Category: Bitcoin law

El Salvador’s credit rating could take hit amid Bitcoin adoption warns S&P Global

El Salvador’s credit rating could take hit amid Bitcoin adoption warns S&P Global

S&P Global believes El Salvador’s recognition of Bitcoin as legal tender has brought “immediate negative implications” for its credit rating. 1324 Total views 31 Total shares Credit rating agency Standard and Poor (S&P) Global believes the country of El Salvador has severely harmed its credit rating after enacting its Bitcoin Law recognizing BTC as legal […]

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70% of Salvadorans opposed to Bitcoin Law as Sep. 7 implementation draws near

70% of Salvadorans opposed to Bitcoin Law as Sep. 7 implementation draws near

With less than a week to go before El Salvador’s Bitcoin Law takes effect on Sept. 7, a majority of citizens surveyed are opposed to government-mandated cryptocurrency adoption. A survey conducted by the local Central American University’s (UCA) Institute of Public Opinion has found that 70% of Salvadorans believe President Nayib Bukele’s Bitcoin Law, recognizing […]

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Legislative Assembly of El Salvador approves $150M Bitcoin Trust

Legislative Assembly of El Salvador approves $150M Bitcoin Trust

El Salvador’s government has set aside $23.3 million toward rolling out crypto ATMs and $30 million to incentivize use of the state-backed “Chivo” wallet. 2435 Total views 53 Total shares El Salvador’s Legislative Assembly has passed legislation creating a $150 million dollar Bitcoin Trust and supporting the development of crypto infrastructure and services across the […]

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