Category: El Salvador

Steve Hanke warns BTC could ‘completely collapse the economy’ of El Salvador

Steve Hanke warns BTC could ‘completely collapse the economy’ of El Salvador

Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender, and questioned how Bitcoin would function in day-to-day transactions. 8501 Total views 5 Total shares Steve Hanke, a professor of applied economics at Johns Hopkins University, has warned that El Salvador’s recent adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse […]

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Remittance firms hesitant to support BTC despite legal tender law in El Salvador

Remittance firms hesitant to support BTC despite legal tender law in El Salvador

Remittance firms operating in El Salvador appear reluctant to support Bitcoin despite the country’s new law mandating the crypto asset as legal tender. 11783 Total views 9 Total shares Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt BTC. Speaking to Reuters, Autonomous Research fintech […]

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