El Salvador

Despite government incentives, researchers from the University of Chicago found that only 4.9% of all sales in El Salvador are conducted in Bitcoin.

Lots of laser eyes….but little actual legislation, at least for now.  El Salvador’s adoption of Bitcoin as legal tender this week has captured the imagination of lawmakers across Latin America. That’s no surprise considering the region, long plagued by underdevelopment and volatile politics, has struggled to enfranchise its citizens in the global financial system, with…

Ever since El Salvador’s president Nayib Bukele activated his laser eyes and made Bitcoin the nation’s legal tender this week, crypto communities have been gushing about this latest milestone. But in his bid to provide his citizens with more financial freedom, did Bukele pick the wrong token?   Stablecoins — cryptocurrencies that peg their value to…