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El Salvador
President Bukele Confirms El Salvador Will Not Require Bitcoin Acceptance
El Salvador President Nayib Bukele confirmed the use of bitcoin as legal tender would not be mandatory. In contrast to the original Bitcoin Law, the government will not force any of the nation’s residents to receive it as a form of payment.
El Salvador Will Not Require Bitcoin Acceptance, President Bukele Confirms
In contrast to the original law, the government will not force any of the nation’s residents to receive the cryptocurrency as a form of payment, the president said Monday.
Could Curacao Adopt Bitcoin as Legal Tender?
Pete Kroll, crypto OG and director of BTC Curacao, which strives to teach the people and businesses of Curacao about bitcoin, discusses his take on the state of crypto in the Caribbean islands and why it could be gravitating toward digital currencies. Plus, the potential opportunities and challenges of bitcoin adoption in Latin America as El Salvador's currency law rolls out in three weeks.
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.
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.
The Bitcoin Narrative and the Media
Peter McCormack, host of the popular podcast "What Bitcoin Did," discusses his take on the differences between the bitcoin narrative in U.S. media versus U.K. media and whether there is pressure from the crypto community to report certain views. "If you're not pissing people off, you're not doing your job properly," McCormack said. Plus, insights into project Bitcoin Beach on the heels of his meeting with President of El Salvador Nayib Bukele.
Bitcoin’s Next Move After Breaking $42K
Bitcoin buyers are taking profits after a rally toward $42,000 over the weekend. OANDA Senior Market Analyst Edward Moya discusses what he saw as the potential catalyst for the price bounce and why he believes this signals a return of positive momentum this month.
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.
