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El Salvador’s cryptocurrency experiment under President Nayib Bukele has failed as the country faces severe economic crises marked by high debt and low growth. Negotiations with the IMF regarding a …
El Salvador’s Cryptocurrency Experiment: A Cautionary Tale of Economic Missteps Read More
The IMF has approved a $1.4 billion loan for El Salvador with conditions to limit bitcoin purchases. The funding aims to improve economic conditions while addressing the country’s high debt. …
IMF Approves $1.4 Billion Credit for El Salvador with Bitcoin Limitations Read More
El Salvador has reformed its Bitcoin Law, ceasing to mandate Bitcoin as legal tender. The ruling party’s changes came after low adoption rates and pressure from the IMF. While the …
El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment Read More
Mauricio Funes, the former President of El Salvador, died in Nicaragua at age 65. He fled El Salvador in 2016 to escape corruption charges and was known for both his …
Former Salvadoran President Mauricio Funes Passes Away in Nicaragua Read More
This week’s Latam Insights covers El Salvador’s interest in acquiring DOJ-seized bitcoins, Chile’s proposal for a bitcoin bench, and the growth of El Salvador’s tourism linked to bitcoin adoption. President …
Latam Insights: El Salvador and Chile Make Strides in Bitcoin Adoption Read More
Chilean legislators are advocating for the creation of a bitcoin bench within Congress to promote bitcoin adoption and regulatory frameworks. The proposal includes establishing a strategic bitcoin reserve, following similar …
Chile Proposes Strategic Bitcoin Reserve as Legislators Advocate for Crypto Adoption Read More
El Salvador’s government persists in its bitcoin acquisition despite IMF restrictions. Current holdings exceed 6,000 BTC as the nation navigates a complex IMF agreement that offers financial assistance while curtailing …
El Salvador’s Bitcoin Commitment Unwavering Amidst IMF Agreement Challenges Read More
El Salvador’s Legislative Assembly has approved a new mining law to facilitate gold exploitation, removing the previous ban. The law gives the state a monopoly on mining activities, allowing partnerships …
El Salvador’s New Mining Legislation: A Controversial Step Towards Gold Exploitation Read More
This week in Latam Insights: El Salvador may leverage $3 trillion in gold for bitcoin investment, Argentina is set to allow foreign crypto ETFs, and Brazil may revoke its ban …
Latam Insights: El Salvador Eyes Gold-to-Bitcoin Switch, Argentina Embraces Crypto ETFs Read More
This week’s Latam Insights highlights Brazil’s proposed bill to create a Strategic Bitcoin Reserve, El Salvador’s ‘rent-a-volcano’ bitcoin mining initiative by President Bukele, and Vaneck’s praise of Bukele’s policies aimed …
Latam Insights: Brazil’s Bitcoin Reserve Proposal and El Salvador’s Mining Innovations Read More