Category: Nayib Bukele

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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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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Salvadorans will not be forced to use the government’s Bitcoin wallet

Salvadorans will not be forced to use the government’s Bitcoin wallet

The government’s new “Chivo” Bitcoin wallet will be interoperable and commission-free. 1661 Total views 14 Total shares The latest announcement from El Salvador’s pro-Bitcoin president, Nayib Bukele, has clarified that citizens will not be forced to use the government-issued “Chivo” Bitcoin wallet. In a tweet on June 29, El Salvador’s President Bukele stated he wanted […]

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