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
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

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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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. Get the Full Story Complete...

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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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