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El Salvadors Bitcoin Experiment: An Economic Gamble > 자유게시판

El Salvadors Bitcoin Experiment: An Economic Gamble

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작성자 Rod 작성일 24-12-19 10:48 조회 6회 댓글 0건

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The Biden Administration and various international institutions have accused Bukele of seizing authoritarian levels of control over El Salvador and this bitcoin experiment is merely the next step in this control grab. El Salvador’s bitcoin fiasco was announced at Bitcoin Miami 2021 by President Nayib Bukele. Tether was deeply involved in this as well, and even wrote enabling laws for the government to invest public money into crypto.
After completion of the application, the file will be reviewed by the CNAD for assessment. The crypto project will also be asked to pay an application fee of 5,475 USD. In the meantime, Bitcoin has seen a slight decrease of 0.7% in the past 24 hours and a 5.1% rise over the last week. El Salvador has adopted the U.S. dollar as its official currency, so it faces challenges in trading with Russia.
Cryptocurrencies have also become a favorite of hackers who use them for ransomware activities. Despite these risks, cryptocurrencies have seen a significant price leap, with the total market capitalization rising to about $2.4 trillion. Despite the asset's speculative nature, some have created substantial fortunes by taking on the risk of investing in early-stage cryptocurrencies.
BetChain.com is a Bitcoin casino that offers a wide variety of casino games such as slots, table games, and live dealer games. According to the President Nayib Bukele, the adoption of bitcoin would help the economy and Salvadorians living abroad, send remittances back home without paying high transaction fees. December 2021 brought a step forward in regulating web-based activities as The Ministry of Finance presented a law to the Legislative Assembly. With this law, the National Lottery would be granted the right to both supervise and manage sports betting and online casino games all over the country.
At a protest days before, uniformed police officers took photos of protesters, stoking fear in a country that suffered government repression during the 12-year civil war that ended in 1992. Workers at nearby businesses — a dollar store, a bakery and a chicken restaurant — said they were not yet accepting bitcoin but were planning to do so soon. Bukele has enjoyed popularity ratings in the 80s and 90s, some of the highest in the region, even through the coronavirus pandemic. By 9 a.m., hundreds of people gathered at the Salvador del Mundo monument to protest in one of the largest actions against a Bukele policy since he took office in June 2019. "It may have been the financial promotion with the single biggest audience reach in history," Randell said. Salvadoran Finance Minister Alejandro Zelaya said he expects 2.5 million citizens to download the wallet.
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