Despite the improvement, El Salvador’s debt levels remain high, according to Fitch. The improvement in the rating reflects the reduction in financing needs. The risk rating agency Fitch Ratings announced this Tuesday, January 7, that it improved the rating of El Salvador, moving it from CCC+ to B-, as a result of the agreement reached … Read more
2024 was a year of success and good news, which ended with a couple of setbacks. In 2025 we will see more opening of the institutional world, with attempts at centralization. A year of success As this and other media have commented several times, 2024 was a pivotal year for the legitimacy of Bitcoin in … Read more
Nayib Bukele, president of El Salvador, made a publication on his personal X account to confirm that his government continues with the strategy of daily bitcoin (BTC) purchases. The post is given after the criticism that Bukele received for the agreement that closed El Salvador with the International Monetary Fund (IMF) to receive a loan … Read more
Bukele did not give up, they say from the Bitcoin Beach citadel project. Despite advanced regulation, IMF seeks transparency and control over bitcoin in El Salvador. Bitcoin (BTC) plays a central role in the agreement reached by El Salvador and the International Monetary Fund (IMF) to grant the Central American country a loan of USD … Read more
El Salvador decided to discontinue the government-created Bitcoin wallet, Chivo Wallet, as part of an agreement with the International Monetary Fund (IMF). This measure is announced as a requirement to access a loan of USD 1.4 billion from the multilateral organization. Stacy Herbert, the director of the National Bitcoin Office of El Salvador, confirmed on … Read more
«Accepting bitcoin was not mandatory for businesses in El Salvador. That is why many businesses still do not accept bitcoin,” recalls a Reddit user speaking about the possibility of changes being made to the regulation on the use of bitcoin (BTC). The comment, published on the social network this December 9, is part of a … Read more
Forcing someone to accept bitcoin is a fiat action. Literally fiat. Fíat in Latin means “let it be done”, it implies a decree. When El Salvador passed its Bitcoin Law and made it mandatory for businesses to accept BTC, it promoted Bitcoin from a fiat approach, not a bitcoiner. Therefore, not only is it not … Read more
The economic climate that currently exists in Argentina is gaining new momentum, and this is revealed by investor Ricardo Salinas Pliego, who is setting his sights on the South American country. “It seems prudent to return to Argentina to invest, after all,” the businessman considered one of the richest men in Mexico wrote in a … Read more
The ECB, the FED and the IMF reflect fear and lack of understanding about the potential of Bitcoin. El Salvador moves forward with Bitcoin, challenging the status quo, as the IMF seeks to limit its advance. In recent days, Bitcoin has once again come under intense scrutiny from prominent institutions in the traditional banking and … Read more
“The IMF and the World Bank are not fulfilling their role,” said the Russian Finance Minister. The BRICS want new organizations that are not controlled by the global financial system. As part of the mechanisms that will distance them from the US dollar, the BRICS plan to create institutions similar to the International Monetary Fund … Read more