El Salvador bitcoin remittances hit all-time low
Crypto remittances to El Salvador as a proportion of total remittances have fallen to new lows, despite the country embracing digital assets.
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Crypto remittances to El Salvador as a proportion of total remittances have fallen to new lows, despite the country embracing digital assets.
Tether has announced that it's ready to move to El Salvador after receiving its Digital Asset Service Provider (DASP) license.
Tether CEO Paolo Ardoino has reportedly bought land worth almost $2 million in a luxury El Salvadorian golf resort.
Authorities in El Salvador have agreed to end the use of bitcoin for tax payments by February 2025 in order to secure an IMF loan extension.
Simplistic calculations of El Salvador’s bitcoin holdings assume that a rally to $100K would allow IMF loan repayment. It probably won’t.
The IMF is still unhappy with El Salvador’s use of bitcoin at a sovereign level, and it's pressing hard at the negotiation table.
El Salvador's government Bitcoin agency has so far only made $235 this year despite planning to bring in almost $7.4 million in income.
Bitfinex’s public securities offering didn't reach $500,000 meaning investors can claim a refund on the El Salvador Hampton hotel project.
Although government agencies around the world possess varying quantities of bitcoin, it's not clear that any central bank holds it.
A critic of Nayib Bukele’s planned Bitcoin City in El Salvador doctored a fake news clip about a disgruntled resident.