India will take a differentiated approach to cryptocurrencies, different from the United States or El Salvador

The government will take a different approach to regulating cryptocurrencies in India, which will be different from Western markets, said the chairman of the Parliamentary Standing Committee on Finance Jayant Sinha during an online event. The legislator’s most recent comments come amid uncertainty among Indian stakeholders due to the long expectation of regulation for Bitcoin … Read more

Cryptocurrency being watched by central banks in Honduras, Guatemala, after bitcoin adoption in El Salvador

Honduran and Guatemalan central banks are eyeing digital currencies, officials said on Wednesday after El Salvador adopted Bitcoin as its legal currency. The presidents of the central banks of Honduras and Guatemala said that banks are studying digital currencies with the aim of eventually introducing them into the economy, including through a central bank digital … Read more

Bitcoin in El Salvador: President Nayib Bukele steps in to fix cryptocurrency deployment issues

Salvadoran President Nayib Bukele stepped in on Wednesday to manage the launch of a payments application that supports the adoption of Bitcoin as a legal currency, and asked users to report any issues on their Twitter feed. Adopting language similar to IT departments in offices around the world, Bukele asked users to close and restart … Read more

Bitcoin in El Salvador: World’s First Adoption of Cryptocurrency Faces Raging Protests, Failures, and a Fall

The historic adoption of Bitcoin as a legal currency in El Salvador on Tuesday was marred by initial problems, such as a furious protest from suspicious citizens, technological failures and a drop in cryptocurrency hindered the launch. The daring experiment got off to a rocky start when, just after midnight, Salvadoran President Nayib Bukele complained … Read more

Bitcoin Becomes Legal Bidding in El Salvador, President Nayib Bukele Says Country Now Holds BTC 400

El Salvador on Tuesday becomes the first country in the world to accept Bitcoin as legal tender, despite widespread domestic skepticism and international warnings about risks to consumers. The government of President Nayib Bukele says the measure will give many Salvadorans access to banking services for the first time and will save about $400 million … Read more

Bitcoin Adoption in El Salvador: Most People Don’t Want Cryptocurrency, Research Shows

Most Salvadorans disagree with the government’s decision to adopt Bitcoin as their legal currency, many do not know how to use the digital currency and are suspicious of the project, a survey by the Central American University (UCA) showed on Thursday. At least 67.9 percent of 1,281 people surveyed said they disagree or strongly disagree … Read more

Cryptocurrency Adoption in El Salvador: Congress Supports $150 Million Fund to Facilitate Bitcoin Conversions

El Salvador’s Congress passed a law to create a fund of $150 million (about Rs. 1,095 crores) to facilitate Bitcoin conversions to US dollars ahead of its planned adoption of cryptocurrency as a currency next week. With 64 votes in favor and 14 votes against, Congress approved the fund because El Salvador, which already uses … Read more

Bitcoin adoption in El Salvador: shipping costs are critical to cryptocurrency acceptance, says the development bank

Central American countries are eagerly waiting to see if El Salvador’s adoption of Bitcoin as a parallel legal currency will cut the cost of remittances, an important source of income for millions of people, the region’s development bank said. President Nayib Bukele’s allies in Congress have already passed legislation that makes the official cryptocurrency alongside … Read more