2 days ago · Despite these changes, the administration insists it remains committed to bitcoin. Milena Mayorga, El Salvador's ambassador to the United States, has said that El Salvador is still a "bitcoin ...

3 days ago · The government, she assured, will continue buying bitcoin and having reserves in this cryptocurrency. According to the National Bitcoin Office, El Salvador has 6,050 bitcoins worth $634.8 million. “President Bukele continues buying bitcoin, we have a Bitcoin Office, we have the Bitcoin Law, bitcoin can be used in El Salvador.

El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021. [1] It has been promoted by Nayib Bukele , the president of El Salvador , who claimed that it would improve the economy by making banking easier for Salvadorans, and that it ...

Dec 6, 2024 · SAN SALVADOR, El Salvador (AP) — As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador’s President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency.

6 days ago · Pie de foto, El Salvador adoptó el bitcoin como moneda de curso legal en 2021. Información del artículo. Autor, Leire Ventas Título del autor, Corresponsal de BBC News Mundo en Los Ángeles ...

Jan 30, 2025 · [1/5] A woman passes by the Bitcoin Monument after bitcoin soared above $100,000, in Ilopango, El Salvador, December 5, 2024. REUTERS/Jose Cabezas/File Photo Purchase Licensing Rights, opens new tab

6 days ago · El Salvador has voted to scale back its radically pro-Bitcoin legislation after agreeing to a deal with the International Monetary Fund (IMF) in December 2024, Reuters reports. The deal involved El Salvador making a basket of financial reforms in exchange for a $1.4 billion loan from the IMF’s Extended Fund Facility (EFF) to fund the government’s reform agenda.

The Bitcoin Law [6] (Spanish: Ley Bitcoin, pronounced [ˈlej biðˈkojn]) [7] was passed by the Legislative Assembly of El Salvador on 8 June 2021, giving the cryptocurrency bitcoin the status of legal tender within El Salvador after 7 September 2021. [8] It was proposed by President Nayib Bukele.The text of the law stated that "the purpose of this law is …

Dec 5, 2024 · El Salvador made bitcoin legal tender in mid-2021, becoming one of the few countries in the world to do so, and at a time when the No. 1 cryptocurrency was trading at around $36,000.

Dec 6, 2023 · El Salvador's president is celebrating after a Bitcoin reserve he bought with public money has entered the black amid the continuing Bitcoin price rise. Since 2021, Nayib Bukele has spent...