Business > Economy

El Salvador moves to make bitcoin legal tender. It would become the first country to formally adopt the cryptocurrency as part of its economy

10 days ago   |   By Business Insider

Summary List Placement Hello! This story is from today's edition of Morning Brew, an awesome daily email read by 2.9 million next-generation leaders like you. Sign up here to get it!
An important person tweeted about adopting bitcoin...and guess what? It wasn't Elon Musk.
On Saturday, El Salvador's president, Nayib Bukele, said he's going to send a bill to the legislature to make bitcoin a legal tender in the country. It'd be the first country to formally adopt the cryptocurrency as part of its economy.
Why El Salvador? Much of the Central American country already operates outside the...
Read more ...

 

El Salvador To Make Bitcoin Legal Tender: A Milestone In Monetary History

El Salvador To Make Bitcoin Legal Tender: A Milestone In Monetary History

10 days ago   |   By Forbes

On June 5, at a conference in Miami, El Salvador President Nayib Bukele announced that the Central American country is in the process of adopting bitcoin as legal tender: a move that would make El Salvador the first country to deem bitcoin an official national currency.
Read more ...

 


Search by Tags

   Economy      Finance      Policy      Policy      Business      Business      Editors' Pick      Editors-pick  


Kim Jong Un told North Korea's government to 'get fully prepared for...

Kim Jong Un told North Korea's government to 'get fully prepared for confrontation' with the US

Summary List Placement North Korea's leader told his government to prepare for confrontation with the United States. Kim Jong Un addressed his government on Thursday, and the... Read more ...

Bernie Sanders is drafting a $6 trillion infrastructure package, which...

Bernie Sanders is drafting a $6 trillion infrastructure package, which Senate Democrats are considering passing without the GOP

Summary List Placement Sen. Bernie Sanders, chair of the Senate Budget Committee, drafted a $6 trillion infrastructure package that Senate Democrats are considering approving... Read more ...

The Supreme Court unanimously rules in favor of Catholic charity in case...

The Supreme Court unanimously rules in favor of Catholic charity in case that pitted religious freedom against LGBTQ rights

Summary List Placement The US Supreme Court unanimously ruled on Thursday in favor of a Catholic child welfare organization in a case in which the charity declined to place... Read more ...

Andrew Yang muddies mayoral debate answer by saying mentally ill homeless...

Andrew Yang muddies mayoral debate answer by saying mentally ill homeless people have rights, 'but you know who else have rights? We do'

Summary List Placement Democratic New York City mayoral candidate Andrew Yang drew swift condemnation from critics over what they described as an insensitive remark at... Read more ...

Latinas hardest hit by job loss as economy recovers

Latinas hardest hit by job loss as economy recovers

A new report finds that Latinas have left the workforce at rates higher than any other demographic and also have had some of the highest unemployment rates throughout the pandemic. Read more ...

Biden apologized for losing his temper when a CNN reporter pressed him on...

Biden apologized for losing his temper when a CNN reporter pressed him on Putin, saying he 'shouldn't have been such a wise guy'

Summary List Placement President Joe Biden on Wednesday expressed regret over losing his temper when CNN White House correspondent Kaitlan Collins pressed him on his meeting... Read more ...

Biden gifts Putin a crystal sculpture of an American bison and custom...

Biden gifts Putin a crystal sculpture of an American bison and custom aviators during their first face-to-face meeting at Geneva summit

Summary List Placement President Joe Biden on Wednesday gifted Russian President Vladimir Putin a crystal sculpture of an American bison and a pair of custom Aviators... Read more ...

Putin says 'there is no happiness in life' after his meeting with Biden

Putin says 'there is no happiness in life' after his meeting with Biden

Summary List Placement Russian President Vladimir Putin struck a dark tone during his lengthy, rambling press conference following nearly four hours of talks with President Joe... Read more ...

Fed signals two interest rate hikes by 2023 as inflation soars

Fed signals two interest rate hikes by 2023 as inflation soars

Federal Reserve officials on Wednesday held interest rates near zero but signaled two interest rate hikes by the end of 2023 as the economy rebounds and inflation soars... Read more ...

Fox News host Harris Faulkner complimented Vladimir Putin for answering...

Fox News host Harris Faulkner complimented Vladimir Putin for answering questions for longer than Joe Biden - before the US president even spoke

Summary List Placement Fox News anchor Harris Faulkner said that Vladimir Putin gave more time to the press than Joe Biden, even though the US president had not yet delivered... Read more ...