El Salvador

El Salvador offers to house violent US criminals and deportees of any nationality in unprecedented deal

El Salvador has agreed to house violent US criminals and receive deportees of any nationality, US Secretary of State Marco Rubio announced Monday, in an unprecedented – and legally problematic…

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Magnitude 5.6 quake hits El Salvador

A magnitude 5.6 earthquake struck some 9 km (6 miles) south-west of La Union in El Salvador, the Euro-Mediterranean Seismological Centre (EMSC) said late on Sunday. Salvadoran civil protection authorities…

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Salvador’s Bukele declares victory in presidential poll

By Nelson Renteria and Sarah Kinosian SAN SALVADOR, (Reuters) - President Nayib Bukele on Sunday declared himself winner of El Salvador's national elections in a landslide, claiming he captured more…

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Short on cash, El Salvador doubles down on Bitcoin dream

By Sarah Kinosian and Nelson Renteria BERLIN, El Salvador (Reuters) - James and Nicki Malcolm moved to El Salvador from New Zealand to be part of a bitcoin dream sold…

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El Salvador offers citizenship to foreign bitcoin investors

By Gerardo Arbaiza SAN SALVADOR, (Reuters) - El Salvador's Congress has approved a migration law granting expedited citizenship to foreigners who make bitcoin "donations" to government social and economic development…

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El Salvador arrests more than 100 Colombians in financial scheme

By Nelson Renteria SAN SALVADOR, (Reuters) - Salvadoran police arrested more than a hundred Colombians for their alleged involvement in operating a microfinancing scheme that laundered money from drug running…

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A year on, El Salvador’s bitcoin experiment is stumbling

CONCHAGUA, El Salvador, (Reuters) - A year after El Salvador adopted bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built - a…

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El Salvador plans first ‘Bitcoin City’, backed by bitcoin bonds

El Salvador plans to build the world's first "Bitcoin City", funded initially by bitcoin-backed bonds, President Nayib Bukele said in the weekend, doubling down on his bet to harness the…

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One month on, El Salvador’s bitcoin use grows but headaches persist

A growing number of El Salvadorans have experimented with bitcoin since the country became the first to adopt it as legal tender last month, with a couple of million dollars…

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El Salvador buys 150 more bitcoins, president says

El Salvador has bought 150 more bitcoins, President Nayib Bukele announced, taking the Central American country's holdings of the volatile cryptocurrency to 700 coins. "We just bought dip," Bukele tweeted…

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A glimpse under the hood of El Salvador’s bitcoin experiment

El Salvador on Tuesday rolled out cryptocurrency bitcoin as legal tender, an unprecedented move that faced some technical hiccups on its first day and left many wondering how it will…

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El Salvador’s world-first adoption of bitcoin endures bumpy first day

El Salvador's historic adoption of bitcoin as legal tender on Tuesday was beset by teething problems, as an angry protest by mistrustful citizens, technological glitches and a dip in the…

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El Salvador leads world in adopting bitcoin as official currency

El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars sent from abroad but which…

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HSBC initiates legal proceedings against El Salvador claiming breach of treaty with UK

HSBC Holdings said the banking group has initiated legal proceedings against El Salvador for what the company called a breach of the nation's investment treaty with the UK. "HSBC Latin…

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El Salvador ‘House of Horrors’ killings shock nation numbed to violence

Neighbours knew something was wrong in that squat green house when a young woman's screams pierced the quiet of their neighbourhood in Chalchuapa, a small town about 80 kilometers (50…

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Bitcoin to become legal tender in El Salvador on September 7

El Salvador's President Nayib Bukele said in a national address that a recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will…

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World Bank rejects El Salvador request for help on bitcoin implementation

The World Bank said it could not assist El Salvador's bitcoin implementation given environmental and transparency drawbacks. "We are committed to helping El Salvador in numerous ways including for currency…

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IMF sees legal, economic issues with El Salvador’s bitcoin move

The International Monetary Fund said it has economic and legal concerns regarding the move by El Salvador to make bitcoin a parallel legal tender, further clouding the outlook for an…

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El Salvador president says will discuss bitcoin law with IMF

El Salvador's President Nayib Bukele will discuss the country's new bitcoin law and other issues in a meeting with the International Monetary Fund (IMF) on Thursday, he said in an…

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UPDATED: El Salvador approves law allowing bitcoin as legal tender

El Salvador has become the first country in the world to formally adopt bitcoin as legal tender after Congress approved President Nayib Bukele's proposal to embrace the cryptocurrency. With 62…

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El Salvador’s Bukele poised for majority in mid-term votes

SAN SALVADOR (Reuters) - Salvadorans went to the polls on Sunday to vote in legislative and municipal elections that could give a broad victory to President Nayib Bukele’s party, consolidating…

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Ex-president of El Salvador ordered to return $4.4 million in stolen funds

A civil court in El Salvador on Tuesday found former President Elias Antonio Saca and his wife Ana Mixco guilty of “illicit enrichment” and ordered them to return $4.4 million…

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Tropical storm Amanda batters El Salvador

Tropical storm Amanda made landfall in El Salvador on Sunday, dumping heavy rain and unleashing floods that left at least 10 people dead. ''We are facing a critical situation,'' El…

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El Salvador authorises use of lethal force against gang members

El Salvador President, Nayib Bukele, has authorized the use of lethal force by the police and army against gang members he says are taking advantage of the coronavirus pandemic, after…

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Heavily armed police and soldiers enter El Salvador parliament

Heavily armed police and soldiers in El Salvador have forced their way into parliament, demanding the approval of a $109m loan to better equip them. They entered the building as…

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El Salvador expels Venezuelan diplomats, recognizes Juan Guaido

Salvadoran President Nayib Bukele has expelled Venezuela’s diplomatic corps, giving them two days to leave the country. El Salvador announced late Saturday that Venezuelan diplomats serving under embattled President Nicolas…

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