El Salvador

Weeks Before Bitcoin Bond Launch, Fitch Slashes El Salvador’s Credit Rating

Weeks Before Bitcoin Bond Launch, Fitch Slashes El Salvador’s Credit Rating
Weeks Before Bitcoin Bond Launch, Fitch Slashes El Salvador’s Credit Rating
February 11, 2022  |  Cryptocurrency

Weeks before El Salvador is planning to launch a $1 billion bond issue, Fitch Ratings slashed its credit default rating from an already dismal B-...

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Bitcoin-as-Currency Experiment Costs El Salvador 1% of Its GDP, IMF Reports
Bitcoin-as-Currency Experiment Costs El Salvador 1% of Its GDP, IMF Reports
February 04, 2022  |  Bitcoin

The International Monetary Fund (IMF) is still on the offensive when it comes to El Salvador’s use of bitcoin as a legal tender, estimating the...

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IMF: Crypto Pitfalls Undermining Emerging Markets
IMF: Crypto Pitfalls Undermining Emerging Markets
January 31, 2022  |  Cryptocurrency

Cryptocurrency price fluctuations are undermining capital flows in emerging markets, Financial Times reported, citing remarks from Tobias Adrian, financial counselor of the International Monetary Fund...

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IMF’s Silence Signals El Salvador Needs to Abandon Bitcoin to Secure $1.3B Loan
IMF’s Silence Signals El Salvador Needs to Abandon Bitcoin to Secure $1.3B Loan
January 28, 2022  |  Bitcoin

El Salvador is still asking the International Monetary Fund (IMF) for a $1.3 billion loan, and the IMF is still asking El Salvador to drop...

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El Salvador Turns to DeFi, Uses Bitcoin-Backed Microloans to Fight Loan Sharks
El Salvador Turns to DeFi, Uses Bitcoin-Backed Microloans to Fight Loan Sharks
January 21, 2022  |  Bitcoin

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El Salvador: Regulatory Regime for Bitcoin ‘Volcano’ Bonds As Soon As February
El Salvador: Regulatory Regime for Bitcoin ‘Volcano’ Bonds As Soon As February
January 09, 2022  |  Bitcoin

El Salvador is apparently readying a new Bitcoin law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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El Salvador’s Bitcoin-as-Currency Experiment Ends 2021 on a Low Note
El Salvador’s Bitcoin-as-Currency Experiment Ends 2021 on a Low Note
January 02, 2022  |  Bitcoin

Without a fairly sharp jump, bitcoin is going to end the year below the $51,000 level at which El Salvador bought its first 200 BTC,...

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As Tanking Bitcoin Gives Salvadorans a National Haircut, UK Analytics Firm Sees a Smokescreen for Bigger Financial Troubles
As Tanking Bitcoin Gives Salvadorans a National Haircut, UK Analytics Firm Sees a Smokescreen for...
December 10, 2021  |  Cryptocurrency

El Salvadoran President Nayib Bukele’s $70.7 million bitcoin investment was down $3.4 million — about 5% — a headline in La Prensa Grafica screamed on...

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