# Retirees in El Salvador protest against Bitcoin adoption

# Retirees in El Salvador protest against Bitcoin adoption

“# Retirees in El Salvador protest against Bitcoin adoption ” Amid El Salvador preparing to officially enforce the country’s Bitcoin (BTC) law in early September, Salvadorans took to the streets to protest over the adoption of BTC as an official currency. El Salvador’s anti-Bitcoiners have expressed discontent regarding the government’s plans to adopt Bitcoin as…

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# El Salvador’s Bitcoin adoption may transform remittance in Central America

# El Salvador’s Bitcoin adoption may transform remittance in Central America

“# El Salvador’s Bitcoin adoption may transform remittance in Central America ” The Central American Bank for Economic Integration (CABEI) has identified remittance as an important aspect of El Salvador’s Bitcoin (BTC) adoption policy. According to Reuters on Tuesday, the regional development bank expects other Central American nations to pay close attention to Bitcoin’s impact…

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# El Salvador president announces infrastructure already being built ahead of country’s Bitcoin adoption

# El Salvador president announces infrastructure already being built ahead of country’s Bitcoin adoption

“# El Salvador president announces infrastructure already being built ahead of country’s Bitcoin adoption ” Nayib Bukele, the president of El Salvador and the principal figure behind the country’s adoption of Bitcoin (BTC), said residents will have the opportunity to convert their crypto to fiat immediately after Bitcoin is recognized as legal tender.  In a Sunday…

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# Draft El Salvador Bitcoin banking regulations released

# Draft El Salvador Bitcoin banking regulations released

“# Draft El Salvador Bitcoin banking regulations released ” The central bank of El Salvador, Banco Central de Reserva (BCR), has published draft regulations on how banks should handle Bitcoin. Two documents were released for consultation on Aug. 17 instructing banks and financial institutions how to offer Bitcoin-related services to their customers. The first, titled…

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# IMF intends to ‘ramp up’ digital currency monitoring

# IMF intends to ‘ramp up’ digital currency monitoring

“# IMF intends to ‘ramp up’ digital currency monitoring ” The International Monetary Fund, or IMF, plans to “step up” its monitoring of digital currencies, according to a report by Reuters. This intent, as published in an IMF paper Thursday, details how the fund plans to “manage this far-reaching and complex transition” toward a digitized economy. “Rapid technological…

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# IMF issues veiled warning against El Salvador’s Bitcoin law

# IMF issues veiled warning against El Salvador’s Bitcoin law

“# IMF issues veiled warning against El Salvador’s Bitcoin law ” The International Monetary Fund is warning that some of the consequences of a country adopting Bitcoin as a national currency “could be dire.” According to IMF marketing department financial counsellor and director Tobias Adrian and legal department general counsel and director Rhoda Weeks-Brown, a…

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