El Salvador Views Bitcoin as a Tool to Liberate the Nation From Fiat Currencies

Quick Summary:

Felix Ulloa, Vice-President of El Salvador, stated that the government has considered de-dollarizing the country and returning to its national currency, the colon.

However, he said that it would be too costly.

For Ulloa, bitcoin presents an opportunity to liberate the country from central banks and fiat currency.

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Article Details

Author / Journalist: Sergio Goschenko

Category: Crypto

Markets: JapanEl Salvador

Topics: U.S. dollar News Crypto Cryptocurrency Felix Ulloa Fiat currencies Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-14 @ 23:36:49 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 21256913

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 14 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 10 hours ago

Coverage Areas: Japan

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Publication Timezone: GMT +8:00

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Publisher ID: #62

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