El Salvador the first country to make Bitcoin a legal tender on June 9 is all set to airdrop bitcoin for citizens to promote its use. President Nayib Bukele in a state address announced they would be airdropping $30 worth of Bitcoin for every registered user in association with a mobile wallet service provider Chivo.
South American nation, Paraguay is on track to make Bitcoin (BTC) a legal tender following the announcement of the proposal of a bill to support the move. The bill proposal was affirmed by a member of parliament Carlitos Rejala who shot into global fame in the past weeks. The bill, if passed will position Paraguay
The US Congress recently passed at least two cryptocurrency bills that are supposed to facilitate mainstream adoption of digital currencies. The bill, called the Blockchain Innovation Act, and part of the Digital Taxonomy Act were passed as part of the broader US Consumer Safety Technology Act of 2020.
A group of citizens joining forces with the political party Farabundo Martí National Liberation Front (FMLN) has filed a lawsuit claiming El Salvador President Bukele’s Bitcoin adoption program is unconstitutional. FMLN legislator, Jaime Guevara, led the move along with citizens, including plaintiff Óscar Artero, who characterize the country’s Bitcoin law as “lacking in legality, foundation, […]
Carlos Antonio Rejala Helman, the Paraguayan Deputy Leader, is the latest Latin American statesman to act in the unfolding Latin American cryptocurrency race....
The World Bank recently rejected a request from El Salvador for assistance with its adoption of Bitcoin as legal tender. Despite this, President Nayib Bukele’s dogged pursuit to make Bitcoin a legal tender in El Salvador may soon become a reality as the World Bank’s founding document stipulates that the Bank must accept payments in […]