El Salvador’s President Nayib Bukele made a $133,000 Bitcoin donation. The money will help build 1,000 schools in Honduras, one of the biggest cryptocurrency education projects in Central America. Also Read: Multipolar Currency Era Looms As Russia, China Challenge The US Dollar How Nayib Bukele’s Bitcoin Donation is Transforming Education in Honduras Presidential Support for…
The IMF wants El Salvador to limit “public sector exposure to Bitcoin” The financial agency’s remarks follow an August statement, which talked about “mitigat[ing] the risks from Bitcoin” The International Monetary Fund (IMF) has recommended that El Salvador reduce the scope of its Bitcoin law and limit the public’s exposure to Bitcoin. During a press…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating debt issuance and how this might change the Salvadoran economy and its outlook. Latam Insights Encore: Bukele’s Zero Debt…
Elon Musk and El Salvador had a face-to-face meeting at Tesla headquarters. The duo discussed future tech with growing speculation on a likely Bitcoin partnership. A recent meeting between El Salvdor’s President, Nayib Bukele, a known Bitcoin (BTC) and AI innovator and Tesla’s CEO, Elon, has raised speculations about a potential collaboration. Elon and Bukele…
Tesla HQ recently hosted a big meeting with Elon Musk and Nayib Bukele. They talked about a variety of subject, but also included the AI and Bitcoin topics. Their ideas about the future have got people talking. Also Read: Cryptocurrency Domain Gains New Ally As Kamala Harris Steps In Exploring the Future: AI, Bitcoin, and…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, President Nayib Bukele announces a zero debt budget, a batch of Salvadoran coffee gets purchased using bitcoin, and Lightspark eyes the region’s markets. Bukele States El Salvador Will Self-Finance 2025 Budget, Won’t Issue…
El Salvador’s President Nayib Bukele met with Tesla and Spacex CEO Elon Musk at the Texas Gigafactory, discussing AI, robotics, and humanity’s future. The two exchanged views on innovation, and Musk praised Bukele’s leadership. Their conversation emphasized how cutting-edge technologies could shape global progress, aligning with El Salvador’s forward-thinking stance. Bukele and Musk Discuss AI,…
Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $1.01 billion from a private offering. A bitcoin investor faces up to three years in prison for underreporting cryptocurrency gains. El Salvador’s President Nayib Bukele announced a…
September 21, 2024 at 11:00 PM GST updated: September 21, 2024 at 09:31 PM 2 mins read News Bukele met with Elon Musk at Tesla to discuss AI, Bitcoin, and El Salvador’s tech future. El Salvador adopted Bitcoin as legal tender, generating $31 million in profit. Cathie Wood predicts El Salvador’s GDP could grow tenfold…
President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be the first time this happened in decades, highlighting the relevance of independence and self-sufficiency for…
El Salvador has made another bold leap in its fiscal strategy. It has just signaled a deeper commitment to Bitcoin as it pivots away from relying on external debt. Under President Nayib Bukele’s leadership, the country has been integrating Bitcoin into its national economy. Recent moves suggest the Central American nation is doubling down on…
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached a ‘significant impact’ or elevated transactional volumes. Financial Task Force of…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentines lead Latam in stablecoin adoption. Bukele…
President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as a rebranding for the nation….
El Salvador’s president Nayib Bukele discloses profit and numerous benefits since legalizing Bitcoin as a legal tender in 2021. He said potential profits and financial inclusion fueled their Bitcoin move. El Salvador became the first country to adopt Bitcoin (BTC) as legal tender in 2021 after Congress voted in favor of President Nayib Bukele’s proposal. Three years…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. In this edition, we discuss the recent investments made by the Salvadoran government in Bitcoin education and certification, and how these initiatives might increase trust in cryptocurrency and boost adoption in the country. Latam…
El Salvador President Nayib Bukele highlighted his country’s commitment to free speech and safety in a recent social media post, indirectly referencing the arrest of Telegram CEO Pavel Durov in France. Bukele emphasized that El Salvador guarantees freedom from arrest, censorship, and asset seizure for exercising free speech, positioning the nation as a haven for…
The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The module also includes training in the areas of cybersecurity, blockchain, and artificial intelligence (AI), offering a public administration certificate….
August 21, 2024 at 04:37 PM GST updated: August 21, 2024 at 04:21 PM 2 mins read News El Salvador’s new program will train 80,000 civil servants in Bitcoin through a 160-hour certification course. The Higher School of Innovation in Public Administration (ESIAP) leads the Bitcoin training, established by President Bukele in 2021. Argentina shows…