El Salvador - Bitcoin News Related To El Salvador

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Blockstream CSO: $500M Committed to El Salvador Bitcoin Bond

Published on february 18, 2022

Investors have committed a half-billion dollars to El Salvador’s forthcoming bitcoin bond, according to Blockstream Chief Strategy Officer Samson Mow. Mow, who developed the novel bond, told industry news site BeInCrypto that “the bond had received more than $500 million in verbal commitments at the time he stopped counting a few weeks back.” The 10-year, […]

US Senators Propose Legislation to Mitigate Risks of El Salvador’s Bitcoin Adoption

Published on february 17, 2022

A bipartisan group of lawmakers introduced legislation in the U.S. Senate Tuesday (Feb. 15) to diminish risks to the nation’s financial system by El Salvador’s adoption of bitcoin as legal tender. The Accountability for Cryptocurrency in El Salvador (ACES) Act was introduced by Sen. James Risch of Idaho, the Senate Foreign Relations Committee’s ranking member, […]

US Senators Call for El Salvador Bitcoin Adoption Probe, Bukele Responds with ‘OK Boomer’ Barb

Published on february 17, 2022

 
Weeks after memeing the International Monetary Fund (IMF), El Salvador’s outspoken President Nayib Bukele has upped his Twitter game by responding “OK boomers” to a group of United States senators moving to block his bitcoin (BTC) adoption plans….
Read More: US Senators Call for El Salvador Bitcoin Adoption Probe, Bukele Responds with ‘OK Boomer’ Barb

Weeks Before Bitcoin Bond Launch, Fitch Slashes El Salvador’s Credit Rating

Published on february 11, 2022

Weeks before El Salvador is planning to launch a $1 billion bond issue, Fitch Ratings slashed its credit default rating from an already dismal B- to CCC. Along with a slew of specific financial worries — among them a worsening debt-to-GDP ratio, a still-high deficit, and an $800 million bond payment due next January — […]