El Salvador


Markets

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.

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Markets

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.

El Salvador President Nayib Bukele

Policy

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.

El Salvador President Nayib Bukele

Videos

Vocal BTC Critic: Adopting Bitcoin as Legal Tender Could Ruin El Salvador’s Economy

"I have a big problem with El Salvador because of forced tender," vocal bitcoin critic Steve Hanke says on "First Mover." He discusses the local and global impact of El Salvador's currency law, explaining why he says he thinks "adopting bitcoin as legal tender could ruin El Salvador's economy." Plus, his thoughts on why bitcoin is a speculative asset with close to zero value.

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Policy

Bukele’s Bitcoin Blunder for El Salvador

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

A construction worker, who is paid in bitcoin, works on a building outside the Bitcoin Beach office in El Zonte, El Salvador.

Policy

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.

El Salvador President Nayib Bukele

Videos

Strike Phasing Out USDT From Bitcoin-Based El Salvador Remittances, CEO Says

Strike, the digital wallet startup behind El Salvador’s bitcoin-based payment system, is phasing out its use of Tether’s USDT stablecoin as a U.S. dollar substitute, CEO Jack Mallers said. “The Hash” team explores the ongoing scandal around Tether and the wider repercussions of El Salvador’s currency law.

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Markets

Deputy of El Salvador's Opposition Party Sues Country Over Bitcoin Law

One plaintiff says El Salvador's president failed to consider the law's harmful effects.

El Salvador President Nayib Bukele

Finance

Strike Is Phasing Out USDT From Bitcoin-Based El Salvador Remittances, CEO Says

“Tether is no longer a part of anything,” Jack Mallers said on the “What Bitcoin Did” podcast.

Jack Mallers speaks at the Bitcoin 2021 conference in Miami.