Tag Archives: El Salvador

Bitcoin Crash May Push El Salvador Into Debt Default

El Pais reports: As a result of the fall in global markets caused by the uncertainty of the war in Ukraine, rising inflation and the US Federal Reserve’s decision to raise interest rates, the price of the most popular cryptocurrency in the world has plummeted more than 50% from its all-time highs. And with it, so too have the bonds …

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El Salvador First To Adopt Bitcoin As Legal Tender

Forbes reports: El Salvador has become the first country in the world to formally adopt cryptocurrency after its Congress voted overwhelmingly to approve a law classifying Bitcoin as legal tender, President Nayib Bukele [photo] said Wednesday, an initiative he hopes will boost foreign investment, improve financial inclusion and generate jobs. Bitcoin is set to become legal tender in 90 days, …

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EL SALVADOR: Legislature Advances Bans On Gay Adoption And Marriage

Via the Associated Press: A bill that would ban same-sex marriage in El Salvador has won preliminary approval from the legislature. A package of constitutional reforms approved Thursday night also would bar same-sex couples from adopting children. The reforms will not take effect unless they are ratified by a two-thirds majority in the next legislative session, which will open on …

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EL SALVADOR: Gay Marriage Ban Fails

An attempt to place a ban on same-sex marriage into the national constitution has failed miserably in El Salvador. According to Spanish news agency EFE, only 19 out of 84 lawmakers on Friday voted in favor of the ban. The measure, which cleared the chamber in 2012, defines marriage as between a man and a woman and their children. It …

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