Morgan Stanley has expressed readiness to buy El Salvador bonds despite it being one of the worst performers this year, Bloomberg News reported. According to the report, El Salvador’s $7.7 billion Eurobonds are performing poorly despite having better numbers than countries in a similar position. Simon Waever, a top executive at the bank, reportedly wrote…
Legislators in the United States appear bent on limiting the impact of El Salvador’s Bitcoin adoption on the country’s financial system. Yesterday, a US Senate Committee passed the “Accountability for Cryptocurrency in El Salvador (ACES) Act” Bill. Though the bill is still up for a vote by the full Senate, indications have emerged that El…
The citizens of El Salvador took to the streets to protest the adoption of the country’s new Bitcoin law on Friday. According to a report from Euronews, hundreds of demonstrators marched through the capital San Salvador to express their concerns about using a cryptocurrency as a legal tender. Protestors were seen holding up signs saying…