El Salvador
Article 7 and Bitcoin’s Latin American Coup
El Salvador's Bitcoin Law will make BTC a compulsory currency and create costs for everyday taxpayers – hardly an advancement for freedom or free money.
Vocal BTC Critic: Adopting Bitcoin as Legal Tender Could Ruin El Salvador’s Economy
"I have a big problem with El Salvador because of forced tender," vocal bitcoin critic Steve Hanke says on "First Mover." He discusses the local and global impact of El Salvador's currency law, explaining why he says he thinks "adopting bitcoin as legal tender could ruin El Salvador's economy." Plus, his thoughts on why bitcoin is a speculative asset with close to zero value.
Bukele’s Bitcoin Blunder for El Salvador
Preached as a way to support an underbanked population, bitcoin will increase fees and risks for Salvadorans.
Why Bitcoin Could Be Good for El Salvador
Adopting Bitcoin as legal tender could help the El Salvador economy grow, says our columnist, but there are risks if the government over-indulges new borrowing.
Strike Phasing Out USDT From Bitcoin-Based El Salvador Remittances, CEO Says
Strike, the digital wallet startup behind El Salvador’s bitcoin-based payment system, is phasing out its use of Tether’s USDT stablecoin as a U.S. dollar substitute, CEO Jack Mallers said. “The Hash” team explores the ongoing scandal around Tether and the wider repercussions of El Salvador’s currency law.
Deputy of El Salvador's Opposition Party Sues Country Over Bitcoin Law
One plaintiff says El Salvador's president failed to consider the law's harmful effects.
Strike Is Phasing Out USDT From Bitcoin-Based El Salvador Remittances, CEO Says
“Tether is no longer a part of anything,” Jack Mallers said on the “What Bitcoin Did” podcast.
Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar
CoinDesk Managing Editor of Technology Christie Harkin and Managing Editor of Markets Brad Keoun discuss this past week's top stories moving the crypto markets, including the Fed's announcement of raising interest rates, hedge funds pledging more capital to crypto, the impact of El Salvador's currency law, rising ESG concerns, China's crackdowns on bitcoin mining operations, and Taproot activation.
El Salvador Doesn't Need a Bitcoin Mandate
The Bukele administration should consider not enforcing, or eliminating, Article 7 of its new law. Let Bitcoin flourish on its own merits.
