El Salvador's national assembly is considering a draft bill to regulate digital securities, indicating the country is going ahead with plans to issue bitcoin-backed bonds. JAN3 founder and CEO Samson Mow discusses the current state of President Bukele's bitcoin experiment. Plus, his outlook on bitcoin as the FTX saga continues to unfold.
September marks the one year anniversary of El Salvador recognizing bitcoin (BTC) as legal tender. LSE Public Policy Fellow Frank Muci discusses the outcomes of El Salvador’s bitcoin experiment. Plus, more insight on President Bukele’s plans to seek reelection as the country’s debt rating is downgraded by Fitch.
El Salvador is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption, according to rating agency Fitch. Meanwhile, President Bukele announced that he will seek re-election, according to a Reuters report.
The Citizen Lab at the University of Toronto’s Munk School has published a research paper investigating the Pegasus spyware hacking of media and civil society in El Salvador. Senior Researcher John Scott-Railton shares insights into the key findings.