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Bitcoin Law
The Bitcoin Law ( es, Ley Bitcoin, )Diario Oficial, numero 110, tomo n° 431, 9 de junio de 2021
, of El Salvador,
was passed by the on 8 June 2021, giving the cryptocurrency



El Salvador
El Salvador (; , meaning " The Saviour"), officially the Republic of El Salvador ( es, República de El Salvador), is a country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, and on the south by the Pacific Ocean. El Salvador's capital and largest city is San Salvador. The country's population in 2022 is estimated to be 6.5 million. Among the Mesoamerican nations that historically controlled the region are the Lenca (after 600 AD), the Mayans, and then the Cuzcatlecs. Archaeological monuments also suggest an early Olmec presence around the first millennium BC. In the beginning of the 16th century, the Spanish Empire conquered the Central American territory, incorporating it into the Viceroyalty of New Spain ruled from Mexico City. However the Viceroyalty of Mexico had little to no influence in the daily affairs of the isthmus, which was colonized in 1524. In 1609, the area was declared the Captaincy General of Guatemala by t ...
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La Prensa Gráfica
''La Prensa Gráfica'' commonly known as ''La Prensa'' is a daily newspaper published in El Salvador by Grupo Dutriz. ''La Prensa'' is a mainstream metropolitan newspaper, and became one of the first newspapers to print in color in Central America. History Brothers Antonio Dutriz and José Dutriz formed a commencial partnership known as Dutríz Hermanos on October 14, 1903. ''La Prensa'' was then founded by José and Antonio Dutriz, and its first issue was printed and distributed on May 10, 1915. The first issue had four standard size pages. The newspaper expanded and bought new equipment in 1916. Antonio and José Dutriz were the first directors of the newspaper. Antonio retired in 1928 due to illness and José Dutriz remained as sole owner. José Dutriz retired in 1934 and the newspaper was then directed by Manuel Andino. José Quetglas became director of the newspaper on November 5, 1939, and merged the newspapers ''La Prensa'' and ''El Gráfico'' on August 9, 1939, The c ...
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Bitcoin
Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009, when its implementation was released as open-source software. The word "''bitcoin''" was defined in a white paper published on October 31, 2008. It is a compound of the words ''bit'' and ''coin''. The legality of bitcoin varies by region. Nine countries have fully banned bitcoin use, while a further fifteen have implicitly banned it. A few governments have used bitcoin in some capacity. El Salvador has adopted Bitcoin as legal tender, although use by merchants remains low. Ukraine has accepted cryptocurrency donations to fund the resistance to the 2022 Russ ...
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Law Of El Salvador
Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of longstanding debate. It has been variously described as a science and as the art of justice. State-enforced laws can be made by a group legislature or by a single legislator, resulting in statutes; by the executive through decrees and regulations; or established by judges through precedent, usually in common law jurisdictions. Private individuals may create legally binding contracts, including arbitration agreements that adopt alternative ways of resolving disputes to standard court litigation. The creation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein. The law shapes politics, economics, history and society in various ways and serves as a mediator of relations between people. Legal systems vary between jurisdictions ...
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Economy Of El Salvador
The economy of El Salvador has experienced relatively low rates of GDP growth, in comparison to other developing countries. Rates have not risen above the low single digits in nearly two decades – part of a broader environment of macroeconomic instability which the integration of the United States dollar has done little to improve. One problem that the Salvadoran economy faces is the inequality in the distribution of income. In 2011, El Salvador had a Gini Coefficient of .485, which although similar to that of the United States, leaves 37.8% of the population below the poverty line, due to lower aggregate income. The richest 10% of the population receives approximately 15 times the income of the poorest 40%. As of 3 November 2014, the IMF reports official reserve assets to be $3.192B. Foreign currency reserves (in convertible foreign currencies) are $2.675B. Securities are $2.577B with total currency and deposits at $94.9M. Securities with other national central banks (BIS ...
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Politics Of El Salvador
Politics of El Salvador takes place in a framework of a presidential representative democratic republic, whereby the President of El Salvador is both head of state and head of government, and of an executive power is exercised by the government. Legislative power is vested in both the government and the Legislative Assembly. The Judiciary is independent of the executive and the legislature. an improvement from its previous score that put it at the top of the "hybrid regime" category. Political culture El Salvador has a multi-party system. Three political parties Nuevas Ideas (New Ideas), the Nationalist Republican Alliance (ARENA) and the Farabundo Martí National Liberation Front (FMLN) have tended to dominate elections since the end of the civil war. ARENA candidates won four consecutive presidential elections until the election of Mauricio Funes of the FMLN in March 2009. In 2014, he was followed by another FMLN president, Salvador Sánchez Cerén. The 2019 electi ...
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Venezuela
Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in the Caribbean Sea. It has a territorial extension of , and its population was estimated at 29 million in 2022. The capital and largest urban agglomeration is the city of Caracas. The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. The Venezuelan government maintains a claim against Guyana to Guayana Esequiba. Venezuela is a federal presidential republic consisting of 23 states, the Capital District and federal dependencies covering Venezuela's offshore islands. Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the n ...
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Petro (cryptocurrency)
The ''petro'' (₽), or ''petromoneda'', launched in February 2018, is a crypto token issued by the government of Venezuela. Announced in December 2017, it is supposed to be backed by the country's oil and mineral reserves, and is intended to supplement Venezuela's plummeting ''hard bolívar'' currency, as a means of circumventing U.S. sanctions and accessing international financing. On 20 August 2018, the ''sovereign bolívar'' was introduced, with the government stating it would be linked to the petro coin value. As of January, 2020, Venezuelan president Nicolás Maduro decreed it mandatory to pay with petro for government document services and airplane fuel for planes flying international flights. History Venezuelan president Nicolás Maduro announced the petro in a televised address on 3 December 2017, stating that it would be backed by Venezuela's reserves of oil, gasoline, gold, and diamonds. Maduro stated that the petro would allow Venezuela to "advance in issu ...
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Legality Of Cryptocurrency By Country Or Territory
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.Crypto's Biggest Legal Problems
''Crypto Law Review.'' Accessed 25 September 2018. While some states have ''explicitly'' allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified cryptocurrencies differently.


Detail by intergovernmental organization


Detail by country or territory


Alphabetical index to classifications

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NBC News
NBC News is the news division of the American broadcast television network NBC. The division operates under NBCUniversal Television and Streaming, a division of NBCUniversal, which is, in turn, a subsidiary of Comcast. The news division's various operations report to the president of NBC News, Noah Oppenheim. The NBCUniversal News Group also comprises MSNBC, the network's 24-hour general news channel, business and consumer news channels CNBC and CNBC World, the Spanish language Noticias Telemundo and United Kingdom–based Sky News. NBC News aired the first regularly scheduled news program in American broadcast television history on February 21, 1940. The group's broadcasts are produced and aired from 30 Rockefeller Plaza, NBCUniversal's headquarters in New York City. The division presides over America's number-one-rated newscast, ''NBC Nightly News'', the world's first of its genre morning television program, ''Today'', and the longest-running television series in American ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Government Of El Salvador
The Government of El Salvador is a presidential representative democratic republic. The seat of the central government is in San Salvador. Executive branch President of El Salvador El Salvador elects its head of state, the President of El Salvador, directly through a fixed-date general election whose winner is decided by absolute majority. If an absolute majority is not achieved by any candidate in the first round of a presidential election, then a run-off election is conducted 30 days later between the two candidates who obtained the most votes in the first round. The presidential period is five years, and re-election is permitted for another 5 years. Cabinet The executive branch of the government of El Salvador consists of the following departments, each led by a minister: *Agriculture & Livestock *Economy *Learning (Capital) *Environment & Natural Resources *Finance *Foreign Relations *Government *Sports *Labor & Social Welfare *Public Security & Justice *Public Works *T ...
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