El Salvador
El Salvador: Watershed Moment for Crypto as Bitcoin Becomes Legal Tender This September
Bitcoin will officially become legal tender in El Salvador beginning September 7, and any citizen who signs up for the digital wallet “Chivo” will receive $30 worth of the cryptocurrency. “The Hash” hosts discuss El Salvador’s bitcoin currency rollout and why this is a watershed moment for the digital asset space.
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.
How Is El Salvador’s Currency Law Impacting Bitcoin’s Price?
Gavin Michael, CEO of digital wallet provider Bakkt, has bitcoin price analysis and outlook, as El Salvador confirmed bitcoin will become legal tender on September 7. “Bitcoin has really proven that it’s here to say,” he said.
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.
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.
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.
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.
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.
Bukele’s Bitcoin Blunder for El Salvador
Preached as a way to support an underbanked population, bitcoin will increase fees and risks for Salvadorans.
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.