Instead of filling the conference hall with those who want to get rich quick, the symposium assembled policymakers, academics, journalists, and engineers to sit along the ‘crypto’ skeptics.
BTC's Lightning Network was created in an attempt to solve complex issues in computer science, but questions arise over its significance as it faces woes that run counter to its purpose.
President Faustin-Archange Touadéra has taken on the Nayib Bukele attitude of pushing BTC at all costs and says the Sango hub will create monetary liberation as skeptics abound.
The CAR passed a law that allows citizens to make payments in BTC, but the central bank has revealed it was caught unaware even as IMF issued a warning.
The Ministry of Finance pushed the bill which parliament passed despite a spirited fight by opposition which says digital assets facilitate money laundering.
El Salvador’s president couldn’t make this year’s big BTC party in Miami because he’s (a) too busy suppressing free speech at home and (b) too embarrassed that none of his BTC projects have panned out.
The Deputy Minister for Communications told parliament that the ministry has proposed making digital currencies legal tender and hopes the gov’t agrees.
El Salvador’s authoritarian president is none too pleased with U.S. politicians’ plan to monitor his country’s half-baked adoption of the BTC token as legal tender.
Enterprise blockchain services provider TAAL made history this week when it mined the biggest Bitcoin block at 3.87GB, which had 188,000 transactions and collected 9.7 BSV in fees.
The IMF says that El Salvador is at a heightened risk with its financial and market integrity, financial stability, and consumer protection, but President Nayib Bukele is unmoved.
The latest blow to the BTC circus in El Salvador is the mysterious loss of funds from the state-issued Chivo wallets, which the vocal president is quiet about.