El Salvador’s Central Reserve Bank has officially granted Bitget a Bitcoin Service Provider license, allowing the exchange to offer Bitcoin services like converting to fiat, processing payments, and managing custody. This move positions El Salvador as a key player in Latin America’s crypto innovation. Bitget is also seeking a Digital Assets Service Provider license to ...
El Salvador is moving towards a $1.3 billion loan deal with the IMF, which may give businesses the option to accept Bitcoin instead of making it mandatory. This shift follows pressure from the IMF due to concerns about financial stability. The country aims to reduce its budget deficit and enforce anti-corruption measures as part of ...
El Salvador is in talks with the International Monetary Fund (IMF) to secure a $1.3 billion loan that may lead to significant changes in its Bitcoin law, which made the cryptocurrency legal tender in 2021. While this loan could help stabilize the economy and unlock additional funding, it may also require the country to make ...
Bitcoin has surged past $100,000 for the first time, bringing excitement to El Salvador’s President Nayib Bukele, who has heavily invested in the cryptocurrency. Since becoming legal tender in 2021, El Salvador has seen mixed reactions to bitcoin adoption, although the government’s investment now exceeds $600 million. This latest rise follows Donald Trump’s recent election ...
El Salvador’s President Nayib Bukele celebrated as Bitcoin surged past $100,000 for the first time. His country’s investment in the cryptocurrency, made legal tender since 2021, now exceeds $600 million, though local adoption has been mixed. Bitcoin’s rise follows Donald Trump’s recent election win and his intention to nominate a cryptocurrency advocate for a key ...
In 2021, El Salvador became the first country to adopt Bitcoin as legal tender under President Nayib Bukele. This bold move aimed to integrate cryptocurrency into the nation’s economy, promoting financial inclusion and innovation. Since November 2022, the government has been executing a “1 Bitcoin per Day” program, where they commit to purchasing one Bitcoin ...
