Yugocean El Salvador

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Bitcoin nation El Salvador will tax 30% on foreign funds

22 May 2025 1 minute read 2 comments Yugocean

     El Salvador has imposed a 30% tax on foreign donations to NGOs. NGOs around the world are spreading chaos by smuggling funds. Bukele has taken steps to control this problem.      I even think that El Salvador's NGOs also get funds from the IMF,...

IMF wants El Salvador to stop acquiring BTC

5 Mar 2025 1 minute read 0 comments Yugocean

     The well-known IMF vs Bitcoin battle is playing out on El Salvador soil, let’s get the cake:   El Salvador and IMF debate over BTC      El Salvador is the first country in the world to adopt Bitcoin as a legal tender (since September 2021). The...

Tether moves headquarters to El Salvador

15 Jan 2025 1 minute read 6 comments Yugocean

     Tether is all set to move its headquarters to El Salvador. This is a strange decision, because... ok, let's dive into it.   Strange Headquarter Choice of Tether      Tether's current headquarters is located in the British Virgin Islands. This a...

El Salvador is planning to expend international Bitcoin agreement

13 Dec 2024 1 minute read 3 comments Yugocean

       We know that El Salvador and Argentina signed a mutual agreement to help both countries strengthen their digital asset industry. But that was just bilateral, while the ambitions of El Salvador are bigger.   Expending to Over 25 Countries      ...

A Small Step of Nayib Bukele, a Giant Leap of El Salvador's Bitcoin Economy

5 Dec 2023 1 minute read 1 comment Yugocean

     El Salvador, which became a Bitcoin economy under the leadership of Nayib Bukele, is now showing its economic strength to the world with Bitcoin bulls. Bukele winning the bull race      The crypto world was bleeding due to the bear attack two...

First Geothermal Powered Bitcoin Mining Lava Pool launched in El Salvador

5 Oct 2023 1 minute read 6 comments Yugocean

     There are government efforts to mine Bitcoin through geothermal energy in El Salvador, and now the mining industry has also joined in with Lava Pool. What is lava pool?      The "Lava Pool" is a Bitcoin mining pool, the first mining pool in th...

El Salvador Bonds Climb the Global Market

17 Aug 2023 1 minute read 3 comments Yugocean

     El Salvador's USD bonds have gained 70% this year, making them the best performers in emerging markets. Due to this, the bitcoin economy is shining in the economic world. Business Interest in BTC Increased      Economic gains in El Salvador ha...

Binance Exits Germany and Enters El Salvador as the first crypto Exchange

10 Aug 2023 1 minute read 5 comments Yugocean

     Binance is the largest crypto exchange in the world. El Salvador is the first country in the world to legalize bitcoin. Now both starts a new chapter. Exit Germany Enter El Salvador.      Binance war regularly denied licence in Germany to oper...

US court dismisses human rights abuse case against Bitcoin country El Salvador

23 Jul 2023 1 minute read 14 comments Yugocean

The hatred of a section of the population against the crypto world is such that El Salvador was sued in a New York court on the pretext of crimes against humanity just after it made Bitcoin legal tender. Recently, the court dismissed that case. Hum...

World's Largest Bitcoin Mining Farm in El Salvador

6 Jun 2023 1 minute read 3 comments Yugocean

     The nation that supports the bitcoin sector the most is El Salvador. Under the capable direction of Nayib Bukele, the largest bitcoin mining farm in the world will be constructed in El Salvador. Big Investment      The project to mine bitcoin...