El Salvador

El Salvador President’s Twitter Battles Risk Painting Nation Further Into Corner
El Salvador President’s Twitter Battles Risk Painting Nation Further Into Corner
March 25, 2022  |  Cryptocurrency

Salvadoran President Nayib Bukele came out swinging this week, accusing the U.S. of interfering with the country’s finances and calling out a report that $1...

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Today in Data: Financial Numbers From Around the Globe
Today in Data: Financial Numbers From Around the Globe
March 22, 2022  |  Today In Data

Today in Data, Malaysia considers following El Salvador’s lead in making bitcoin legal tender. Plus, Euroclear supports blockchain payments consortium Fnality, and Recharge.com expands from...

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Volatility, Political Turmoil Put El Salvador’s Bitcoin Bond Plans in Further Jeopardy
Volatility, Political Turmoil Put El Salvador’s Bitcoin Bond Plans in Further Jeopardy
March 04, 2022  |  Cryptocurrency

With its Volcano Bonds proposed mid-March launch approaching fast, the success or failure of El Salvador’s bitcoin-backed securities will be a key test of President...

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Blockstream CSO: $500M Committed to El Salvador Bitcoin Bond
Blockstream CSO: $500M Committed to El Salvador Bitcoin Bond
February 18, 2022  |  Bitcoin

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...

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US Senators Propose Legislation to Mitigate Risks of El Salvador’s Bitcoin Adoption
US Senators Propose Legislation to Mitigate Risks of El Salvador’s Bitcoin Adoption
February 17, 2022  |  Bitcoin

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...

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Weeks Before Bitcoin Bond Launch, Fitch Slashes El Salvador’s Credit Rating
Weeks Before Bitcoin Bond Launch, Fitch Slashes El Salvador’s Credit Rating
February 11, 2022  |  Cryptocurrency

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-...

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Bitcoin-as-Currency Experiment Costs El Salvador 1% of Its GDP, IMF Reports
Bitcoin-as-Currency Experiment Costs El Salvador 1% of Its GDP, IMF Reports
February 04, 2022  |  Bitcoin

The International Monetary Fund (IMF) is still on the offensive when it comes to El Salvador’s use of bitcoin as a legal tender, estimating the...

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IMF: Crypto Pitfalls Undermining Emerging Markets
IMF: Crypto Pitfalls Undermining Emerging Markets
January 31, 2022  |  Cryptocurrency

Cryptocurrency price fluctuations are undermining capital flows in emerging markets, Financial Times reported, citing remarks from Tobias Adrian, financial counselor of the International Monetary Fund...

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IMF’s Silence Signals El Salvador Needs to Abandon Bitcoin to Secure $1.3B Loan
IMF’s Silence Signals El Salvador Needs to Abandon Bitcoin to Secure $1.3B Loan
January 28, 2022  |  Bitcoin

El Salvador is still asking the International Monetary Fund (IMF) for a $1.3 billion loan, and the IMF is still asking El Salvador to drop...

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