President / 2 posts found
El Salvador president addresses bear market concerns with Bitcoin hopium
As tensions rise amid falling BTC prices, President Nayib Bukele decided to share advice for fellow Bitcoin investors that may be concerned about the prolonged bear market. 14256 Total views 33 Total shares El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives. However, as tensions rise amid falling BTC prices, Bukele decided to share advice for fellow Bitcoin investors that […]
Panama’s President Partially Vetoes The Country’s Crypto Bill
Panama is considered one of the most stable economies in Latin America. This is probably one of the reasons its President wants to pass a crypto law that complies with all economic and anti-money laundering regulations to maintain the country’s statu quo. On June 16, Panamanian congressman Gabriel Silva announced on his official Twitter account that President Laurentino Cortizo had vetoed the “Crypto Bill” over fears that it would not comply with specific legal regulations. However, according to Silva, the lawmakers are already studying the veto to make the proper corrections so that the new cryptocurrency law is approved as […]