Bitcoin Legalization RisksFollowing the approval of the Bitcoin Law in El Salvador by the members of the Legislative Assembly, which creates a legal framework that recognizes this digital currency as legal tender in the country, the IMF warns that financial and legal risks have arisen.Friday, June 11, 2021
With the approval of the Law, the State will guarantee, through the creation of a trust in the Development Bank of El Salvador (BANDESAL), the automatic exchangeability of bitcoin to dollars. The exchange value of this cryptocurrency to dollar will be established by the market, according to the Law. Source: elmundo.sv ¿Busca soluciones de inteligencia comercial para su empresa?Do you need Business Intelligence solutions for the financial sector? Contact UsNeed assistance? Contact us
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Coincaex to Launch Operations in El SalvadorJune 2021 After El Salvador approved a legal framework that recognizes Bitcoin as a legal tender, the cryptocurrency exchange Coincaex announced that at the end of June it will open an office in the country. Cryptocurrencies, Uncertainty and ExpectationsJune 2021 Following the approval of the legal framework that recognizes Bitcoin as a legal tender in El Salvador, one out of two local businessmen are concerned that the circulation of the cryptocurrency is mandatory and one out of three are distrustful of this change in the laws. Bitcoin Becomes Legal TenderJune 2021 Following the approval of the Bitcoin Law in El Salvador by the deputies of the Legislative Assembly, there is now a new legal framework that recognizes this digital currency as legal tender in the country. Cryptocurrencies are Illegal in GuatemalaFebruary 2021 After multiple consultations, the Superintendency of Banks announced that virtual currencies or assets such as Bitcoin, Ethereum, Ripple and other similar ones, are not legal tender in the country.
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