The recent enactment of the Law of Issuance of Digital Assets gives a new impetus to this policy, which turns a deaf ear to the criticism of the non-transparent management of cryptoassets, whose fall in value has already caused an estimated loss of US$ 100 million to the Salvadoran coffers.

Even with the bankruptcy of the largest Bitcoin miner, Core Scientific, the bankruptcy declaration of FTX, unfavorable numbers in the country and criticism from economists, the president of El Salvador, Nayib Bukele, continues to demonstrate blind confidence in cryptocurrency.

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Bukele's government continues to bet on bitcoin despite a bleak outlook

The recent enactment of the Law of Issuance of Digital Assets gives a new impetus to this policy, which turns a deaf ear to the criticism of the non-transparent management of cryptoassets, whose fall in value has already caused an estimated loss of US$ 100 million to the Salvadoran coffers.

MORE ANALYSIS

M360 and CLTD centered on regional digital debate

CNT Ecuador turns profitable, accelerates growth in 5G and fiber

Ronald Spina is General Manager of the National Telecommunications Corporation (Corporación Nacional de Telecomunicaciones, CNT). He said the state-owned Ecuadorian operator’s turnaround was achieved while improving its EBITDA margin and accelerating the rollout of FTTH and 5G.

CABA frames AI within public policy for management and economic development

Telefónica’s two sides: growth in core markets, Latin America sales weigh on profit

GSMA M360 Latam and CLTD kick off in Mexico

The events will bring together telecom operator CEOs and heads of regulators from across the region. The discussion will focus on the challenges the digital ecosystem is facing to succeed at a time when operators’ business models are undergoing a profound transformation.

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