El Salvador’s Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary. The Congress is...
One of the requirements that the International Monetary Fund (IMF) placed on the table for Nayib Bukele’s government to secure a financing agreement for US$1.4 billion was to reform the Ley Bitcoin (Bitcoin Law). Indeed, the government had to yield to that request if...
Bitcoin is no longer legal tender in El Salvador. That conclusion can be drawn from the new wording of the reforms to the law passed by the Asamblea Legislativa (Legislative Assembly) this Wednesday, which does not include the word “currency” anywhere. The fact that...
President Nayib Bukele breaks his vow not to take on more debt for El Salvador in 2025 and submitted a request to the Legislative Assembly for authorization to sign a $60 million loan that would be used to finance the creation of a data center in El Salvador. The...
Social and community organizations that oppose the development of the mining industry in the country held a caravan in the jurisdiction of San Isidro, Cabañas, to demand the repeal of the Ley General de la Minería Metálica (General Law on Metallic Mining), which was...
They spend more than 15 hours with shackles and handcuffs from the moment they leave Texas, and only about 10 minutes before landing do U.S. authorities remove them. This is the account given by several Salvadorans who arrived yesterday at the Aeropuerto Internacional...
