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“# Powers On… El Salvador is the unlikely leader for sovereign adoption of Bitcoin as national currency ” Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an…
“# Opposition poses constitutional challenge to El Salvador’s Bitcoin law ” El Salvador’s grand plans to promote Bitcoin adoption could be turned on their head if President Bukele’s Bitcoin law is proven to be unconstitutional in the country’s courts. A group of citizens joining forces with political party, Farabundo Martí National Liberation Front (FMLN), has…
“# Russian oligarch Deripaska blasts Bank of Russia for ignoring Bitcoin ” Russian industrial tycoon Oleg Deripaska is the latest figure to criticize the Bank of Russia’s stance on cryptocurrency regulation in the country. Deripaska took to his official Telegram channel on Thursday to blast the Russian central bank for pressuring the crypto industry to…
“#World Bank won’t help El Salvador make bitcoin legal tender” The World Bank has rejected El Salvador’s request for help as the country seeks to become the first nation in the world to implement bitcoin as legal tender. “While the government did approach us for assistance on Bitcoin, this is not something the World Bank…
“# An asset for all classes: What to expect from Bitcoin as a legal tender ” For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the…
“#El Salvador to keep dollar as legal tender, seeks World Bank help with bitcoin” El Salvador will not replace the US dollar with bitcoin as the legal tender, Finance Minister Alejandro Zelaya said Wednesday, as the Central American nation sought technical assistance from the World Bank to implement bitcoin regulation. The Central American country this…
“#El Salvador volcanoes to power bitcoin mining” Bitcoin is red-hot in El Salvador — and the country says it plans to use power from its volcanoes to mine it. El Salvador President Nayib Bukele — just hours after the country’s legislature approved the “Bitcoin Law,” making it the first to accept Bitcoin as legal tender…
“#What does it mean for crypto?” LONDON, June 10 – El Salvador has become the first country in the world to adopt bitcoin as legal tender, with President Nayib Bukele touting its use for its potential to help Salvadorans living abroad to send remittances back home. Here’s what the move means for bitcoin as a mainstream currency – and emerging markets such as El Salvador:…
“#Salvadoran woman freed from jail after 30-year abortion sentence” A Salvadoran woman who had served nearly a third of her 30-year prison sentence on charges of terminating her pregnancy and violating El Salvador’s harsh abortion ban was released on Monday, activists said. Sara Rogel was arrested in October 2012 after going to a hospital with…
“#Letters to the Editor — May 9, 2021” COVID uncertaintyThe Post editorial about herd immunity makes several good points, albeit within the context of general uncertainty about the virus (“We’re Still Beating COVID,” May 4). We have reason to be optimistic, but we have more work to do and still need to grasp the uncertainty…