Honduras special economic zone grants BTC ‘unit of account’ status
Próspera ZEDE economic zone adopted BTC as legal tender in 2022 and now recognizes it as a unit of account, allowing its use for commercial and tax reasons.
Latest El Salvador News
El Salvador passes controversial digital asset legislation
A bill passed by the El Salvador parliament provides the framework for a BTC-backed bond, “The Volcano Bond,” which President Nayib Bukele hopes will enable the government to raise capital to pay down its sovereign debt.
The economic gamble of digital dollarization
So-called stablecoin Tether continues to spread its pervasive influence over a digital asset industry that is being increasingly embraced with wide arms and closed eyes across large parts of Latin America.
Not cool: Salvadorans scammed millions via ‘Chivo’ BTC wallet
El Salvador accumulated losses of up to $24 million of taxpayers' monies tied to the failure of the BTC digital wallet Chivo, while the adoption of BTC in the country remains nonexistent.
Tether rejoices as El Salvador’s Nayib Bukele preps new stablecoin rules
El Salvador’s ‘millennial cool’ dictator is looking to pass new laws to make his country a safe haven for ‘crypto’ companies, including the folks behind the controversial Tether stablecoin.
Boracay is becoming the Philippines ‘Bitcoin Island’ as adoption soars
Boracay is renowned for its beaches and resorts, but it’s now seeking to become a digital asset island—can it avoid El Salvador’s Bitcoin Beach mistakes?
Crypto Policy Symposium 2022 Day 1 bursts the ‘crypto’ bubble
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: It still doesn’t work, but does anyone notice?
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.
Central African Republic president backs BTC hub amid widespread skepticism
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.
Central African Republic ‘forgot’ to inform its central bank of its BTC plans
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.
Central African Republic adopts digital currency regulation bill
The Ministry of Finance pushed the bill which parliament passed despite a spirited fight by opposition which says digital assets facilitate money laundering.
Nayib Bukele’s BTC boondoggle: El Salvador experiment an epic fail
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.