SAN SALVADOR: El Salvador's Congress on Tuesday approved a law to create a US$150 million fund to facilitate conversions from bitcoin to US dollars ahead of the Central American country's planned adoption of the cryptocurrency as legal tender next week.
The Central American country will be the first in the world to use the cryptocurrency as legal tender.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A poor country made bitcoin a national currency. The bet isn’t paying offSAN SALVADOR — Bitcoin was meant to transform El Salvador’s economy, catapulting the poor Central American nation into an unlikely harbinger of a financial revolution. yet
Source: TODAYonline - 🏆 1. / 99 Read more »
El Salvador minister says Bitcoin crash poses 'extremely minimal' fiscal riskSAN SALVADOR : El Salvador's Finance Minister Alejandro Zelaya on Monday dismissed concerns that a sharp drop in the value of bitcoin could hurt the Central American nation's fiscal health.El Salvador last September became the first country to make bitcoin a legal tender, alongside the U.S. dollar, despit
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
El Salvador says Ukraine is factor in bitcoin-backed bond timingSAN SALVADOR :El Salvador is looking for the right timing to launch a bitcoin-backed bond, which could happen between March 15 and 20 but may depend on the war in Ukraine, the Central American nation's finance minister Alejandro Zelaya said on Friday. President Nayib Bukele aims to issue his country's first-e
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Volaris in El Salvador set to accept bitcoinSAN SALVADOR: Low-cost airline Volaris will accept bitcoin in El Salvador, Salvadoran President Nayib Bukele said on Tuesday (Oct 19). \u0022This allows us to increase the offering of flights for Salvadorans, in addition to being the first airline in the world to accept bitcoin and of course Chivo wallet,\u0022 Buke Será muy genial nayibbukele Bitcoin BTC nayibbukele Que increíble 😊
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »