El Salvador Implements New Law for Regulating Crypto
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El Salvador has announced a new law that will place crypto regulation duties in the hands of both state and private entities. The idea is that these entities will hold sway over any digital currencies (except for bitcoin, which has already been declared legal tender in the country) and how they are issued within the borders of the Central American nation. El Salvador Is Working Its Way Up the Crypto Regulation Ladder The goal of the bill is to potentially attract outside investors and get them to place their money into the region’s economy and infrastructure. The law will also
Over the last few years, El Salvador has been making considerable efforts to become Latin America’s crypto hub. Today, two and a half years after adopting Bitcoin as a legal currency in the country, Bitfinex Securities announced the launch of Bitfinex Securities El Salvador S.A., the first platform to offer…
The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
The El Salvador Bitcoin Office celebrated “Bitcoin Day” this Sunday, marking the fourth anniversary of the Bitcoin legal tender law taking effect in September 2021. In a post on X, the office noted key milestones achieved over the past years. The country’s Bitcoin strategic reserve now holds 6,313 BTC, valued…