El Salvador | ForkLog

ForkLog 12 12.07.2021

JPMorgan questions Bitcoin’s use as a payments instrument in El Salvador

JPMorgan analysts cited low liquidity, Bitcoin volatility, and the risk of converting into the U.S. dollar as the main constraints on using digital gold in El Salvador. Bloomberg reports.

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ForkLog 19 09.07.2021

Poll: Majority of Salvadorans Not Ready to Use Bitcoin

Only 20% of Salvadoran residents approved President Nayib Bukele's initiative to recognise Bitcoin as legal tender, according to Disruptiva researchers.

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ForkLog 23 01.07.2021

El Salvador warned of the need for ‘effective regulation’ of Bitcoin

Deputy Secretary of State for Political Affairs Victoria Nuland discussed the law passed by El Salvador recognizing Bitcoin as legal tender with President Nayib Bukele.

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ForkLog 20 29.06.2021

El Salvador’s president says bitcoin wallet use is voluntary

The Chivo Bitcoin wallet is compatible with other similar apps and will not become mandatory for use in El Salvador, according to President Nayib Bukele.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 16 25.06.2021

Athena to install 1,500 Bitcoin ATMs in El Salvador

American ATM operator Athena Bitcoin plans to deploy 1,500 devices in El Salvador, Reuters reports.

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ForkLog 14 25.06.2021

El Salvador to give each adult resident $30 in Bitcoin

The president of El Salvador, Nayib Bukele, unveiled the cryptocurrency wallet Chivo. After registering in the app, every adult resident will receive $30 in Bitcoin.

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ForkLog 12 24.06.2021

El Salvador’s president says altcoins will not compete with Bitcoin in the country

El Salvador does not plan to adopt any altcoin cryptocurrency as legal tender. President Nayib Bukele said this in Peter McCormack's podcast.

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ForkLog 14 22.06.2021

Salvadoran Opposition Declares Bitcoin Legalisation Unconstitutional

The law recognising the first cryptocurrency as a legal means of payment could be unconstitutional and harmful to El Salvador. This view is laid out in a lawsuit filed by a group of citizens, El Mundo reports.

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ForkLog 11 18.06.2021

Brock Pierce recounts El Salvador visit on behalf of the industry; community responds with criticism

Veteran of the Bitcoin industry and billionaire Brock Pierce said he led the "official delegation of Bitcoin ambassadors" to El Salvador. The tweet drew criticism from representatives of the cryptocurrency community.

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ForkLog 16 17.06.2021

World Bank declines to assist El Salvador with Bitcoin rollout

The World Bank (WB) said it cannot assist El Salvador with implementing Bitcoin, citing cryptocurrency-related environmental and transparency concerns, Reuters reports.

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ForkLog 17 16.06.2021

Economist: Switch to Bitcoin Could Derail El Salvador’s Economy

The use of Bitcoin as legal tender could completely destroy El Salvador's economy. This was stated by Steve Hanke, a professor of applied economics at Johns Hopkins University, in an interview with Kitco.

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ForkLog 23 15.06.2021

CABEI to back El Salvador’s bitcoin push

The Central American Bank for Economic Integration (CABEI) will create a technical group to support the Salvadoran government in implementing bitcoin as a legal means of payment.

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