El Salvador’s First Capital Raise on Liquid-BTC is now live on BFXSecurities.
Takeaway Points
- El Salvador’s First Capital Raise on Liquid-BTC is now live on BFXSecurities.
- On May 12, the Bitcoin office announced in a post on X that El Salvador has launched its own mempool space so that people can check out their Bitcoin treasury holdings.
- Statista said that El Salvador has ranked as the third safest country within the Latin American homicide rate context.
El Salvador Liquid (BTC)
The Bitcoin Office, an official government entity of El Salvador under President Nayb Bukele, announced on Tuesday that the country’s first capital raise in El Salvador on Liquid-BTC is now live on BFXSecurities.
“The first capital raise in El Salvador on @Liquid_BTC is now live on @BFXSecurities And so begins a new era of capital markets for El Salvador. It is a small, exciting start to many big things to come for us, so stay tuned.” The Bitcoin Office said
According to the Bitcoin Office, the first of its kind airport hotel project will not only provide much needed lodging for the increasing numbers of tourists visiting El Salvador, but it will also create about 6,000 jobs, direct and indirect, for Salvadorans.
El Salvador’s Mempool Space
On May 12, 2024, the Bitcoin office announced in a post on X that El Salvador has launched its own mempool space so that people can check out their Bitcoin treasury holdings.
“El Salvador now has its own @mempool space where anyone can check out our #bitcoin treasury holdings,” the Bitcoin Office said.
About El Salvador
El Salvador, also known as the Republic of El Salvador, is a country in Central America. Its capital and largest city is San Salvador, and by 2023, the country’s population was estimated to be 6.5 million. The current president of the country is Naybib Bukele.
El Salvador adopted bitcoin as a legal tender on June 9, 2021, and became the first country in the world to adopt bitcoin as a legal tender. According to Reuters, it was made after Congress on Wednesday approved President Nayib Bukele’s proposal to embrace the cryptocurrency, a move that delighted the currency’s supporters. With 62 out of 84 possible votes, lawmakers voted in favor of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvador’s program with the International Monetary Fund.
Last month, President Nayib asked the Attorney General to investigate every single official in the executive branch of his government. He also banned gender ideology in public schools. The president posted on X on 12 about the reduction of crime since his government in 2019.
“There was a 70% drop in 2023…However, since the approval of the Exception Regime, there has been a 86% drop, and since we entered the government in 2019, the drop has reached 95%. We project a 97% drop for 2024,” Nayib said.
El Salvador: Homicide Rate 2014–2023 by the Statista Research Department
On May 10, 2024, Statista reported that in 2023, there were approximately 2.4 homicides per 100,000 inhabitants in El Salvador. Since 2015, when it stood at 103, the murder rate has been dropping annually in this Central American country, and the region has witnessed a substantial reduction in the number of homicides since 2015. Statista said that El Salvador has ranked as the third safest country within the Latin American homicide rate context.
