1 day ago · El Salvador’s congress, which is dominated by Bitcoin-loving Bukele allies, agreed. The legislation passed on a vote of 55-2, modified 6 articles of the Bitcoin law, and repealed 3 others.

Dec 6, 2024 · SAN SALVADOR, El Salvador (AP) — As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador’s President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency.

El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021. [1] It has been promoted by Nayib Bukele , the president of El Salvador , who claimed that it would improve the economy by making banking easier for Salvadorans, and that it ...

3 days ago · The government, she assured, will continue buying bitcoin and having reserves in this cryptocurrency. According to the National Bitcoin Office, El Salvador has 6,050 bitcoins worth $634.8 million. “President Bukele continues buying bitcoin, we have a Bitcoin Office, we have the Bitcoin Law, bitcoin can be used in El Salvador.

2 days ago · Despite these changes, the administration insists it remains committed to bitcoin. Milena Mayorga, El Salvador's ambassador to the United States, has said that El Salvador is still a "bitcoin ...

5 days ago · El Salvador has rolled back a key provision of its Bitcoin Law, removing BTC’s status as a unit of account. The country’s Congress passed a reform that makes Bitcoin acceptance voluntary, scaling back its role in the economy.. The move aligns with requirements set by the International Monetary Fund (IMF) as part of a $1.4 billion credit facility agreement.

6 days ago · Pie de foto, El Salvador adoptó el bitcoin como moneda de curso legal en 2021. Información del artículo. Autor, Leire Ventas Título del autor, Corresponsal de BBC News Mundo en Los Ángeles ...

Jan 30, 2025 · [1/5] A woman passes by the Bitcoin Monument after bitcoin soared above $100,000, in Ilopango, El Salvador, December 5, 2024. REUTERS/Jose Cabezas/File Photo Purchase Licensing Rights, opens new tab

Oct 9, 2024 · In September 2021, El Salvador became the first country to adopt Bitcoin as legal tender, a decision that shook the global financial landscape. President Nayib Bukele’s move targeted some...

Dec 6, 2023 · El Salvador's president is celebrating after a Bitcoin reserve he bought with public money has entered the black amid the continuing Bitcoin price rise. Since 2021, Nayib Bukele has spent...