What's Hot

    First Citizens to Buy Silicon Valley Bank

    March 27, 2023

    Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

    March 27, 2023

    Africa Moving to Crypto as Alternative to US Dollar

    March 27, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    The Bull's GazetteThe Bull's Gazette
    Members Area
    • News
      1. Markets
      2. Policy & Economy
      3. Business
      4. Tech
      Featured

      First Citizens to Buy Silicon Valley Bank

      News March 27, 2023
      Recent

      First Citizens to Buy Silicon Valley Bank

      March 27, 2023

      Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

      March 27, 2023

      Africa Moving to Crypto as Alternative to US Dollar

      March 27, 2023
    • Features
      • Opinion
    • Research
      • Publications
      • Market Analysis
      • Contribute
    • Finance & Crypto Guides
    • Consultation
    • Membership
    • Store
    The Bull's GazetteThe Bull's Gazette
    Home»News»El Salvador Plans to Open Bitcoin Embassy in the US
    News

    El Salvador Plans to Open Bitcoin Embassy in the US

    Anietie DavidBy Anietie DavidFebruary 15, 2023Updated:February 15, 2023No Comments2 Mins Read
    El Salvador Plans to Open Bitcoin Embassy in the US
    Share
    Facebook Twitter LinkedIn Pinterest Email

    El Salvador wishes to open a bitcoin embassy in “new ally” Texas to aid “expansion of commercial and economic exchange projects.”

    El Salvador is in talks to open a “bitcoin embassy” in Texas, its ambassador to the United States Milena Mayorga said on Tuesday. Mayorga said on Twitter that the Central American country wants to open a Bitcoin embassy in its “new ally” Texas. After meeting with the state’s Secretary of State, Joe Esparza, Mayorga said the embassy would help “expand commercial and economic exchange programs.”

    El estado de Texas, nuestro nuevo aliado.

    En mi encuentro con el Secretario Adjunto del Gobierno de Texas, Joe Esparza @TXsecofstate, abordamos la apertura de la segunda Embajada #Bitcoin y de ampliar los proyectos de intercambios comerciales y económicos. 🇺🇸🤝🇸🇻 pic.twitter.com/NcmOjeadl6

    — Milena Mayorga (@MilenaMayorga) February 14, 2023

    The news comes as Texas lawmakers are reportedly considering a new bill calling for a master plan for blockchain industry expansion. The legislative initiative aims to make Texas the cryptocurrency capital of the country by introducing tax-free Bitcoin shopping, among other things. Texas has emerged as one of the most crypto-friendly states in the US, passing crypto-friendly laws aimed at making business laws more aligned with blockchain innovation and digital asset regulations. Texas is also home to some of North America’s largest bitcoin miners, with major mining companies such as Riot Blockchain, Core Scientific, and Genesis Digital Assets operating in the state.

    El Salvador Taking Further Steps to Bitcoin Adoption

    The latest bitcoin initiative comes months after El Salvador opened its first bitcoin embassy in the southern Swiss city of Lugano in October 2022. As part of the effort, the two cryptocurrency-friendly jurisdictions have made efforts to set up a physical government agency to facilitate collaboration in Bitcoin-related education and research institutions in Switzerland.

    According to former Blockstream Chief Strategy Officer Samson Mow, the Bitcoin Embassy phenomenon is the next step in the adoption of Bitcoin by nation-states and cities. Such initiatives, he said, imply cooperation between countries to develop new initiatives, such as B. creating alliances between places where bitcoin is accepted.

    El Salvador became the first country to adopt Bitcoin (BTC) as legal tender in 2021 and recently passed legislation that will facilitate the issuance of Bitcoin-backed bonds.

    Bitcoin Blockchain El Salvador
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleVitalik Buterin Donates $227k to Help Earthquake Victims
    Next Article FLOKI Surges Over 40% After Elon Musk’s Tweet
    Anietie David

    Anietie has worked in the blockchain industry for three years, gaining experience in blockchain technology, cryptocurrencies, DeFi, and NFTs. As a seasoned content writer, he is passionate about creating effective content strategies for blockchain brands. In addition to content writing, he also has a strong interest in front-end development. When he's not working, he spends his time reading horror novels or playing CODM.

    Related Posts

    First Citizens to Buy Silicon Valley Bank

    March 27, 2023

    Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

    March 27, 2023

    Africa Moving to Crypto as Alternative to US Dollar

    March 27, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    New Crypto Mining Bill in Russia Mandates Earnings Reports

    March 10, 2023

    India Pushes Anti-money Laundering Regulation for Crypto Transactions

    March 8, 2023

    Zambia Explore Crypto Regulatory Framework 

    February 20, 2023

    Our best content, straight to your inbox.

    Disclaimer

    Capital at risk. Content on this website does not constitute financial advice. Please do your due diligence before making any investment.

    Company
    Company

    At the forefront of news and analysis for emerging markets, business, crypto and tech - TBG is redefining financial information through resources for next-generation economics.

    Facebook Twitter Instagram LinkedIn TikTok Discord
    Links
    • About
    • Contribute
    • Advertise
    • Careers
    • Membership
    • Investor Relations
    • Frequently Asked Questions

    TBG Newsletter

    © 2023 The Bull's Gazette.
    • Terms and Privacy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.