El Salvador

Cryptocurrency

El Salvador makes Bitcoin legal tender

El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference. The digital currency, originally created to be money out of the control of governments, can be used in any transaction

International

Money alone can’t fix Central America – or stop migration to US

Children play in Las Flores village, Comitancillo, Guatemala, home of a 22-year-old migrant murdered in January 2021 on his journey through Mexico. Johan Ordonez/AFP via Getty Images Luis Guillermo Solis, Florida International University To stem migration from Central America, the Biden administration has a US$4 billion plan to “build security and prosperity” in Honduras, Guatemala

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