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Crypto crash could see El Salvador default on debt payments

TechSpot

Bitcoin became an official currency alongside the US dollar in El Salvador last year. The move has proved controversial: many citizens feared the volatility of BTC would make the country's economic problems even worse, and the government's wallet app has proved far from reliable. El Salvador also faced pushback from.

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Bitcoin fell $10,000 on first day as El Salvador's official currency

TechSpot

Just a few months after adopting Bitcoin as legal tender, it became an official currency of El Salvador yesterday. It's hoped that the move will make it easier for the huge number of El Salvadorians living abroad to send money home to their families—the government says Bitcoin could save the.

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Crypto exchanges struggle as El Salvador adopts Bitcoin

The Verge

Today, Bitcoin is becoming an official currency in El Salvador , and the markets and crypto exchanges seem to be struggling. El Salvador passed a resolution to adopt Bitcoin as an official currency in June. Illustration by Alex Castro / The Verge. Coinbase Support (@CoinbaseSupport) September 7, 2021.

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Bitcoin will soon be an official currency in El Salvador

The Verge

El Salvador has passed a resolution to make Bitcoin a legal currency, which makes it the first country to do so ( via The Guardian ). The law does say that the government will “promote the necessary training and mechanisms” to allow the population to use Bitcoin. Illustration by Alex Castro / The Verge.

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El Salvador Covers Electricity and Water Bills in January 2025

Medium Technology Section

In a groundbreaking move aimed at alleviating financial burdens on Salvadoran families, the government of El Salvador, under the… Continue reading on Medium

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Central African Republic follows El Salvador in making Bitcoin an official currency

TechSpot

A bill governing the use of Bitcoin was adopted unanimously by parliament last week, writes Reuters.

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MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy

TechCrunch

In a statement, the company revealed that it struck a partnership with the Central African Republic — the first country to legalize bitcoin as a legal tender in Africa and second globally only to El Salvador –to become its official crypto partner and an advisor to the president on crypto strategy and planning. .

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