Nayib Bukele takes Bitcoin to the United Nations General Assembly
El Salvador’s government has accumulated $24 billion in debt since 1979 and the IMF predicts it will owe $38 billion within five years.
El Salvador’s government has accumulated $24 billion in debt since 1979 and the IMF predicts it will owe $38 billion within five years.
Luis Alexander Rivas Samayoa’s arrest for contempt is just the latest indication that El Salvador is creeping toward total authoritarianism.
Despite plummeting creditworthiness and major delays with its sovereign bonds, El Salvador somehow found $200M for the Bitcoin Beach region.
El Salvador said it wanted to launch its $1 billion Bitcoin bond in March. Now, it might not hit markets until September.
Chicago’s largest Bitcoin ATM company has accused its former executive of sabotaging business relationships in El Salvador.