Nayib Bukele
El Salvador Buys Its First 200 BTC a Day Before Its Bitcoin Law Becomes Effective
And it “will be buying a lot more.”
El Salvador Approves $150M Bitcoin Trust Amid Anti-Bitcoin Protests
In El Salvador, hundreds of protesters have raised their voices against President Nayib Bukele's Bitcoin Law, making bitcoin legal tender in the country beginning September 7. Meanwhile, the Finance Commission of the Legislative Assembly of El Salvador agreed to create a $150 million bitcoin trust to facilitate exchange between BTC and U.S. dollars. "The Hash" panel discusses the possible bumps on El Salvador's road to bitcoin adoption.
President Bukele Confirms El Salvador Will Not Require Bitcoin Acceptance
El Salvador President Nayib Bukele confirmed the use of bitcoin as legal tender would not be mandatory. In contrast to the original Bitcoin Law, the government will not force any of the nation’s residents to receive it as a form of payment.
The Bitcoin Narrative and the Media
Peter McCormack, host of the popular podcast "What Bitcoin Did," discusses his take on the differences between the bitcoin narrative in U.S. media versus U.K. media and whether there is pressure from the crypto community to report certain views. "If you're not pissing people off, you're not doing your job properly," McCormack said. Plus, insights into project Bitcoin Beach on the heels of his meeting with President of El Salvador Nayib Bukele.
Moody’s Lowers El Salvador Rating, Maintains Negative Outlook Partly Due to Bitcoin Law
The rating agency said that the law and other policy decisions had “weakened governance” and increased tensions with other countries.
El Salvador May Issue Its Own Stablecoin: Report
El Salvador President Nayib Bukele's brothers reportedly presented the plan to foreign investors.
US Diplomat Voices Hope for Resolution in IMF, El Salvador Financing Tensions: Report
Victoria Nuland, U.S. undersecretary for political affairs, met with President Nayib Bukele on Wednesday.
The Problem With El Salvador’s Bitcoin Law, Effective September 7
Bitcoin will become legal tender in El Salvador beginning September 7, El Salvador President Nayib Bukele announced Thursday during a national address. He added every citizen will be gifted $30 via an e-wallet, once they verify their identities. Frances Coppola, author of "The Case for People's QE," discusses the "immense risks" of El Salvador's bitcoin currency rollout. Plus, why she thinks dai (DAI) is a bigger concern than tether (USDT).
El Salvador's Bitcoin Law Effective September, E-Wallets to Get $30 Worth of Crypto
President Nayib Bukele made the announcement during a national address on Thursday.
Article 7 and Bitcoin’s Latin American Coup
El Salvador's Bitcoin Law will make BTC a compulsory currency and create costs for everyday taxpayers – hardly an advancement for freedom or free money.