El Salvador


Finance

El Salvador’s Bold Bet on Bitcoin Could Inspire the World

The standard playbook for building national wealth doesn’t work anymore. Bitcoin provides an alternative.

A person purchases a bottle of Coca-Cola from a shop that accepts Bitcoin in El Zonte, El Salvador, on Monday, June 14, 2021. El Salvador has become the first country to formally adopt Bitcoin as legal tender after President Nayib Bukele said congress approved his landmark proposal. Photographer: Cristina Baussan/Bloomberg via Getty Images

Policy

State of Crypto: The SEC Takes on DeFi

The SEC’s investigation into DeFi platforms is unsurprising. The question is whether the U.S. regulator will bring charges.

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Finance

El Salvador’s Bitcoin Law Is About Self-Determination

Today, bitcoin became legal tender in the Central American nation.

El Salvadoran President Nayib Bukele speaks via video during a presentation at the Bitcoin 2021 conference in Miami.

Videos

Valkyrie CIO on Bitcoin as BTC Becomes Legal Tender in El Salvador

Bitcoin is now officially a legal tender in El Salvador. The cryptocurrency is declining after testing resistance near $52,000 on Monday, with initial support seen at the $50,000 breakout level. Steven McClurg, CIO and co-founder of asset management firm Valkyrie, discusses his crypto markets analysis and outlook. Plus, his take on altcoins and bitcoin ETFs.

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Videos

What Could Liquid Exchange Do Now to Prevent Future Crypto Hacks?

Seth Melamed, COO of Liquid Group, discusses Liquid Exchange’s $90 million hack and measures the firm is taking to prevent hacks like this from happening again. Plus, his reasons why he doesn’t think El Salvador’s bitcoin law is sustainable and whether he foresees Asia potentially adopting BTC as legal tender.

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Policy

Most Salvadorans Do Not Want Bitcoin, Poll Shows: Report

More than two-thirds of people in a survey disagreed or strongly disagreed with using bitcoin as legal tender.

National Palace, San Salvador, El  Salvador. (Wilson Edilberto Santana Suarez/Unsplash)

Videos

Key Upsides to El Salvador’s Bitcoin Law

Edan Yago, a contributor to decentralized bitcoin trading and lending platform Sovryn, discusses his take on the potential positive impact of El Salvador rolling out bitcoin as legal tender despite growing skepticism and local protests just a week ahead of the move taking effect.

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El Salvador to Launch Government Blockchain Infrastructure on Algorand This Year

The country has signed an agreement with Latin American asset tokenization company Koibanx to allow official records to be hosted on the blockchain.

SAN SALVADOR, EL SALVADOR - AUGUST 27: A veteran waves a flag of El Salvador during a protest against the bitcoin law by veterans of the Salvadoran civil war on August 27, 2021 in San Salvador, El Salvador. The new bitcoin law should come into force on September 7. (Photo by Roque Alvarenga/APHOTOGRAFIA/Getty Images)