El Salvador

Bitcoin Could Boost El Salvador's Economy By Making Overseas Payments Cheaper And Boosting Us...

Jose Cabezas/Reuters Bitcoin could boost El Salvador's economy by lowering overseas payments costs, Bank of America said. The bank also said it could help digitize the economy and increase investment from the US. But BofA remains pessimistic...
Related topics: Bitcoin, Bank Of America, Banking, Reuters

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El Salvador Court Orders Pre-trial Detention Of Ex-officials

A judge in El Salvador has ordered the pre-trial arrest of 10 former government officials, including ex-President Salvador Sánchez Cerén, on corruption charges

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Ex-president Formally Charged In El Salvador Corruption Case

Prosecutors in El Salvador have formally charged former President Salvador Sánchez Cerén with illicit enrichment and money laundering

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Controversial Former President Of El Salvador Arturo Molina Dead At 93

The former Salvadoran president’s administration marked the third consecutive military regime for the Central American country, one that saw improvements to the nation’s infrastructure while also being riddled with violence and strict military...
Related topics: Military

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El Salvador’s Bitcoin Mining Proposal Faces Many Hurdles

That a country like El Salvador, poor and with many social needs, would embark on an effort to attract so-called bitcoin mining, which demands a huge amount of energy and does not generate large numbers of jobs, is an extravagance that many find...
Related topics: Bitcoin

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More Than Half Of Experts In A Recent Crypto Survey Said Bitcoin Will Replace Fiat Currency By 2050

A local business in El Salvador that accepts bitcoin payments. Alex Pena/Anadolu Agency via Getty Images 54% of fintech experts surveyed expect bitcoin to overtake currencies issued by central banks in global finance by 2050. The move could also...
Related topics: Polls, Bitcoin, Banking

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More Than Half Of Experts In A Recent Crypto Survey Said Bitcoin Will Replace Fiat Currency By 2050

A local business in El Salvador that accepts bitcoin payments. Alex Pena/Anadolu Agency via Getty Images 54% of fintech experts surveyed expect bitcoin to overtake currencies issued by central banks in global finance by 2050. The move could also...
Related topics: Polls, Bitcoin, Banking

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Cryptocurrencies Are Taking The Developing World By Storm, With More Users Now In Nigeria Than In...

Globe Robert Alexander Insider spoke to James Butterfill from CoinShares and Marius Reitz from Luno in Africa about bitcoin in the developing world. El Salvador recently made bitcoin legal tender and other governments may follow...
Related topics: Nigeria, Bitcoin

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El Salvador Bans Mass Gatherings Amid Coronavirus Surge

 El Salvador’s congress has voted overwhelmingly to impose a 90-day ban on sporting events, concerts, festivals and other mass gatherings because of a surge in coronavirus cases
Related topics: Festival

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"fly So Far": New Film Tells Stories Of Women In El Salvador Jailed For Decades Under...

The award-winning documentary “Fly So Far” looks at the criminalization of abortion in El Salvador through the incredible story of Teodora Vásquez, a woman who in 2008 was sentenced to 30 years in prison after she had a stillbirth at...
Related topics: Documentaries

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El Salvador Expels Prominent Mexican Journalist, Draws Sharp Criticism From Human Rights Groups

Authorities expelled Daniel Lizárraga, saying they could not verify his work credentials. His publication, El Faro, says the move is part of a campaign of harassment.
Related topics: Human Rights

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El Salvador Is The First Country To Make Bitcoin Legal Tender

El Salvador passed a new law last month that makes Bitcoin national legal tender alongside the U.S. dollar. This means Salvadorans can pay their taxes in Bitcoin and use it for any debt or purchase.   While this is the first...
Related topics: Bitcoin, Taxes

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Us Anti-corruption List Will Not Bring Down Popular Salvadoran President Bukele

Corruption and authoritarianism claims fail to dampen the president's popularityOriginally published on Global VoicesUS ambassador to El Salvador Jean Manes, left, meets with El Salvador's then-President-elect Nayib Bukele, February 7, 2019....
Related topics: World Photos

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Why We Need To Build Economies– Not Walls– To Stop Migration

Women in El Salvador are participating in an educational program supported by the World Health Organization that teaches safe hygiene practices and food safety. The WHO works in collaboration with El Salvador’s government and other United Nations...

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Families Search For Loved Ones Gone Missing In Post-war El Salvador

One of the flyers pasted on a tree in the city of Sonsonate, in eastern El Salvador, which on Jun. 28 called for help to find Flor Maria Garcia, 33, missing since March. The next day, the young woman's body was found in a vacant lot near...

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3 Reasons To Invest In Crypto -- And 1 Reason Not To

Cryptocurrency is gaining broader adoption among investors these days. Fintech companies are making it easier to get started buying and using crypto; companies like Tesla have experimented with accepting bitcoin (CRYPTO: BTC) as payment; and El...
Related topics: Tesla, Bitcoin

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El Salvador's Leader Hopes Bitcoin Can Lift The Country Out Of The Third World, And It Doesn't Need...

El Salvador President, Nayib Bukele. Reuters El Salvador's president defended its adoption of bitcoin as legal tender in a new interview. Nayib Bukele hopes the move will help the Latin American country transition to a First World nation. He...
Related topics: Bitcoin, Reuters

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Water Harvesting Strengthens Food Security In Central America

Angélica María Posada, a teacher and school principal in the village of El Guarumal, in eastern El Salvador, poses with primary school students in front of the school where they use purified water collected from rainfall, as part of a project...

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Hyperbitcoinization: By Choice Or By Force?

Hyperbitcoinization: By Choice Or By Force? Authored b J.P.Koning via The American Institute for Economic Research, On June 5th, El Salvador became the first country in the world to require its citizens to use bitcoin. President Nayib...
Related topics: Bitcoin

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World Bank Slams Bitcoin, Declines To Help El Salvador’s Cryptocurrency Plan

Enlarge (credit: Aurich Lawson | Getty Images) Last week, El Salvador’s government passed a law to accept bitcoin as legal tender alongside the US dollar. The country receives $6 billion in remittances per year—nearly a quarter of its gross...
Related topics: Banking, Bitcoin

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