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Author Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻  (Read 52537 times)
Cossyblack
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August 21, 2025, 07:53:12 AM
Last edit: August 21, 2025, 08:03:29 AM by Cossyblack
Merited by JayJuanGee (1)
 #3461

BITCOIN ADOPTION:
El Salvador is number one



El Salvador is currently leading as the country with the highest numbers of Bitcoin adoption globally. El Salvador has been doing a lot encouraging citizens to own Bitcoin in the country.They have been deliberately giving out free $20 worth of Bitcoin to citizens that downloaded chivo as a way of accelerating Bitcoin adoption and also by integrating Bitcoin curriculum in public schools to teach Bitcoin education to pupils and adults citizens in the country.

R


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August 21, 2025, 11:44:02 AM
 #3462

BITCOIN ADOPTION:
El Salvador is number one

El Salvador is currently leading as the country with the highest numbers of Bitcoin adoption globally. El Salvador has been doing a lot encouraging citizens to own Bitcoin in the country.They have been deliberately giving out free $20 worth of Bitcoin to citizens that downloaded chivo as a way of accelerating Bitcoin adoption and also by integrating Bitcoin curriculum in public schools to teach Bitcoin education to pupils and adults citizens in the country.

Somehow this statistics is not surprising knowing that El Salvador is the first country that make Bitcoin as their legal tender. That airdrop happened before is very big step they made to introduce Bitcoin to their citizens and it makes them aware that Bitcoin exist and can be a good alternative with their fiat used in their country.

Plus now they add Bitcoin education on their curriculum so there's really a big chance that Bitcoin usage and numbers of people have it grows more in their country.

For sure there would be more and El Salvador will always be on top regarding on this matter.

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August 21, 2025, 12:49:50 PM
 #3463

BITCOIN ADOPTION:
El Salvador is number one



El Salvador is currently leading as the country with the highest numbers of Bitcoin adoption globally. El Salvador has been doing a lot encouraging citizens to own Bitcoin in the country.They have been deliberately giving out free $20 worth of Bitcoin to citizens that downloaded chivo as a way of accelerating Bitcoin adoption and also by integrating Bitcoin curriculum in public schools to teach Bitcoin education to pupils and adults citizens in the country.
In as much as appreciate El Salvador's bitcoin domination and adoption, I also feel that the statistics they dish out, if properly verified is a way less than what is being published. If I may ask, did the El Salvador government continue to share the $30 worth of bitcoin after the initial campaign when the newly made BTC a legal tender. Are they still distributing the bitcoin till date.

Do you remember the questionnaire that circulated then, that more than 80% of the citizens rather sold their bitcoin than save it. What I am saying in essence is that the 28% in Japan is more organic than the 88% in El Salvador. To become a bitcoin is a personal conviction when one is in search of liberty or profits. The government can only through the crusade but not many will be converted fully.

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August 21, 2025, 01:20:33 PM
 #3464


El Sal will keep on appearing in such news, but the catch is, eventually, IMF will catch up to them too, just like it does every time a small country does something interesting with BTC or loans from it..

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August 21, 2025, 05:47:12 PM
 #3465

BITCOIN ADOPTION:
El Salvador is number one

El Salvador is currently leading as the country with the highest numbers of Bitcoin adoption globally. El Salvador has been doing a lot encouraging citizens to own Bitcoin in the country.They have been deliberately giving out free $20 worth of Bitcoin to citizens that downloaded chivo as a way of accelerating Bitcoin adoption and also by integrating Bitcoin curriculum in public schools to teach Bitcoin education to pupils and adults citizens in the country.

Something is wrong with those China/Hong Kong numbers.  They are likely currently unknown, yet they don't go from 20% at some point being involved to 0% currently.

El Sal will keep on appearing in such news, but the catch is, eventually, IMF will catch up to them too, just like it does every time a small country does something interesting with BTC or loans from it..

What is going to happen then?  

IMF is going to cut El Salvador off from being able to borrow?  

What else will happen presumptively to El Salvador when IMF catches up to El Salvador?

The contract probably says what could happen, such as El Salvador being in breach of the terms of the loan, and the loan is immediately recallable. or penalties or no future issuance...   But, will any of those things happen?  or will there just continue to be public fights or just narrative differences?

1) Self-Custody is a right.  Resist being labelled as: "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 21, 2025, 07:07:38 PM
 #3466

El Sal will keep on appearing in such news, but the catch is, eventually, IMF will catch up to them too, just like it does every time a small country does something interesting with BTC or loans from it..

What is going to happen then?  

IMF is going to cut El Salvador off from being able to borrow?  

What else will happen presumptively to El Salvador when IMF catches up to El Salvador?

The contract probably says what could happen, such as El Salvador being in breach of the terms of the loan, and the loan is immediately recallable. or penalties or no future issuance...   But, will any of those things happen?  or will there just continue to be public fights or just narrative differences?
Honestly, the El Salvador and IMF story is more complicated than people make it out to be. I think the last time I read an article on reuter it stated that El Salvador is still on its $1.4 billion, 40-month Extended Fund Facility, and the first reviews show they have  hit most of the targets. The IMF has already released some of the funds, so financially they’re still supported, even with all the tension around Bitcoin purchases

Technically, the IMF could pause future disbursements or apply penalties if El Salvador breaks the rules, like buying more Bitcoin than allowed or not being transparent. But for now, it looks like both sides are just being careful. I’d expect more news, debates, and public arguments, but a full cutoff hmmm I dont really think that might be happening anytime soon. But the bottom line is El Salvador is still in the game, the IMF is watching closely, but there’s no nuclear option yet
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August 21, 2025, 09:38:11 PM
 #3467




https://x.com/bitcoinofficesv/status/1958609962059313407?s=19

This is thrilling, El Salvador newly appointed Minister of Education Karla trigueros was seen attending the graduation of 350 students who just graduated as Bitcoin diplomas in El Salvador. She took the honour of signing autographs to celebrate the over joyous students who has just been awarded Diploma in Bitcoin studies.

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August 21, 2025, 11:50:25 PM
Merited by Bluedrem (2)
 #3468

El Sal will keep on appearing in such news, but the catch is, eventually, IMF will catch up to them too, just like it does every time a small country does something interesting with BTC or loans from it..

El Salvador's President Nayib Bukele does not care about the IMF's ban, because the IMF, the lending institution, had banned Bitcoin in the past. But in no way could the President of El Salvador stop him from buying Bitcoin, but rather, one by one, he is educating his country's people about Bitcoin in a more advanced way. I saw this week that he has created a school for seven-year-old boys and girls to teach manners and politeness, where Bitcoin will also be taught.

Nayib Bukele has made all kinds of arrangements for everyone to receive Bitcoin education from the very beginning to the high level of adulthood. In that place, if the IMF, the lending institution, bans Bitcoin education or Bitcoin holding, Nayib Bukele does not care about that ban, he has succeeded today by holding Bitcoin after facing various challenges.

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August 22, 2025, 02:26:28 AM
 #3469

El Salvador’s Bitcoin Holdings Reach 6,275 Under President Bukele’s Strategic Reserve Plan.



El Salvador has achieved a new milestone in its cryptocurrency strategy, reaching 6,275 bitcoins in its strategic reserve. This accomplishment follows the daily acquisition of bitcoin by the Bukele administration since 2022, reinforcing the country’s commitment to adopting digital assets as part of its national treasury.
Over the past seven days, the government purchased additional bitcoins at a discount due to a temporary dip in the cryptocurrency’s value to $113,000 per BTC, further strengthening the nation’s reserves. According to President Nayib Bukele, El Salvador has invested over $300 million in bitcoin purchases, leaving unrealized gains exceeding $400 million, as none of the acquired coins have been sold. The total reserve currently has a dollar value of $709.2 million.
El Salvador has now become the sixth country in the world with the largest bitcoin holdings, trailing only the United States, China, the United Kingdom, Ukraine, and Bhutan, according to investment firm Bitbo. Unlike most of these countries, which primarily accumulated bitcoin through corporate seizures, El Salvador remains the global leader in state-led purchases of the cryptocurrency.

https://elsalvadorinenglish.com/2025/08/21/el-salvadors-bitcoin-holdings-reach-6275-under-president-bukeles-strategic-reserve-plan/

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August 22, 2025, 09:56:59 AM
Merited by Powerjumboo (2)
 #3470

CULTURE: 🇸🇻 This morning, Minister of Education participated in the graduation ceremony of the Bitcoin Diploma in San Salvador. 🙌

350 female students completed their training in bitcoin.
Bitcoin Diploma graduate


The Minister of Education attended the Bitcoin graduation ceremony and 350 students completed training on Bitcoin. More and more positive for the country of El Salvador, these students will definitely give good advice to more students about Bitcoin. As a result, the country of El Salvador will be able to reach greater heights of development, because the more students are educated about Bitcoin and everyone from trained children to adults will be able to be taught about Bitcoin by unique people. In this way, the country of El Salvador is able to reach greater heights of development.

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August 22, 2025, 01:15:36 PM
 #3471

El Sal will keep on appearing in such news, but the catch is, eventually, IMF will catch up to them too, just like it does every time a small country does something interesting with BTC or loans from it..

El Salvador's President Nayib Bukele does not care about the IMF's ban, because the IMF, the lending institution, had banned Bitcoin in the past. But in no way could the President of El Salvador stop him from buying Bitcoin, but rather, one by one, he is educating his country's people about Bitcoin in a more advanced way. I saw this week that he has created a school for seven-year-old boys and girls to teach manners and politeness, where Bitcoin will also be taught.

Nayib Bukele has made all kinds of arrangements for everyone to receive Bitcoin education from the very beginning to the high level of adulthood. In that place, if the IMF, the lending institution, bans Bitcoin education or Bitcoin holding, Nayib Bukele does not care about that ban, he has succeeded today by holding Bitcoin after facing various challenges.


Didn't heard about news that IMF banned Bitcoin before, but what they actively done is to discourage or issue warnings to those countries trying to invest or engage with Bitcoins.

But when it comes on EL Salvador also with some other countries they totally failed to insert those agenda's that they want to happen. Since El Salvador didn't care about the warnings and continue to buy Bitcoin consistently up till now. There are so many bad propaganda's release before against El Salvador but they didn't shake out the administration of Nayib Bukele and they continue to invest despite of those big challenges they faced.

Now we could see that EL Salvador is so bullish with Bitcoin and continue to gain lots of benefits from the adoption they made.

R


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Nathrixxx
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August 22, 2025, 08:46:53 PM
 #3472

What is going to happen then?  

IMF is going to cut El Salvador off from being able to borrow?  

What else will happen presumptively to El Salvador when IMF catches up to El Salvador?

The contract probably says what could happen, such as El Salvador being in breach of the terms of the loan, and the loan is immediately recallable. or penalties or no future issuance...   But, will any of those things happen?  or will there just continue to be public fights or just narrative differences?

El-Salvador is the one giving them say, because they keep going back to IMF in taking loan, I just wish they stop this soon, because that alone derailed them to an extent and IMF will always have something to say over or against them.

I understand how they can also be planning on how to achieve some targets before backing off from taking loans from IMF, but it's something they also have e to consider on every consequence that might come after taking loan from them, I never see anyone taking loan from IMF without later regretting because of the terms that may be involved as we had already with El-Salvador loan, but at the end, IMF will not have anything to do with them.
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August 22, 2025, 10:22:04 PM
 #3473

CULTURE: 🇸🇻 This morning, Minister of Education participated in the graduation ceremony of the Bitcoin Diploma in San Salvador. 🙌

350 female students completed their training in bitcoin.
Bitcoin Diploma graduate


The Minister of Education attended the Bitcoin graduation ceremony and 350 students completed training on Bitcoin. More and more positive for the country of El Salvador, these students will definitely give good advice to more students about Bitcoin. As a result, the country of El Salvador will be able to reach greater heights of development, because the more students are educated about Bitcoin and everyone from trained children to adults will be able to be taught about Bitcoin by unique people. In this way, the country of El Salvador is able to reach greater heights of development.

The way the government of El Salvador is moving forward with its country, it can be assumed that El Salvador will one day reach its destination. No country has shown such a commitment to move forward with Bitcoin, in my opinion, I see El Salvador moving forward like this. However, let El Salvador move forward and let other countries follow them, if this continues, Bitcoin will definitely make a better position and increase in popularity.

Finally, I would like to express my sincere congratulations and best wishes to these 360 female students who have completed their diploma training in Bitcoin. Go ahead, I hope you all will be appreciated in El Salvador by publishing some good things about Bitcoin.

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August 22, 2025, 10:34:23 PM
Merited by bitcoin_mining (2), JayJuanGee (1)
 #3474

El Salvador Steps In to Help Bolivia Draft Crypto Rules

The Central Bank of Bolivia (BCB) has signed an agreement with El Salvador’s National Commission for Digital Assets (CNAD), through which it will convey its experience and knowledge, aiding Bolivia’s efforts to create a regulatory framework for digital assets.
The memorandum of understanding will facilitate cooperation between the two institutions, promoting the exchange of technical and regulatory expertise, including blockchain intelligence tools, risk analysis, and other relevant areas.
It has taken effect immediately and will remain in practice indefinitely, solidifying the inertia of digital assets as a suitable and trustworthy alternative to fiat, especially for families and new entrepreneurs.

Information: https://cryptopotato.com/el-salvador-steps-in-to-help-bolivia-draft-crypto-rules/


El Salvador will directly help Bolivia with Bitcoin, because El Salvador is a Bitcoin-friendly country. Of course, if another country expresses interest in holding Bitcoin, it will definitely help them, because by holding Bitcoin, El Salvador has become a country of all countries, El Salvador is improving in various ways. As a result, other countries have expressed great interest, of which Bolivia is one, if El Salvador creates their design and can carry out activities according to the design, Bolivia will be successful.

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August 23, 2025, 10:12:51 AM
 #3475

Recently, El Salvador has allowed Bitcoin to be exchanged for dollars at its international airport. I think El Salvador is a country that has gone much further than most other countries in terms of Bitcoin. El Salvador is trying to take Bitcoin to a new level and maybe this goal will become possible very soon.

A new person who is afraid to invest in Bitcoin should do a little research on all these aspects. If he does a little research on all these aspects, maybe his doubts about Bitcoin will be removed.


https://cincodias.elpais.com/criptoactivos/2025-06-19/prosegur-permitira-cambiar-bitcoins-por-dolares-en-el-aeropuerto-de-el-salvador.html?utm_source=chatgpt.com
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August 23, 2025, 04:03:11 PM
 #3476

The Minister of Education attended the Bitcoin graduation ceremony and 350 students completed training on Bitcoin. More and more positive for the country of El Salvador, these students will definitely give good advice to more students about Bitcoin. As a result, the country of El Salvador will be able to reach greater heights of development, because the more students are educated about Bitcoin and everyone from trained children to adults will be able to be taught about Bitcoin by unique people. In this way, the country of El Salvador is able to reach greater heights of development.

In addition to storing Bitcoin in the state treasury, El Salvador has trained 350 female students on Bitcoin in order to familiarize the next generation with Bitcoin and make them experienced with it. This will undoubtedly make El Salvador's next era in Bitcoin interesting.

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August 23, 2025, 07:00:34 PM
 #3477

El Salvador Steps In to Help Bolivia Draft Crypto Rules
The Central Bank of Bolivia (BCB) has signed an agreement with El Salvador’s National Commission for Digital Assets (CNAD), through which it will convey its experience and knowledge, aiding Bolivia’s efforts to create a regulatory framework for digital assets.
The memorandum of understanding will facilitate cooperation between the two institutions, promoting the exchange of technical and regulatory expertise, including blockchain intelligence tools, risk analysis, and other relevant areas.
It has taken effect immediately and will remain in practice indefinitely, solidifying the inertia of digital assets as a suitable and trustworthy alternative to fiat, especially for families and new entrepreneurs.

Information: https://cryptopotato.com/el-salvador-steps-in-to-help-bolivia-draft-crypto-rules/

El Salvador will directly help Bolivia with Bitcoin, because El Salvador is a Bitcoin-friendly country. Of course, if another country expresses interest in holding Bitcoin, it will definitely help them, because by holding Bitcoin, El Salvador has become a country of all countries, El Salvador is improving in various ways. As a result, other countries have expressed great interest, of which Bolivia is one, if El Salvador creates their design and can carry out activities according to the design, Bolivia will be successful.

Yeah, Bolivia's central bank has for real signed an MOU with El Salvador's CNAD to share regulatory & technical expertise- blockchain intelligence, risk assessments and supervision of VASPs. The experience of El Salvador, which has experimented with Bitcoin, can teach something, although the IMF criticized that move & further legal adjustments were necessary. So just learn the technology & avoid the political drama Smiley. In my opinion, Bolivia should treat this as an opportunity & concentrate on clean rules, audits and education on selfcustody. if they pursue symbolism rather than good policy, then they will shoot themselves in the foot. They should focus on making it practical rather than performative.

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August 26, 2025, 08:39:45 AM
Merited by JayJuanGee (1)
 #3478

El Salvador’s Nayib Bukele Tops Global Approval Rankings With 91%
According to the latest surveys from Morning Consult Political Intelligence, WCIOM, and Gallup, El Salvador’s President Nayib Bukele currently holds the highest approval rating among world leaders, reaching an impressive 91% support.

The ranking places Bukele well ahead of his global counterparts. Russian President Vladimir Putin follows with 79%, while India’s Prime Minister Narendra Modi holds 72%. South Korea’s Lee Jae-myung (58%) and Australia’s Anthony Albanese (57%) complete the top five.

Source link: https://elsalvadorinenglish.com/2025/08/25/el-salvadors-nayib-bukele-tops-global-approval-rankings-with-91/


Although the matter is political, the fame comes to the President of El Salvador, Nayib Bukele, because he has gained so much popularity only by accepting Bitcoin, he has been able to take his country to a better level. Because a small country in Central America has risen to the top of the reputation using Bitcoin alone, governments of various countries take advice from Nayib Bukele.
Where the presidents of other large countries have received little support, I think that Nayib Bukele has received a 91% ranking only because of being a Bitcoin-friendly country.

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August 26, 2025, 10:21:35 AM
 #3479

In addition to storing Bitcoin in the state treasury, El Salvador has trained 350 female students on Bitcoin in order to familiarize the next generation with Bitcoin and make them experienced with it. This will undoubtedly make El Salvador's next era in Bitcoin interesting.

That's a good initiative, though, 350 people doesn't sound too big on a broader scale.. but it's a start, and it's probably not the only initiative Cool
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August 26, 2025, 11:28:02 AM
 #3480

In addition to storing Bitcoin in the state treasury, El Salvador has trained 350 female students on Bitcoin in order to familiarize the next generation with Bitcoin and make them experienced with it. This will undoubtedly make El Salvador's next era in Bitcoin interesting.

That's a good initiative, though, 350 people doesn't sound too big on a broader scale.. but it's a start, and it's probably not the only initiative Cool

One thing I like about this is the decision to focus more on the females, because they don't want a situation whereby bitcoin information and knowledge in El-Salvador will be one-sided, then you discover that women were not fully engaged towards the impartation of learning bitcoin.

Now you will see that these 350 females spreading across the country are going to make some significant influence in teaching others and inculcating bitcoin education to others in their own capacity, because they have also been equipped and reinforced with the necessary education on bitcoin to be able to deliver to the world at large.

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