Home Bitcoin El Salvador Proposes Establishing a Second Bitcoin Embassy in Texas to Bolster Economic Activity

El Salvador Proposes Establishing a Second Bitcoin Embassy in Texas to Bolster Economic Activity

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El Salvador Proposes Establishing a Second Bitcoin Embassy in Texas to Bolster Economic Activity

On February 14, 2023, Milena Mayorga, El Salvador’s Ambassador to the United States, stated that her country is contemplating the launch of a second Bitcoin embassy in the Lone Star State. Mayorga indicated that the purpose is to strengthen commercial and financial exchange projects.

Ambassador Milena Mayorga Seeks to Further Bolster Relationship between El Salvador and Texas

This week, Milena Mayorga?, Salvadoran Ambassador to the USA, spoke out about her recent meeting with Texas Secretary This is State Joe Esparza. Mayorga declared that state officials had been discussing the opening of a second Bitcoin embassy. She noted that conversations had already taken place with authorities Lugano, SwitzerlandThese are just a few examples of similar plans for bitcoin embassy.

“The state of Texas, our new ally”, Mayorga tweeted. “In my meeting with the Texas Undersecretary of Government, Joe Esparza… We talked about the opening of the second [bitcoin] embassy, ​​and the expansion of commercial projects and economic exchange”.

The Salvadoran government approved the Digital Assets Issuance Law In El Salvador In January 2023, and a current mission declaration on the financial systems of El Salvador By the International Monetary Fund (IMF). The IMF concluded that El Salvador had managed to avoid any cryptocurrency-related risks as a result of sluggish and lukewarm adoption of bitcoin within the nation. This feedback is a crucial part of Salvadoran President Nayib Bukele’s growth plans and the combat against disinformation in the media.

El Salvador’s Finance Minister Alejandro Zelaya To Twitter To refute claims made by some national and international media, Twittering: “El Salvador has fulfilled its debt obligations. We announce that today we have completed the payment of the 2023 Bond for $800 million, plus interest”.

The Salvadoran ambassador, MayorgaIdentified in her Personal Twitter Thread that the Texas Secretary This is State, Joe Esparza, had expressed a creative and forward-looking relationship between El Salvador Texas In 2022, the two entities had exchanged $1,244,636,983 to facilitate financial and business exchange.

Tags on this story

alejandro zelaya, bitcoin adoption, bitcoin embassy, ​​blockchain know-how, business exchange, cross-border transactions, crypto regulation, cryptocurrency, overseas change dangers, debt obligations, decentralized finance, digital property, digital asset issuance legislation, disinformation, financial change, financial initiatives, El Salvador, monetary Sector, Authorities Officers, IMF Mission Assertion International Monetary Fund, Joe Esparza, Latin America, Lugano, Media, Milena Mayorga, Nayib BukelePeer-to-peer transactions are a slow way to adopt. Switzerland, Texas

Is it possible to open a second bitcoin embassy. Texas Further strengthening the relationship between El Salvador And the Lone Star State?, which will increase cryptocurrency adoption in the area? Share Your ideas are welcome in the feedback section below.

jamie redmann

Jamie Redman Where does the information lead? Bitcoin.com News And a fintech journalist who lives in Florida. Redman Since 2011, has been an active participant in the cryptocurrency group. He is obsessed with BitcoinDecentralized functions, open supply code, Since September 2015, Redman Has written more than 6,000 articles. Bitcoin.com News Immediately emerging disruptive protocols


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