Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Salvador"


25 mentions found


USAID to grant $115 mln in aid to El Salvador to stem migration
  + stars: | 2021-06-15 | by ( ) www.reuters.com + 0.74   time to read: +1 min
People wait in the back of a truck at the Immigration check point during a caravan of migrants departing from El Salvador en route to the United States, in Acajutla, El Salvador, October 31, 2018. REUTERS/Jose CabezasThe United States will grant $115 million in cooperation aid to El Salvador to slow migration from the Central American country, Samantha Power, administrator of the United States Agency for International Development (USAID), said on Monday. "We can work with local partners in Central America to expand opportunities for youth and help them get away from violence," Power said at a conference on migration at the Central American University, where she announced the aid initiative. USAID says it will also contribute $12 million for small and medium-sized businesses in Guatemala, Honduras and El Salvador that were affected by coronavirus-related lockdowns. The Biden administration has pledged to invest $4 billion to address the root causes of migration from Central America.
Persons: Jose Cabezas, Samantha Power, Power, Biden Organizations: REUTERS, Central, United States Agency for International Development, USAID, Central American University, Central America, Thomson Locations: El Salvador, United States, Acajutla, Central American, Central America, Guatemala, Honduras, Central
Amundi's Marco Pirondini told Insider he thinks regulation is coming for the crypto space. He said assets like bitcoin and etherum wouldn't play a bigger role in 10 years than they do today. "The world of these digital currencies that live outside the rule I think is coming to an end," he said. Luke Lloyd, an investment strategist at Strategic Wealth Partners, told Insider in February that while he thinks regulation around bitcoin specifically would spook investors in the near-term, it would be a positive longer-term. China has taken a hardline stance, banning banks from conducting business with bitcoin, silencing bitcoin social media influencers, and stopping bitcoin mining.
Persons: Amundi's Marco Pirondini, doesn't, etherum, Marco Pirondini, Pirondini, Pascale Blanque, Aya Kantorovich, It's, there's, Luke Lloyd, Lloyd Organizations: Amundi, , cryptocurrencies, Strategic Wealth Partners Locations: China, Washington, El Salvador
Carlos Betancourt is the co-founder of BKCoin Capital, a $65 million-asset crypto hedge fund. He breaks down three under-the-radar drivers that could shortly reboot the crypto bull market. He shares why he thinks El Salvador's acceptance of bitcoin as legal tender is "extremely powerful." While big-name investors and influential individuals tend to move the markets, Betancourt believes that there have been some positive developments flying under the radar in the crypto market that could really reboot the bull market . "But we continue to be bullish, we still think that we are in a bull market and there's a good chance that we'll see all-time highs again before the end of the year."
Persons: Carlos Betancourt, El, Betancourt, " Betancourt, Satoshi Nakamoto, What's, Elon, Musk, Tesla, Paul Tudor Jones, bitcoin, Dan Tapiero, Solana, Andreessen Horowitz, Ethereum's, We've, Kevin Kang Organizations: BKCoin, Financial District, Bitcoin, Tesla, Holdings, Solana Labs, Polychain, MicroStrategy Locations: New York City, bitcoin, China, Paris, Latin America, El Salvador
SAN SALVADOR, June 14 (Reuters) - The head of the Central American Bank for Economic Integration (CABEI) said on Monday that the bank will provide technical assistance to El Salvador to implement bitcoin as legal tender. Dante Mossi, speaking at a news conference, added that the bank will also work with El Salvador’s finance ministry and central bank to select a team to work on the implementation. (Reporting by Nelson Renteria Writing by Daina Beth Solomon)
Persons: Dante Mossi, Nelson Renteria, Daina Beth Solomon Organizations: SALVADOR, Central American Bank for Economic, El Locations: El Salvador
Roberto Carlos Silva, owner of La Zontena store, poses at his business where he accepts Bitcoins at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021. REUTERS/Jose Cabezas/FilesThe head of the Central American Bank for Economic Integration (CABEI) said on Monday the bank will give El Salvador technical assistance to implement bitcoin as legal tender, even though it still issues debt only in dollars. Mossi added the bank will work with El Salvador's finance ministry and central bank to select a team to work on the implementation. When asked if CABEI would accept payments in bitcoin, Mossi noted the bank at present deals only in dollars. El Salvador has said it will still accept dollars, and that bitcoin use will be by choice and tied to the dollar exchange rate.
Persons: Roberto Carlos Silva, Jose Cabezas, Dante Mossi, Mossi, CABEI, El Salvador Organizations: REUTERS, Central American Bank for Economic, El, International Monetary Fund, Thomson Locations: El, Chiltiupan, El Salvador, Honduras, bitcoin
(Fixes typo)FILE PHOTO: : Bitcoin banners are seen outside of a small restaurant at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021. The sharp increase in bitcoin transfers mirrors trends across Central America, the data showed, one of the first glimpses of crypto use in El Salvador. El Salvador data for October-January was not available. Bitcoin transfers in Central AmericaREMITTANCE RELIANCEIn its latest report, the World Bank found that for the first three months of 2021, remittances to El Salvador jumped a third year-on-year. While El Salvador sees bitcoin as a useful way for citizens overseas to send funds home, major remittance firms are cautious about offering cryptocurrency services.
Persons: Jose Cabezas, El Salvador, Nayib Bukele, Chainalysis, Bitcoin, bitcoin, Moody’s, ” Moody’s Organizations: REUTERS, Reuters, Central American, World Bank, El, International Monetary Fund, IMF Locations: El, Chiltiupan, El Salvador, Central America, Salvador, United States
7 key things that happened in crypto over the past week
  + stars: | 2021-06-14 | by ( Taylor Locke | ) www.cnbc.com + 0.00   time to read: +4 min
It was another busy week in the crypto world, from El Salvador adopting bitcoin as legal tender to a CryptoPunk NFT selling for a record amount. In case you missed it, here are seven things worth knowing about what happened in crypto over the last week. "The threats posted by crypto show that Congress and federal regulators can't continue to hide out, hoping that crypto will go away. Bitcoin 2021 Conference attendees report testing positive for Covid-19Several attendees of the Bitcoin 2021 Conference in Miami, Florida, last weekend have tested positive for Covid-19. CryptoPunk NFT sells for record $11.7 million at Sotheby's auctionA rare CryptoPunk sold on Thursday at Sotheby's for over $11.7 million.
Persons: bitcoin, Sen, Elizabeth Warren, Cryptocurrency, Warren, CryptoPunk NFT, Shalom Meckenzie, Fred Thiel, Smart, Elon, Tesla Organizations: El, FBI, Colonial Pipeline, Department, CNBC, Federal Reserve, Miami, Marathon Digital Holdings Locations: El Salvador, bitcoin, U.S, Miami , Florida, Sotheby's, DraftKings
Vice President Kamala Harris received media training ahead of her first foreign trip, CNN reports. A Harris aide described the training as routine. She was specifically prepped on a border question that later landed her in hot water. In response to the news first reported by CNN, senior Harris aide described the training as routine and not spurred by any particular event. "In her mind she's being careful to be truthful, but to observers it sometimes looks like she's being dismissive," a former Harris aide told CNN.
Persons: Kamala Harris, Harris, hasn't, Joe Biden, Alexandria Ocasio, Cortez Organizations: CNN, El, NBC Locations: Mexico, Central America, El Salvador, Honduras, Europe, Alexandria, Cortez of New York
: Bitcoin banners are seen outside of a small restaurant at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021. El Salvador is heavily reliant on remittances. The sharp increase in bitcoin transfers mirrors trends across Central America, the data showed, one of the first glimpses of crypto use in El Salvador. El Salvador data for October-January was not available. While El Salvador sees bitcoin as a useful way for citizens overseas to send funds home, major remittance firms are cautious about offering cryptocurrency services.
Persons: Jose Cabezas, El Salvador, Nayib Bukele, Chainalysis, Bitcoin, bitcoin, Moody's Organizations: REUTERS, Reuters, Central American, World Bank, El, International Monetary Fund, IMF, Thomson Locations: El, Chiltiupan, El Salvador, Central America, Salvador, United States
In El Salvador's bitcoin beach town, digital divide slows uptake
  + stars: | 2021-06-14 | by ( ) www.reuters.com + 0.00   time to read: +5 min
The El Salvadoran beach town of El Zonte is visibly poor, with dirt roads and a faulty drainage system. President Nayib Bukele cited Bitcoin Beach as inspiration for his push to adopt the cryptocurrency nationally. She rarely uses bitcoin, she says, because like many in the town, her battered smartphone struggles with the payments app. Then there is the internet connection, notoriously patchy in rural places like El Zonte, which is 49 km (30 mi) southwest of San Salvador, the capital. Despite the barebones infrastructure, three young Salvadorans in 2019 began the Bitcoin Beach project backed by Californian Michael Peterson, after an "anonymous donation" of bitcoin.
Persons: El Zonte, Zulma Rivas, Nayib Bukele, Bitcoin, Rivas, El Salvador, Oscar Picardo, University of Francisco Gavidia, Picardo, Dania Gonzalez, Michael Peterson, Peterson, Bukele, bitcoin, Nic Carter, Jack Mallers, Mallers, Renato Salazar, Salazar, Blanca Ponce, Ponce Organizations: El, Network, Reuters, Microsoft, Interamerican Development Bank, University of Francisco, Education, Bitcoin, Salvadorans, Salvadoran, Central, Thomson Locations: El Salvadoran, El, San Salvador, Latin America, Caribbean, Honduras, El Salvador's, U.S, El Zonte, United States, El Salvador, Bitcoin Beach, Central American
REUTERS/Caitlin OchsThe U.S. Centers for Disease Control and Prevention (CDC) said on Monday it will temporarily suspend importation of dogs from 113 countries classified as high risk for dog rabies effective July 14. The suspension applies to all dogs, including puppies, emotional support dogs, and dogs that traveled out of the United States and returning from high-risk countries. She cited a growing number of canine rabies cases in Haiti and Peru as a result of dog vaccination cutbacks. The CDC has previously estimated 1.06 million dogs are imported into the United States annually. The CDC estimates the import ban, which it expects to last a year, will affect about 6% of dogs imported.
Persons: Caitlin Ochs, Emily Pieracci, Pieracci, COVID, we're Organizations: REUTERS, U.S . Centers for Disease Control, Prevention, CDC, Reuters, Thomson Locations: Central, Manhattan, New York City , New York, U.S, United States, Russia, China, India, Brazil, Peru, Kenya, El Salvador, Guatemala, Belarus, Afghanistan, Saudi Arabia, Pakistan, Jordan, Ecuador, Cuba, Malaysia, Indonesia, Nigeria, Haiti
Fugitive Chilean colonel arrested in Argentina on human rights violations
  + stars: | 2021-06-13 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
Human rights activists with images of people who went missing during the dictatorship of Augusto Pinochet, attend a march and protest ahead of the anniversary of the country's 1973 military coup on September 11, in Santiago, Chile September 9, 2018. REUTERS/Ivan AlvaradoPolice in Argentina arrested a retired Chilean army colonel in Buenos Aires on Saturday after he fled neighboring Chile, where he was convicted of human rights violations committed during the dictatorship of Augusto Pinochet, Chilean authorities and local media reported. "Walter Klug Rivera was apprehended outside the ... hotel where he was staying, which he intended to leave in the next few hours in order to continue evading justice," Chile's police said on Twitter. More than 3,000 people died or disappeared in political violence during Pinochet's military regime from 1973 to 1990. The secret service and the army also tortured and drove into exile thousands of dissidents and leftists, truth commissions and police investigations have shown.
Persons: Augusto Pinochet, Ivan Alvarado, Walter Klug Rivera, Pinochet, Salvador Allende, Julián Ercolini Organizations: REUTERS, Ivan Alvarado Police, Chilean, Twitter, Thomson Locations: Santiago , Chile, Argentina, Chilean, Buenos Aires, Chile, Argentine
BIS official casts doubt on El Salvador bitcoin 'experiment'
  + stars: | 2021-06-11 | by ( ) www.reuters.com sentiment -0.63   time to read: 1 min
Representations of cryptocurrency Bitcoin are seen in this picture illustration taken June 7, 2021. REUTERS/Edgar SuEl Salvador's decision to make bitcoin legal tender is an "interesting experiment" with a speculative asset that does not pass the test of being a means of payment, a senior global central banking official said on Friday. "El Salvador, that is an interesting experiment indeed," said Benoit Coeure, head of the innovation hub at the Bank for International Settlements. "We have been clear at the BIS that we don't see bitcoin as having passed the test of being a means of payments. Bitcoin is a speculative asset and should be regulated at such," Coeure said at the launch of a regulatory research hub with the Bank of England.
Persons: Edgar Su El, El, Benoit Coeure, Coeure Organizations: REUTERS, Bank for International, BIS, Bank of England, Thomson Locations: El Salvador
LatinXcellence: Kase Peña is making a legacy of authenticity
  + stars: | 2021-06-11 | by ( Sandra Gonzalez | ) edition.cnn.com + 0.00   time to read: +7 min
I don't know if you know New York, but Inwood is at northern tip of Manhattan. Peña keen eye and singular tone are an increasingly hot commodity in an industry clamoring for distinct voices. Carmen Carrera, Stephanie Beatriz of "Brooklyn Nine-Nine" fame and YaYa Gosselin star in one installment about a Latinx trans woman. That people from a hundred years from now will know Kase Peña. Latinx actor/actress I think will a huge star one day: "Carmen Carrera, who just starred in my film 'Trans Los Angeles.'
Persons: Kase Peña, I'm, she's, Peña, they're, She's, Carmen Carrera, Stephanie Beatriz, YaYa Gosselin, somebody's who's, Kase, HBO Max Organizations: CNN, Yankee, City College of New, HBO, Hollywood Locations: Bronx, it's, Manhattan, Dominican Republic, Inwood, New York, South Bronx, Los Angeles, City College of New York, El Salvador
El Salvador President Nayib Bukele speaks during a news conference in San Salvador, El Salvador, June 6, 2021. Far from the media spotlight and with few resources, he publicized his work on social media. In San Salvador, he gained prominence for his social and cultural focus and for donating his salary to scholarships. DECISIVEBukele joined forces with the right-wing Gran Alianza por la Unidad Nacional (GANA) in his campaign for the presidency, which was driven by social media. "He uses the press and social media to threaten, intimidate and persecute people who could be adversaries," said Jose Miguel Vivanco, Americas director for Human Rights Watch.
Persons: Nayib Bukele, Jose Cabezas, Bukele, bitcoin, Biden, Marti, Jose Miguel Vivanco, Salvadorans, Eduardo Samayoa Organizations: El Salvador, REUTERS, El, Monetary Fund, Twitter, Salvadoran, Liberation Front, Gran Alianza por la Unidad Nacional, Spanish, El Pais, Human Rights Watch, Thomson Locations: San Salvador , El Salvador, American, El Salvador, Nuevo Cuscatlan, San Salvador ., San Salvador, Americas
Bitcoin banners are seen outside of a small restaurant at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021. REUTERS/Jose CabezasEl Salvador may be touting bitcoin's use to help its citizens living abroad send funds back home, but the biggest remittance firms are cautious about offering cryptocurrency services. But despite the possible long-term risk to their business if such moves escalate, only a few of the traditional remittance companies who send the bulk of cross-border transfers are dabbling. Yet bitcoin offers, in theory, a quick and cheap way to send money across borders without relying on traditional remittance channels. Increasing regulatory costs related to efforts to combat money laundering and terrorism financing are another burden for traditional remittance firms.
Persons: Jose Cabezas El, Nayib Bukele, Kenneth Suchoski, isn't, there's, bitcoin, MoneyGram, hadn't, Wise, Ray Youssef, Bitcoin, Suchoski Organizations: REUTERS, Wednesday, Western Union, Autonomous Research, MoneyGram, Coinme, Reuters, Ria, Bank, United Nations Sustainable Development, Thomson Locations: El, Chiltiupan, El Salvador, Jose Cabezas El Salvador, U.S, Western Union, Africa, Nigeria
When asked by NBC News' Lester Holt if she was going to visit the border, Harris replied, “This whole thing about the border, we’ve been to the border. Still smarting from the U.S. failure to defeat the Chinese-backed Communist forces in Vietnam, Reagan decided El Salvador was the place to finally stop communism in its tracks. (A popular 1980s sticker reading “El Salvador is Spanish for Vietnam” painted an accurate picture of the U.S. policy in the region.) If Harris went in looking for “root causes,” she missed the elephant in the room by not looking in the mirror. At the end of her three-day visit, reporters asked Harris how she felt about her trip.
Persons: Kamala Harris, brusquely, hadn’t, Harris, Joe Biden’s, Melania Trump, ” Harris, Alejandro Giammattei, , , Biden, Alexandria Ocasio, vADyh5H0bw, ” Ocasio, Cortez, Lester Holt, we’ve, We’ve, Holt, hadn't, Ronald Reagan, Reagan, El Salvador, El, Vietnam ”, Marti, Salvadorans, , Harris —, U.S . Senate —, Donald Trump, Still, Giammattei Organizations: United States, Central, Guatemalan, Northern, Rep, Twitter, NBC News, United Press International’s, Salvadoran, Communist, Marti National Liberation Army, U.S . Senate, USAID Locations: Guatemala, Mexico, United States, United, Europe, Alexandria, Cortez, Latin America, Salvador, U.S, El Salvador —, United Press International’s Salvador, Central America, Nicaragua, El Salvador, Vietnam, Spanish, Salvadoran, Honduras, Washington
“It’s a problem Facebook has known about for many years.”Facebook spokesman Andy Stone said that the company prohibits "content that offers to provide or facilitate human smuggling. He added that Facebook permits content related to seeking asylum and that it had consulted with the United Nations on its content policies around human smuggling. The policies draw on the U.N. definition of human smuggling as “the procurement or facilitation of illegal entry into a state across international borders” that doesn’t necessarily involve coercion or force. Since 2015, researchers and journalists have regularly identified pages dedicated to human smuggling on Facebook. Deported and pennilessAt his computer, Pastor Banda pointed to another Facebook group in which migrants appear to be negotiating with coyotes.
Persons: Gustavo Banda, they’ve, , , gesturing, ” Katie Paul, Andy Stone, El Coyote Lopez ”, Nilda Garcia, Garcia, cobro de piso, ” Garcia, , Facebook —, TikTok, Facebook’s Stone, Gabriella Sanchez, Biden, Kamala Harris, Jen Psaki, Paul, Stone, ” Sanchez, Pastor Banda, He’s, ” Banda Organizations: Facebook, Tech, Capitol, NBC News, United Nations, NBC, U.S ., FBI’s National Gang Intelligence, Criminal Networks, Twitter, YouTube, Islamic, ISIS, , The, of State, White, Trump, Border Protection, Customs Locations: United States, Tijuana , Mexico, America, Mexican, , McAllen , Texas, Houston, Nicaragua, Agua, Sonora, Sinaloa, Sonora and Arizona, Mexico, Spanish, Los Angeles, Guatemala, El Salvador, Honduras, Brazil, U.S, Central America, Salvador, Texas, Honduran, Belize, Banda, California, Baja California, U.S.A
Here’s what the move means for bitcoin as a mainstream currency - and emerging markets such as El Salvador:WHAT DOES THE LAW SAY? El Salvador’s law means bitcoin will have equal footing with the dollar, which became its official currency 20 years ago. Making bitcoin “legal tender” means shops and businesses must accept it for goods and services, and they can choose to express prices in the currency. Analysts say it is too soon to tell whether El Salvador’s move would start a wider trend of bitcoin adoption. El Salvador’s experiment will provide the first opportunity for analysts to gauge the cryptocurrency impact on an economy.
Persons: Nayib Bukele, El Salvador, El Salvador’s, Tom Wilson, Karin Strohecker, Chizu Nomiyama Organizations: El Locations: Salvador, El Salvador
Bank regulators plan 'conservative' capital rule for bitcoin
  + stars: | 2021-06-10 | by ( Huw Jones | ) www.reuters.com + 0.00   time to read: +4 min
Bitcoin and other cryptocurrencies are currently worth around $1.6 trillion globally, which is still tiny compared with bank holdings of loans, derivatives and other major assets. Basel’s rules require banks to assign “risk weightings” to different types of assets on their books, with these totted up to determine overall capital requirements. For cryptoassets, Basel is proposing two broad groups. Under Basel rules, a 1,250% risk weight translates into banks having to hold capital at least equal in value to their exposures to bitcoin or other group 2 cryptoassets. Basel said that given the rapidly evolving nature of cryptoassets, a further public consultation on capital requirements is likely before final rules are published.
Persons: Banks, Jose Cabezas, Facebook’s, Diem stablecoin, Goldman Sachs, Basel Organizations: El, REUTERS, Banking Supervision, prudential, Basel, HSBC Locations: Punta Roca, La Libertad, El Salvador, China, United States, Swiss, Basel, Central
Bank regulators plot toughest capital rule for bitcoin
  + stars: | 2021-06-10 | by ( Huw Jones | Tom Wilson | ) www.reuters.com + 0.00   time to read: +4 min
Bitcoin and other cryptocurrencies are currently worth around $1.6 trillion globally, which is still tiny compared with bank holdings of loans, derivatives and other major assets. For cryptoassets, Basel is proposing two broad groups. Under Basel rules, a 1,250% risk weight translates into banks having to hold capital at least equal in value to their exposures to bitcoin or other group 2 cryptoassets. The value of bitcoin has swung wildly, hitting a record high of around $64,895 in mid-April, before slumping to around $36,834 on Thursday. Basel said that given the rapidly evolving nature of cryptoassets, a further public consultation on capital requirements is likely before final rules are published.
Persons: Banks, Jose Cabezas, Facebook’s, Diem stablecoin, Joseph Edwards, ” Edwards, Bitcoin, Goldman Sachs, Basel Organizations: El, REUTERS, Banking Supervision, prudential, Basel, Securities, HSBC Locations: Punta Roca, La Libertad, El Salvador, China, United States, Swiss, Basel, Europe, Central
Digital Currency Asset Manager Hires Its First CMO
  + stars: | 2021-06-10 | by ( Nat Ives | ) www.wsj.com + 0.00   time to read: +4 min
Grayscale Investments LLC, a digital currency asset manager, has named Deborah Bussière as its first chief marketing officer. Previously, Ms. Bussière was global chief marketing officer at Broadridge Financial Solutions Inc., a financial-technology provider of investing, governance and communications tools. She had earlier been a marketing consultant to startups including Grayscale and chief marketing officer for the Americas at Ernst & Young. PREVIEWMs. Bussière said she intended to help Grayscale educate investors about digital currency as it continues to quickly evolve. “Certainly if you go to talk to your Great Aunt Edna about her perception of digital currencies, that’s a whole different vantage point…Grayscale has a huge opportunity to own that narrative.”Other players in digital currencies are confronting the same issues.
Persons: Deborah Bussière, Bussière, , Michael Sonnenshein, Elon Musk, Musk, , ” Deborah Bussière, DEBORAH BUSSIERE, Ms, you’re, Edna, “ We’ve, ’ ”, Andrew Tam, Tam, ” Mati Greenspan, Nat Ives Organizations: Broadridge, Solutions Inc, Americas, Ernst & Young, El, Investments, Quantum Economics, nat.ives Locations: Miami, El Salvador, who’s
The cryptocurrency was trading at $37,176.44 at around 11:42 p.m. On Wednesday, lawmakers in the Central American country passed a law that made bitcoin legal tender. Among other things, it means prices can now be shown in bitcoin and tax contributions can be paid with the digital currency. Bitcoin proponents, who have long seen the digital coin as a viable alternative to fiat currencies, welcomed El Salvador's moves. The country has struck a partnership with digital wallet company Strike, to build the country's modern financial infrastructure using bitcoin technology.
Persons: El Salvador's Organizations: Central American Locations: bitcoin
Hong Kong (CNN Business) Bitcoin's value shot up after El Salvador became the world's first country to accept it as legal tender. As of 3:30 a.m. The law states that "all economic agents shall accept bitcoin as a form of payment when it is offered by the purchaser of a good or service." It also says that tax payments can now be made in bitcoin. The move delivers another win for cryptocurrency bulls as digital coins become more widely accepted around the world.
Persons: El Salvador, CoinDesk, XBT, Nayib Bukele Organizations: CNN, El Locations: Hong Kong, bitcoin
An employee at a Bitcoin support office explains how to make a transaction to a woman at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021. read moreHere's what the move means for bitcoin as a mainstream currency - and emerging markets such as El Salvador:WHAT DOES THE LAW SAY? El Salvador's law means bitcoin will have equal footing with the dollar, which became its official currency 20 years ago. El Salvador said the bitcoin-dollar exchange rate will be set by markets. Analysts say it is too soon to tell whether El Salvador's move would start a wider trend of bitcoin adoption.
Persons: Jose Cabezas El, Nayib Bukele, El Salvador, El Salvador's Organizations: REUTERS, El, Thomson Locations: El, Chiltiupan, El Salvador, Jose Cabezas El Salvador
Total: 25