El Salvador to Open a ‘Bitcoin Embassy’ in the United States

El Salvador's ambassador to the United States, Milena Mayorga, announced the opening of a second bitcoin embassy in a meeting with Texas Undersecretary of Government Joe Esparza.

She wrote that the two sides also discussed expanding trade and economic exchange projects.

The first bitcoin embassy opened in the Swiss city of Lugano in October 2022.

In September 2021, authorities in El Salvador recognized bitcoin as a legal means of payment. The IMF criticized the decision and recommended depriving the cryptocurrency of this status.

In July 2022, the country's Finance Minister Alejandro Zelaya said that the introduction of digital gold expanded access to financial services to a largely unbanked population, attracting tourists and investment.

Rate the article

Previous postUK Authorities Clamp Down on Illegal Crypto ATMs
Next postBank of Japan to Start CBDC Pilot in April

If you have a question, leave your contact, and we will get back to you

banner image
banner image
banner image

Share


Simplify Your Crypto Journey

Want to store, send, accept, stake, or trade cryptocurrencies? With Cryptomus it's all possible — sign up and manage your cryptocurrency funds with our handy tools.

banner image
banner image
banner image

Share

comments

0

Cookies and fingerprint settings

We use cookies and browser fingerprint to personalize content and advertising, provide social media features, and analyze our traffic. We also share information about your use of our website with our social media, advertising, and analytics partners, who may combine it with other information. By continuing to use the site, you consent to the use of cookies and browser fingerprint.

We use cookies and browser fingerprint to personalize content and advertising, provide social media features, and analyze our traffic. We also share information about your use of our website with our social media, advertising, and analytics partners, who may combine it with other information. By continuing to use the site, you consent to the use of cookies and browser fingerprint.