Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (POL)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)
Make crypto bots for trading

El Salvador plans to continue using Bitcoin after the country's elections

Regulation: El Salvador plans to continue using Bitcoin after the country's elections

El Salvador remains steadfast in its commitment to Bitcoin as a legal tender, according to Vice President Felix Ulloa, as reported by Reuters.

When asked about the potential change in direction after the #elections, Ulloa assured that the law legalizing Bitcoin would be upheld. He emphasized that the support for this law extends beyond the country's borders, gaining recognition worldwide.

The upcoming elections, scheduled to begin on February 4, 2024, have multiple candidates vying for the presidency. Among them are the incumbent President Nayib Bukele, Joel Sanchez from the right-wing party ARENA, and Manuel Flores from the socialist party FMLN.

Ulloa further stated that if Nayib Bukele and his party Nuevas Ideas emerge victorious, El Salvador will continue its efforts in issuing bitcoin-backed bonds. This initiative was approved by the National Commission on Digital Assets in December 2023, with plans for issuance in the first quarter of 2024.

The recent decision by the #SEC to approve spot #bitcoin-ETFs has bolstered the ruling party's position on crypto-assets, as per Ulloa.

The regulator's announcement on January 10, 2024, coincided with a surge in the asset's exchange rate, resulting in significant unrealized gains for El Salvador's portfolio. These gains amounted to $15.4 million, further solidifying Bukele's position.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Market and Events: Bitcoin correction after the ATH record
Bitcoin experienced a correction after reaching a record high of $111,800, sparking discussions about the possible start of altseason and high market volatility.
Bitcoin: Pakistan launches strategic bitcoin reserve and dedicates 2,000 MW to mining
On May 28, 2025, at the Bitcoin 2025 conference in Las Vegas, Pakistan announced the creation of a strategic bitcoin reserve, a major step in the development of a national cryptocurrency..
Mining: Mining pools face increasing mining difficulty
Bitcoin's mining difficulty rose 3.7% in 24 hours, making mining more difficult and highlighting the need for energy efficient solutions in the industry.
Bitcoin: Bitcoin-ETFs in the US show significant inflows of funds
U.S. bitcoin-ETFs raised 25,500 BTC in a week, indicating high investor interest.
⁝⁝⁝

Trending news

  • Artificial Intelligence (AI)
  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • show more