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EL SALVADOR ECONOMY
Short on cash, El Salvador doubles down on Bitcoin dreamAfter a recent announcement by the U.S. Securities and Exchange Commission (SEC) to allow US-listed exchange-traded funds (ETFs) that track...02 Feb, 2024, 04.38 PM IST- IMF recommends El Salvador not use Bitcoin as legal tenderThe IMF statement came only two days after President Nayib Bukele announced El Salvador was planning to build the world's first "bitcoin ci...24 Nov, 2021, 07.06 AM IST
- El Salvador adds nearly $25 million in bitcoin to state coffers, says presidentThe latest purchase of bitcoin, worth nearly $25 million at current prices, marks the first government acquisition of the cryptocurrency si...28 Oct, 2021, 10.37 AM IST
- El Salvador body to investigate complaints about government's bitcoin purchases, ATM kiosksCristosal, a regional human rights and transparency organization, requested an audit of the authorization processes for the purchase of bit...17 Sep, 2021, 02.45 PM IST
- El Salvador body to investigate complaints about government's bitcoin purchases, ATM kiosksEl Salvador this month became the first country in the world to adopt bitcoin as legal tender, a move championed by the country's popular P...17 Sep, 2021, 10.06 AM IST
- View: Did Bitcoin’s El Salvador debut dud doom crypto?Success in El Salvador may invite imitation and could prompt multinational companies such as McDonald’s Corp., for example, to build out ro...08 Sep, 2021, 09.23 PM IST
- On 'Bitcoin Beach' tourists and residents hail El Salvador's adoption of cryptocurrencyMany businesses in the popular vacation site adopted bitcoin three years ago, after an anonymous donation of the digital currency kickstart...08 Sep, 2021, 08.52 AM IST
- El Salvador’s adoption of Bitcoin is off to a rocky startThe country is the first to use Bitcoin as an official currency, encouraging businesses and citizens to use it in everyday transactions, an...08 Sep, 2021, 07.29 AM IST
- El Salvador leads world in adopting bitcoin as official currencyPresident Nayib Bukele, who has pushed for adopting the cryptocurrency, says it will help Salvadorans save about $400 million the governmen...07 Sep, 2021, 05.37 PM IST
- Bitcoin faces biggest test as El Salvador makes it legal tenderBoth enthusiasts and detractors of crytocurrencies will be monitoring the experiment to see if a significant number of people want to trans...07 Sep, 2021, 09.56 AM IST
- Wall Street asks if Bitcoin can ever replace fiat currenciesEl Salvador, which started using the U.S. dollar as its currency more than 20 years ago, last week became the first country in the world to...14 Jun, 2021, 08.37 AM IST
- What El Salvador's bitcoin push means for the cryptocurrencyEl Salvador has become the first country in the world to adopt bitcoin as legal tender, with President Nayib Bukele touting its potential u...10 Jun, 2021, 06.08 PM IST
- El Salvador becomes first country to make bitcoin legal tenderEl Salvador's economy relies on remittances and those who are working abroad can send money back home in bitcoins.10 Jun, 2021, 09.51 AM IST
- El Salvador president wants Bitcoin as legal tenderRiding his high popularity and his party's dominance performance in Feb. 28 elections, Bukele has concentrated power. His party's supermajo...06 Jun, 2021, 11.43 AM IST
- Undocumented Indian immigrants hold $15.5 billion in spending power: ReportUsing the latest available American Community Survey data from 2019 in its latest research, the new American Economy think-tank said undocu...05 Apr, 2021, 09.26 AM IST
- El Salvador woos Indian companies to invest; offers incentivesGalindo said El Salvador's international services law is the only legislation in the region that provides full exemption from income tax fo...13 Oct, 2018, 01.02 PM IST
- CII, EL-Salvador sign MoU for improving trade, investmentsThe Confederation on Indian Industry and Investment Promotion Agency of El- Salvador signed a memorandum of understanding for promotion of ...17 Jan, 2008, 01.58 PM IST
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