Search results
Results from the WOW.Com Content Network
Bitcoin City is a planned smart city project in La Unión, El Salvador.The planned city is intended to be a tax haven, and to use geothermal energy to power Bitcoin mining. . The feasibility of its reliance on both geothermal energy and Bitcoin have been the subject of criticism, alongside concerns regarding delays in the project's financing and construct
El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021. [1] It has been promoted by Nayib Bukele, the president of El Salvador, who claimed that it would improve the economy by making banking easier for Salvadorans, and that it would encourage foreign investment.
As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador's President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency. The adoption of ...
The Bitcoin Law [6] (Spanish: Ley Bitcoin, pronounced [ˈlej biðˈkojn]) [7] was passed by the Legislative Assembly of El Salvador on 8 June 2021, giving the cryptocurrency bitcoin the status of legal tender within El Salvador after 7 September 2021. [8] It was proposed by President Nayib Bukele. The text of the law stated that "the purpose of ...
President Nayib Bukele is buying more Bitcoin, despite the Crypto crash. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...
Nayib Bukele is an autocrat, not a Bitcoin savior. Leo Schwartz. February 7, 2024 at 7:08 AM. Alex Pena—Anadolu/Getty Images. ... Bukele, after all, declared Bitcoin to be legal tender in 2021, ...
An Athena Bitcoin ATM in El Zonte Bukele and Mexican architect Fernando Romero with a model of the planned Bitcoin City airport. Bukele announced at the Bitcoin 2021 conference on 5 June 2021 that he would introduce a bill to the Legislative Assembly that would make bitcoin legal tender, saying that it would "generate jobs" and promote ...
In a surprise vote late Wednesday evening, the unicameral legislature passed the reform with support from President Nayib Bukele's New Ideas party, which controls Congress. The law is expected to ...