1234infos
    Facebook Twitter Instagram YouTube
    Wednesday, May 25
    Facebook Twitter Instagram LinkedIn YouTube RSS
    1234infos
    • Cryptocurrency News
      • Bitcoin News
      • Ethereum News
      • Binance Coin News
      • Ripple News
      • Altcoin News
      • Dogecoin News
      • Litecoin News
    • Blockchain News
    • Cryptocurrency Exchanges
    • Technologies
    • Crypto Guide
    • en English
      af Afrikaanssq Albanianam Amharicar Arabichy Armenianaz Azerbaijanieu Basquebe Belarusianbn Bengalibs Bosnianbg Bulgarianca Catalanceb Cebuanony Chichewazh-CN Chinese (Simplified)zh-TW Chinese (Traditional)co Corsicanhr Croatiancs Czechda Danishnl Dutchen Englisheo Esperantoet Estoniantl Filipinofi Finnishfr Frenchfy Frisiangl Galicianka Georgiande Germanel Greekgu Gujaratiht Haitian Creoleha Hausahaw Hawaiianiw Hebrewhi Hindihmn Hmonghu Hungarianis Icelandicig Igboid Indonesianga Irishit Italianja Japanesejw Javanesekn Kannadakk Kazakhkm Khmerko Koreanku Kurdish (Kurmanji)ky Kyrgyzlo Laola Latinlv Latvianlt Lithuanianlb Luxembourgishmk Macedonianmg Malagasyms Malayml Malayalammt Maltesemi Maorimr Marathimn Mongolianmy Myanmar (Burmese)ne Nepalino Norwegianps Pashtofa Persianpl Polishpt Portuguesepa Punjabiro Romanianru Russiansm Samoangd Scottish Gaelicsr Serbianst Sesothosn Shonasd Sindhisi Sinhalask Slovaksl Slovenianso Somalies Spanishsu Sudanesesw Swahilisv Swedishtg Tajikta Tamilte Teluguth Thaitr Turkishuk Ukrainianur Urduuz Uzbekvi Vietnamesecy Welshxh Xhosayi Yiddishyo Yorubazu Zulu
    1234infos
    Home » El Salvador purchases first 200 BTC, President Bukele confirms

    El Salvador purchases first 200 BTC, President Bukele confirms

    0
    By umer shafi on September 7, 2021 Bitcoin News

    El Salvador president Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Sept. 7 rollout of a new law set to make the cryptocurrency legal tender. 

    “Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the Sept. 7 timetable for fully implementing the new BTC legislation.

    El Salvador has just bought it’s first 200 coins.

    Our brokers will be buying a lot more as the deadline approaches.#BitcoinDay #BTC— Nayib Bukele (@nayibbukele) September 6, 2021

    The purchase is part of a new $150 million Bitcoin fund passed last week by El Salvador’s Congress. The fund will be used to facilitate conversions from BTC to United States dollars in the lead-up to the new law being implemented. At current prices, the BTC purchase was worth just over $10.36 million.

    In June of this year, El Salvador became the first country in the world to recognize Bitcoin as legal tender. Although the decision was met with praise by the Bitcoin community, detractors from the World Bank and International Monetary Fund warned that the new strategy isn’t a good idea. More recently, internal opposition saw hundreds across the country protest against the new Bitcoin Law.

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

    Meanwhile, Bank of America recently outlined at least four potential benefits to El Salvador accepting Bitcoin. In a report published in July, the bank said the country’s adoption of BTC could streamline remittances, promote financial digitization, provide greater consumer choice and open the country to foreign investors.

    The new Bitcoin Law gives Salvadorans the ability to hold the digital asset as part of a long-term investment strategy or withdraw it in cash at any of the 200 ATMs installed across the country. The country is also building infrastructure to support a state-issued Bitcoin wallet, dubbed Chivo. The Chivo wallet will have its own ATM that allows citizens to withdraw cash 24 hours a day without paying commissions.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    NOUVELLES CONNEXES

    DeFi Land raises $4.1M to launch decentralized finance game on Solana

    The Bitcoin metric that flipped green just before $50K BTC price bull run is back

    The largest cryptocurrency exchange in Spain is ready to take its platform global

    Comments are closed.

    Final Editied by manger373
    Recent Posts
    • DeFi Land raises $4.1M to launch decentralized finance game on Solana
    • The Bitcoin metric that flipped green just before $50K BTC price bull run is back
    • The largest cryptocurrency exchange in Spain is ready to take its platform global
    • US crypto exchange CrossTower expands to India
    • Solana rally mimicking Ethereum? Why a $500 SOL price target could be ‘conservative’
    Archives
    • September 2021
    • August 2021
    • June 2021
    • May 2021
    Categories
    • Art
    • Articles
    • Binance Coin News
    • Bitcoin News
    • Blockchain News
    • Champs
    • Crypto Guide
    • Cryptocurrency Exchanges
    • Cryptocurrency News
    • Culture
    • Dogecoin News
    • Economy
    • Ethereum News
    • Fields
    • Football
    • Freedom
    • Health
    • Internationale
    • Lifestyle
    • Litecoin News
    • More
    • News coverage
    • Photos
    • Politics
    • Sciences
    • Sports
    • Technologies
    • Technology
    • The technology
    About
    About

    Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

    We're social, connect with us:

    Facebook Twitter Instagram YouTube LinkedIn RSS
    Popular Post
    September 9, 2021

    DeFi Land raises $4.1M to launch decentralized finance game on Solana

    September 9, 2021

    The Bitcoin metric that flipped green just before $50K BTC price bull run is back

    Flickr Photos
    Ascend
    terns
    casual
    riders on the storm
    chairman
    mood
    monument
    liquid cancer
    blue
    basement
    ditch
    stars
    Subscribe To Newsletter

    Email


    Copyright © 2022. by 1234infos.com
    • Home
    • Contact us
    • Privacy Policy
    • Terms and conditions

    Type above and press Enter to search. Press Esc to cancel.