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REMITTANCES IN EL SALVADOR
Fears of hunger overwhelm a Central American village as El Nino approachesVillagers in Cunen, Guatemala, confront a severe drought. The looming El Nino weather pattern intensifies fears of widespread hunger. Local...- Trump's 'One Big Beautiful Bill Act': How remittance tax plan might deliver a big economic blow to US allies?Trump's 'One Big Beautiful Bill Act'': A new US bill proposes a 5% tax on money sent from the US to other countries. This targets non-citiz...
- Trump hosts 'coolest dictator' Bukele in migrant crackdown talksPresident Trump is hosting El Salvador's President Bukele, solidifying their alliance through a controversial migrant deportation program t...
- El Salvador's 'Bitcoin Beach' cheers cryptocurrency surgeIn a surf town in El Salvador nicknamed "Bitcoin Beach," shopkeeper Maria Aguirre watched with delight as the cryptocurrency -- and her inv...
- 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...
- 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...
- Bit by bit from El Salvador? Not quiteOne attraction that bitcoin holds for El Salvador President Nayib Bukele is that the country receives remittances from El Salvadorans abroa...
- Crypto platform Bitso working with El Salvador on Chivo digital walletBitso said it will work with Silvergate Bank, a US federally-regulated and California state-chartered bank, to facilitate transactions in U...
- 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...
- Pros and cons for El Salvador, the first bitcoin nationDespite Bukele's popularity, the move has been greeted with skepticism by many Salvadorans who are concerned about the cryptocurrency's vol...
- 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...
- Migrant families wary as El Salvador becomes first to adopt bitcoinAs of this week, El Salvador's government says its historic adoption of bitcoin as legal tender will save Salvadorans living abroad million...
- Remittance costs key to take-up of Salvadoran Bitcoin plan: Development bankPresident Nayib Bukele's congressional allies have already approved legislation giving the cryptocurrency official currency status alongsid...
- Salvadoran Bitcoin users to get $30 from government: PresidentAccording to World Bank data, El Salvador received more than $5.9 billion in 2020 from nationals living abroad.
- Bitcoin to become legal tender in El Salvador on Sept 7El Salvador's Congress already approved President Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in ...
- 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...
- IMF sees legal, economic issues with El Salvador Bitcoin moveEl Salvador's law means bitcoin will have equal footing with the dollar, which became its official currency 20 years ago.
- 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...
- 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.
- 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...
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