Nayib Bukele
Bitcoin Now Legal Tender in El Salvador, Marking World First
Bitcoin's price fell 11.3% Tuesday as the cryptocurrency officially became legal tender in El Salvador, three months after the Bitcoin Law passed the country’s legislature. President Nayib Bukele tweeted he was “buying the dip” with “150 new coins added." The team of "The Hash" discusses El Salvador leading the world into bitcoin and the implications for the crypto community, global economy and beyond.
El Salvador’s Bitcoin Law Is About Self-Determination
Today, bitcoin became legal tender in the Central American nation.
El Salvador Buys Its First 200 BTC a Day Before Its Bitcoin Law Becomes Effective
And it “will be buying a lot more.”
El Salvador Approves $150M Bitcoin Trust Amid Anti-Bitcoin Protests
In El Salvador, hundreds of protesters have raised their voices against President Nayib Bukele's Bitcoin Law, making bitcoin legal tender in the country beginning September 7. Meanwhile, the Finance Commission of the Legislative Assembly of El Salvador agreed to create a $150 million bitcoin trust to facilitate exchange between BTC and U.S. dollars. "The Hash" panel discusses the possible bumps on El Salvador's road to bitcoin adoption.
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.
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.
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.
El Salvador May Issue Its Own Stablecoin: Report
El Salvador President Nayib Bukele's brothers reportedly presented the plan to foreign investors.
US Diplomat Voices Hope for Resolution in IMF, El Salvador Financing Tensions: Report
Victoria Nuland, U.S. undersecretary for political affairs, met with President Nayib Bukele on Wednesday.