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

Millicom consolidates regional expansion in record second quarter

Liberty Latin America consolidated profitability in the second quarter

The group reported OIBDA growth, a solid improvement in free cash flow and operational progress driven by broadband and postpaid mobile services. LLA ended June with 6,759,800 mobile subscribers and 3,883,500 fixed revenue-generating units (RGUs).

Claro’s strategy to consolidate its leadership in Brazil’s broadband market

The acquisition of regional operator Desktop will allow the company to expand its presence in the state of São Paulo, the main stronghold of its competitor Telefónica, which has already withdrawn from most of the Latin American market.

Big Tech burns free cash flow on AI investments

The combined spending by Amazon, Microsoft, Google and Meta exceeded the cash generated by their core operations by US$100 billion. A situation that is worsening.

Automation in Personal’s mobile access network: initial impacts on site acceptance, balancing and diagnostics

Convergencia identified how AI is being applied in five areas: 2G, 3G, 4G and 5G integration; mobile site acceptance; RAN Sharing; refarming and overlay; and vendor license management.

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