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El Salvador - Bitcoin News Related To El Salvador
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El Salvador's Battle With the IMF Is Bigger Than Bitcoin
The IMF is pushing El Salvador to drop BTC as legal tender.
IMF urges El Salvador to remove Bitcoin's status as legal tender
According to the IMF’s executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity and consumer protection.
Despite Criticisms, El Salvador Is Not Forcing Its Citizens To Use Bitcoin
Understanding El Salvador’s Bitcoin Law and dispelling FUD around Bitcoin adoption.
El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs
The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins. The aim being to help small investors that have no credit […]
El Salvador buys its cheapest 410 Bitcoin as prices reach $36k
President Nayib Bukele confirmed that the purchase of 410 BTC was made against $15 million, placing the trading price at approximately $36,585 per BTC.
El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says
The country continues to add to its bitcoin holdings and plans to issue a $1 billion, 10-year bitcoin bond this year.
On The Ground In El Salvador With Samson Mow And The Volcano Bitcoin Bond
Bitcoin Magazine got an exclusive interview with Blockstream’s Samson Mow to discuss El Salvador’s new Volcano Bitcoin Bond.
El Salvador Turns to DeFi, Uses Bitcoin-Backed Microloans to Fight Loan Sharks
Saying more than half of El Salvador’s businesses are funded by loan sharks, the government of El Salvador plans to offer $10 million in bitcoin-backed loans. President Nayin Bukele’s strategy of making bitcoin a legal tender in the country and buying tens of millions of dollars’ worth of BTC has alarmed the International Monetary Fund […]
El Salvador Plans to Offer Crypto-Based Loans for SMEs
The government plans to launch a first line of $10 million provided by the Solana-based lending platform Acumen in the first quarter of 2022.
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