Bitcoin News Post
No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
LIVE PRICES
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
No Result
View All Result
Bitcoin News Post
No Result
View All Result

Inside El Salvador’s Bitcoin experiment: Cointelegraph video report

by BNP
July 27, 2021
in Bitcoin News
0
Share on FacebookShare on Twitter



Final month, Bitcoin was adopted as authorized tender in El Salvador, becoming a member of the U.S. greenback.

The nation’s new Bitcoin Regulation, which might be enforced beginning Sept. 7, will permit Salvadorans to make use of Bitcoin (BTC) as a forex to buy items and companies, in addition to to pay taxes and debt.

El Salvador’s president, Nayib Bukele, has said that Bitcoin adoption will vastly profit the 70% of the native inhabitants that lacks entry to banking companies. He additionally believes that it’ll entice investments and create new jobs.

Nonetheless, the Bitcoin Regulation has raised a number of considerations. Skeptics say the cryptocurrency’s excessive volatility might pose a menace to the nation’s monetary stability. A really low web penetration price, together with an absence of schooling about Bitcoin and cryptocurrency inside the nation, might additionally stop Bitcoin from reaching widespread adoption in El Salvador.

To spice up Bitcoin adoption, President Bukele has promised to construct the required infrastructure. This consists of 1,500 Bitcoin ATMs and a authorities pockets meant to ensure prompt conversions of Bitcoin into {dollars}.

Will that be sufficient for Bukele’s financial experiment to succeed? To reply this query, Cointelegraph talked with the individuals of El Salvador, in addition to with critics and supporters of the Bitcoin Regulation.

Take a look at the total report from El Salvador on Cointelegraph’s YouTube channel, and don’t neglect to subscribe!



Source link

ShareTweetPin

Related Posts

US Lawmaker Outlines Priorities to Regulate Crypto and Make America the Place for Blockchain Innovation – Regulation Bitcoin News

by BNP
January 28, 2023
0

The chairman of a newly fashioned digital belongings committee, U.S. Congressman French Hill, has outlined some priorities to manage the...

SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto – Regulation Bitcoin News

by BNP
January 28, 2023
0

A commissioner with the U.S. Securities and Change Fee (SEC) has referred to as for “a coherent and constant authorized...

Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year – Markets and Prices Bitcoin News

by BNP
January 28, 2023
0

Goldman Sachs has ranked bitcoin the best-performing asset up to now this yr. The cryptocurrency additionally tops the worldwide funding...

Global Digital Cluster Coin (GDCC) Is Now Available on LBank Exchange – Press release Bitcoin News

by BNP
January 28, 2023
0

press launch PRESS RELEASE. LBank Trade, a worldwide digital asset buying and selling platform, has listed International Digital Cluster Coin...

California DMV Is Putting Its Titles on the Blockchain – Blockchain Bitcoin News

by BNP
January 27, 2023
0

The Division of Motor Autos (DMV) in California is working a mission to digitize all of its titles and put...

Total crypto market cap rises above $1T, and data suggests more upside is in store

by BNP
January 27, 2023
0

Regardless of the current destructive crypto and macroeconomic newsflow, the entire cryptocurrency market capitalization broke above $1 trillion on Jan....

Load More
Next Post

Binance will 'work with regulators' as it expands, says CEO

Bitcoin News Post

Get the latest Bitcoin news & Cryptocurrency updates from the world's top trusted sources.

  • Home
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © Bitcoin News Post.

No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation

Copyright © Bitcoin News Post.

  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • RelevantRelevant(REL)$0.791.67%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183584-4.85%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%