bitcoin national currency

Skybridge Capital Founder: Bitcoin Will Be Legal Tender in Many Latin American Countries

March 14, 2022 Bitcoin.com

Anthony Scaramucci

The founder of Skybridge Capital has predicted that “bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador.” He recently doubled down on his $100K bitcoin price prediction but does not currently see the cryptocurrency as a hedge against inflation. Bitcoin Will Be Legal Tender in Many […]

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US Lawmakers Introduce Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender

February 18, 2022 Bitcoin.com

bitcoin legal tender

Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned About Risks From El Salvador’s Bitcoin Law The U.S. Senate Committee on […]

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Fears of Price Hikes Fuel Bulgarian Euro Protests

El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender

February 2, 2022 Bitcoin.com

Bitcoin Law

El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.” El Salvador Says No to IMF on Bitcoin The government of El Salvador has rejected a recommendation […]

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IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits

January 30, 2022 Bitcoin.com

bitcoin legal tender

The International Monetary Fund (IMF) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund and start charging fees for services provided by the government’s Chivo digital wallet. IMF’s […]

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Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador’s President Predicts

January 3, 2022 Bitcoin.com

2022 predictions

El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Meanwhile, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s volcano bonds to be oversubscribed. Bitcoin Predictions 2022 by President Bukele The president of […]

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Bitcoin Legal Tender in 7 Days: El Salvador Publishes Video Explaining What to Expect

August 31, 2021 Bitcoin.com

ATM

Bitcoin will become legal tender in El Salvador alongside the U.S. dollar in seven days. The Salvadoran government has released a video explaining what to expect when the Bitcoin Law enters into force. The video features the government’s fee-free crypto wallet, Chivo. Government’s Video Explaining What to Expect When Bitcoin Becomes Legal Tender The Bitcoin […]

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Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador

June 14, 2021 Bitcoin.com

bitcoin legal tender

The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed. ECB’s Lagarde Comments on El Salvador Making Bitcoin Legal Tender ECB President Christine Lagarde has shared her view last […]

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Fears of Price Hikes Fuel Bulgarian Euro Protests