El Salvador

El Salvador and Argentina have signed an agreement to collaborate on cryptocurrency regulation and innovation in Latin America. The deal aims to share expertise, boost crypto growth, and strengthen the regulatory framework for digital assets in both countries.

Brazil is considering a law to create a Bitcoin reserve, RESBit, as part of its economic strategy to strengthen stability and support its digital currency, Drex. Inspired by El Salvador's Bitcoin use, the reserve would diversify assets and be managed with blockchain for transparency.

El Salvador’s President Bukele quickly congratulated Donald Trump on his election win, signalling a diplomatic alignment with the U.S. leader. As Trump nears victory, the race remains tight, with global implications depending on the final outcome.

El Salvador's President Nayib Bukele donated two Bitcoins, worth about $134,000, to help build 1,000 schools in Honduras, a country facing poverty and educational challenges. The donation was received by philanthropist Shin Fujiyama, who co-founded Students Helping Honduras and is currently running a charity run in El Salvador to raise funds for the initiative.

比特币在萨尔瓦多推行三年，但民众接受度依然低迷

A recent survey revealed that only 7.5% of Salvadorans use Bitcoin for transactions, despite the government's efforts and investments since it became legal tender in September 2021. Most citizens prefer the government to focus on education and industrial development rather than Bitcoin, highlighting a disconnect between official policies and public priorities.

Under President Nayib Bukele’s leadership, El Salvador has made good on financial liberty. On October 4, the El Salvadoran government offered to repurchase its sovereign bonds that are due between 2027 and 2052 at slightly above-market prices and close to par values.

Musk applauds Bukele’s UN address defending free speech, despite criticisms regarding freedom and human rights in El Salvador, where Bitcoin is embraced as legal tender.

Elon Musk and President Nayib Bukele discussed global innovation and technology but avoided crypto conversations during their meeting in Austin. Musk praised Bukele’s leadership, while El Salvador’s Bitcoin investments continue to show positive returns.

Bitcoin has been legal tender in El Salvador for three years, but many consumers are still reluctant to use it. What’s next?