Cryptopayment Service Strike Moves Headquarters to El Salvador Amid Regulatory Pressure
Cryptopayment service Strike announced its decision to move its headquarters to El Salvador amid increasing pressure from U.S. regulators. The company also expanded its services to 65 countries. Previously, the Strike mobile app only worked in the U.S., El Salvador, and A ...
American Senators Propose Cryptocurrency Accountability Bill for Bitcoin Adoption in El Salvador
American senators have advanced a cryptocurrency accountability bill in El Salvador (ACES), implying oversight of BTC acceptance in the Latin American country and risk analysis for the United States. On May 11, Senators Jim Risch of Idaho and Bob Menendez of New Jersey in ...
El Salvador: A Land of Opportunity for Crypto Enthusiasts
El Salvador's president, Nayib Bukele, has been making waves in the global community by recognizing bitcoin as a legitimate means of payment and touting his country as a safe haven for foreigners. In a tweet that harkens back to vintage American-style posters, Bukele invites people to move to his ...
El Salvador President Announces Plan to Abolish Taxes for Tech Companies
El Salvador's President has taken a major step towards establishing the country as a global hub for the cryptocurrency industry. The move involves the elimination of all taxes on technology companies, as announced by Nayib Bukele, the leader of the nation that made Bitcoin an official means of pa ...
President of El Salvador Credits Bitcoin Legalization for Boosting Tourism Sector by 95%
According to the President of El Salvador, Nayib Bukele, the country's economy has experienced a significant boost thanks to the recent legalization of bitcoin, resulting in a 95% increase in the tourism sector. In an interview, Bukele mentioned that the move to make bitcoin a legal tender has ma ...