoin Law and how it could impact the global economy.
Who Are the Main Opponents and Supporters of El Salvador’s Bitcoin Law?
President Nayib Bukele’s new law faces plenty of internal critics. Much of his support comes from outside the country.
As El Salvador Enacts Bitcoin Law, Locals Remain Confused About Implementation
“One thing is what the president says, and another is what the law establishes.”
Market Wrap: Bitcoin Plummets as El Salvador Buys the Dip
Bitcoin tumbled below $46K, triggering billions in long position liquidations.
