Morgan Stanley is willing to buy El Salvador bonds despite poor performance
El Salvador’s $7.7 billion Eurobonds is performing poorly despite having better numbers than countries in a similar position.
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El Salvador’s $7.7 billion Eurobonds is performing poorly despite having better numbers than countries in a similar position.
Oluwapelumi Adejumo 2 min read
The Sri Lankan government remains anti-crypto and the central bank issued a new notice on the matter to warn citizens.
Crypto originated as an response of the 2008 global financial crisis and its bailouts, but after more than a decade of success things seem to have come full circle
The initiative appears to be a response to re-developing the capital's Soyapango district, which has a reputation for gang violence.
Recent volatility has cast further doubt on the Bitcoin experiment, but El Salvador's risk exposure remain low.
Industry experts told CryptoSlate there is "no sign of a bottom yet" but crypto winter could be as short as a few weeks.
El Salvador has collected over 2,300 Bitcoins since 2021. Even though the county lost more than $50 million with the recent crash, it's finance minister says the risk is extremely minimal.
Crypto market remained stable following the US Federal Reserve's decision to raise interest rates will be raised by 75 basis points.
A Crypto.com survey of 3,000 people and 150 institutional investors showed that the road towards a cashless society will inevitably lead to digital currencies.
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