El Salvador Financial News

12.01 / 21:11

business Art Bitcoin Miss Universe contestant represents El Salvador with Bitcoin-inspired costume

Actress and model Alejandra Guajardo represented El Salvador in the preliminary competition of the Miss Universe 2022 pageant by wearing a costume featuring Bitcoin during her walk across the stage.

12.01 / 15:21

Ethereum ETH Digital Bitcoin US CPI Bitcoin Price and Ethereum Prediction; US CPI Figures in the Limelight

Bitcoin, the world's largest and most popular digital currency, extended its winning streak to nine days and reached an intraday high of around $18,224. Meanwhile, Ethereum, the second most valuable cryptocurrency, benefited from Bitcoin's rise, rising nearly 5% to $1,401.

12.01 / 15:21

approved El Salvador Has Just Approved Law to Allow it to Issue Bitcoin Denominated Bonds

El Salvador’s congress has passed a digital securities law that would allow the nation to issue Bitcoin-backed bonds, also known as Volcano Bonds.

12.01 / 05:23

Adoption Bitfinex Backed El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds

El Salvador has passed landmark legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — which will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”.

09.01 / 12:57

Adoption Lightning Network ATM Bitcoin Less than 100 Bitcoin ATMs added worldwide in the second half of 2022: Data

While Bitcoin (BTC) ATMs were an afterthought to Satoshi Nakamoto’s vision of sound money, they are now considered one of the main pillars of Bitcoin’s mainstream adoption. However, the global Bitcoin ATM network, which used to add thousands of machines each month in 2021, recorded a net addition of just 94 Bitcoin ATMs over the past six months since July 2022.

08.01 / 18:37

Government Africa Bitcoin Bitcoin, Sango Coin and the Central African Republic

In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender.

06.01 / 23:45

Government Technology Adoption Bitcoin Strategy El Salvador’s Bitcoin strategy evolved with the bear market in 2022

Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attracted the attention of the global cryptocurrency community and has sparked discussions on the potential benefits and challenges of widespread adoption.

04.01 / 22:07

Government Asia Crypto regulation world: How laws for digital assets changed in 2022

Effective regulations are one of the key gateways to cryptocurrency’s mainstream adoption. Due to greater compliance, crypto businesses saw broader acceptance from regulators worldwide. While the crypto ecosystem was awarded countless operational licenses and exposure to new markets, the fall of Terraform Labs, FTX and Celsius, among others, had a negative impact on the industry's reputation with investors and regulators alike.

04.01 / 18:27

Adoption Bitcoin inclusion Financial Here’s how Bitcoin promotes global financial inclusion, according to Prince Philip of Serbia

The fundamental aspects of Bitcoin (BTC) continue to power global financial inclusion, financial privacy and autonomy in conflict-affected nations despite difficult macroeconomic and cryptocurrency market conditions over the past year.

03.01 / 14:49

Asia ATM Bitcoin Australia Now Home to More Crypto ATMs Than El Salvador – How Does This Impact Adoption?

The number of crypto ATM machines in Australia has hit new highs over the past four months, surpassing El Salvador, the country where bitcoin (BTC) is legal tender. What's more, two other countries overtook El Salvador: Spain and Poland.

02.01 / 00:35

Adoption Crypto makes history in 2022: Five instances of governments embracing digital assets

The year 2022 wasn’t the best one in terms of crypto reputation among regulators and policymakers. However, even amid the market breakdown and repetitive public attacks on the industry, some of the officials found the courage to embrace the innovation. Some of the names are not new, while others showed progress significant enough to include them in this listicle. The United Arab Emirates and El Salvador continued to push their crypto agenda and the United Kingdom showed great effort to lay the regulatory foundation, while Brazil and the Central African Republic legally recognized the cryptocurrencies.

01.01 / 10:15

Adoption ATM Bitcoin Australia overtakes El Salvador to become 4th largest crypto ATM hub

El Salvador, the first country to legalize Bitcoin (BTC), has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023.

22.12 / 21:27

Law regulation Brazilian president signs crypto bill into law

Jair Bolsonaro, the President of Brazil set to leave office on Dec. 31, has signed off on a bill aimed at legalizing the use of crypto as a payment method within the country.

12.12 / 21:35

business Government Blockchain Bitcoin Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow

Despite the ongoing bear market, Jan3 CEO and Bitcoin (BTC) proponent Samson Mow believes that the leading cryptocurrency could reach the $1-million-price benchmark in the next five to 10 years. The collapse of major fiat currencies will be a major catalyst, which he said can “happen very rapidly” and “are not anticipated.”

09.12 / 17:17

Blockchain Tax Bitcoin Earth Billionaire Tim Draper Says El Salvador Will Become One of the Richest Countries on Earth For This One Reason

American venture capitalist and billionaire Tim Draper argues that bitcoin (BTC) will lead El Salvador to become one of the richest countries in the world.

06.12 / 16:07

Bloomberg Bukele El Salvador President Nayib Bukele Lashes Out at ‘Mainstream Media’ for Spreading Lies About the Country’s Bitcoin Investments

El Salvador President Nayib Bukele has slammed "the mainstream media" over their attacks on the country's move to adopt Bitcoin as a legal tender.

03.12 / 22:47

Adoption Amazon Walmart Bitcoin How to buy food with Bitcoin?

Bitcoin (BTC) is a dynamic monetary asset with the potential of being both — a commodity and a currency. For instance, the Securities and Exchange Commission (SEC) classified BTC as a commodity, whereas El Salvador made Bitcoin a legal tender in 2021.

30.11 / 10:51

Adoption Payments regulation Brazil passes law to legalize crypto as a payment method

While Brazil has not made Bitcoin (BTC) legal tender as El Salvador did last year, the South-American nation has passed a law that legalizes crypto payments throughout the country.

28.11 / 19:01

Blockchain Ethereum Stablecoin government bonds Financial Tokenized government bonds free up liquidity in traditional financial systems

A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1 billion from investors with tokenized bonds to build a Bitcoin city.

23.11 / 15:17

Adoption bonds Bukele Bukele's government introduced a bill to launch the 'Bitcoin bonds'

Amid the crypto market downturn, El Salvador finally makes a decisive step to the realization of its ambitious “Bitcoin bonds” project. The Minister of the Economy Maria Luisa Hayem Brevé introduced a bill confirming the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.”

23.11 / 09:21

BTC/USD ETH/USD Bitcoin Price Prediction Bitcoin Bitcoin Price and Ethereum On The Rise, El Salvador to Issue Bitcoin Volcano Bonds

On November 23, the leading cryptocurrency, Bitcoin, showed signs of new recovery, having broken through the downward trendline and 50-day moving average to trade near $16,500. Similarly, Ethereum, the second-most valuable cryptocurrency, has followed Bitcoin's lead and pumped over 5% to 1,163.

what's happening in El Salvador

What is the current situation in El Salvador?

In El Salvador, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about El Salvador?

We publish verified updates about the situation in El Salvador, based on information from trusted sources.

What shapes the media agenda in El Salvador?

The news landscape of El Salvador is shaped by major cultural and social events, reflecting its unique context.