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The president of El Salvador, Nayib Bukele, has confirmed that the country is making investments to secure a geothermal power source for the construction and operation of the upcoming Bitcoin City, which will be financed with the earnings of the so-called “volcano bonds.” Bukele stated there are high chances of
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Will the plan work? Soon, the Bitcoin Bonds will get the legal foundation they need. In a recent TV interview Alejandro Zelaya, El Salvador’s Finance Minister, said they will send the necessary bills to Congress. Soon. Reportedly, El Salvador will initially issue $1B worth of bonds, which will have a
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El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds El Salvador’s finance minister, Alejandro Zelaya,
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El Salvador’s government, led by President Nayib Bukele, has moved ahead with plans to issue Bitcoin bonds by preparing 20 bills designed to provide a legal framework for them.Head of the Treasury Alejandra Zelaya told El Salvadoran media El Mundo on Jan. 4 that the bills will cover regulations about
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Construction will begin next year in the current location of the military school, which will be rebuilt elsewhere with twice its current capacity, the president said. Dec 31, 2021 at 2:54 a.m. UTCUpdated Dec 31, 2021 at 2:54 a.m. UTCEl Salvador flag (Getty Images) Original Source
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But BTC’s sideways trading pattern didn’t last long. Today, we’ll show how bitcoin was able to break out of its two month-long price range of around $30,000 as El Salvador, the tiny Central American country that previously had used the U.S. dollar as the country’s primary currency, came to the
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BusinessIn announcing the purchase on Twitter, President Nayib Bukele also noted that the country’s land area is 21,000 square kilometers. By Eliza GkritsiDec 22, 2021 at 9:10 a.m. UTCUpdated Dec 22, 2021 at 11:14 a.m. UTCEl Salvador (Esaú González, Unsplash) Source
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The government of El Salvador continues celebrating significant days by buying more Bitcoin (BTC), with president Nayib Bukele announcing a new purchase of 21 BTC on Tu.Worth around $1,036,000 at the time of writing, El Salvador’s latest BTC investment is to celebrate the “last 21st day of the year 21
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This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown’s” “End of Year Extravaganza,” we’re joined by macro analyst and thought leader Lyn Alden.Find our guest on Twitter: @LynAldenContactSee also: Market Wrap Year-End Review: Bitcoin Starts Off in a Frenzy“The Breakdown” is written, produced by and features Nathaniel Whittemore
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Bitcoin has now become part of El Salvador’s daily life following the official implementation of the cryptocurrency as a legal tender. Since then, the El Salvador government has pledged to purchase bitcoins and has held up its end of the bargain. Now, every time the price of BTC goes down,
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