Explore El Salvador's journey with Bitcoin and its broader implications for global finance and cryptocurrency adoption, offering insights into the future of digital currencies.
ElSalvador
Explore El Salvador's journey with Bitcoin and its broader implications for global finance and cryptocurrency adoption, offering insights into the future of digital currencies.
El Salvador secured the largest private investment in its history, which might benefit the Bitcoin City infrastructure. Volcano Bonds, which were supposed to finance its construction, are in the state of limbo.
Tether is relocating its headquarters from the British Virgin Islands to El Salvador, having secured a digital asset service provider license.
"This move to El Salvador will be the first time we're going to have a physical headquarters," CEO Paolo Ardoino told Reuters, adding that the
Tether is relocating its headquarters from the British Virgin Islands to El Salvador, having secured a digital asset service provider license.
"This move to El Salvador will be the first time we're going to have a physical headquarters," CEO Paolo Ardoino told Reuters, adding that the
El Salvador secured the largest private investment in its history, which might benefit the Bitcoin City infrastructure. Volcano Bonds, which were supposed to finance its construction, are in the state of limbo.
Nayib Bukele posted the physical address for the country's Bitcoin holdings, sparking speculation about its true balance. On-chain data shows connections with Bitfinex.
With BTC prices hitting a new all-time high, El Salvador’s crypto treasury is around $85 million in profit. The country has also changed its tax system to attract more foreign investment.
Recent surveys show that Salvadorans do not often use Bitcoin in their everyday lives, with only 12% making a BTC payment in the last year, down from 24.4%.
