El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange – Bitcoin News
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On Feb. 14, 2023, Milena Mayorga, the Salvadoran envoy to america, introduced that her nation is contemplating opening a second bitcoin embassy within the Lone Star State. Mayorga stated that Texas is “our new ally” and the objective is to develop “commercial and economic exchange projects.”
Ambassador Milena Mayorga Fosters Rising Relationship Between El Salvador and Texas
This week, Milena Mayorga, the Salvadoran envoy to the U.S., mentioned her current assembly with Texas Secretary of State Joe Esparza. Mayorga acknowledged that authorities officers have been contemplating the potential of opening a second bitcoin embassy within the state. She famous that discussions had already taken place with authorities from Lugano, Switzerland a couple of comparable bitcoin embassy idea.
“The state of Texas, our new ally,” Mayorga tweeted. “In my meeting with the deputy secretary of the Government of Texas, Joe Esparza … We discussed the opening of the second [bitcoin] embassy, and the expansion of commercial and economic exchange projects.”
The Salvadoran envoy’s proposal comes after El Salvador’s approval of the Digital Property Issuance Regulation in January 2023 and a current mission assertion on El Salvador’s financial system by the Worldwide Financial Fund (IMF). The IMF famous that El Salvador had managed to keep away from cryptocurrency-related dangers as a result of sluggish and tepid adoption of bitcoin within the nation. This growth additionally follows feedback by Salvadoran President Nayib Bukele relating to disinformation within the media.
El Salvador’s finance minister, Alejandro Zelaya, took to Twitter to refute claims made by some nationwide and worldwide media, tweeting: “El Salvador has met its debt obligations. We announce that on this day we have completed the payment of the 2023 Bond for $800 million, plus interest.”
The Salvadoran envoy, Mayorga, famous in her personal Twitter thread that Texas Secretary of State Joe Esparza had expressed a constructive view of the connection between El Salvador and Texas by way of industrial and financial alternate, with the 2 entities having exchanged $1,244,636,983 in 2022.
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alejandro zelaya, Bitcoin adoption, Bitcoin Embassy, blockchain expertise, industrial alternate, cross border transactions, Crypto regulation, Cryptocurrency, forex dangers, debt obligations, decentralized finance, Digital Property, digital belongings issuance legislation, disinformation, financial alternate, financial tasks, El Salvador, monetary sector, authorities officers, IMF mission assertion, Worldwide Financial Fund, Joe Esparza, Latin America, Lugano, Media, Milena Mayorga, Nayib Bukele, peer-to-peer transactions, sluggish adoption, Switzerland, Texas
Will the potential opening of a second bitcoin embassy in Texas additional strengthen the connection between El Salvador and the Lone Star state, and probably increase the adoption of cryptocurrencies within the area? Share your ideas within the feedback beneath.
Jamie Redman
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