Felix Ulloa, Vice-President of El Salvador, defended the strategic reserve program and the “one bitcoin a day” purchase schedule proposed by President Bukele. In recent statements, Ulloa highlighted the relevance of bitcoin as a reserve asset for El Salvador’s future.
When asked about the persistence of the national bitcoin purchasing program, Ulloa declared:
“ Bitcoin is not a stock; it’s not traded on the stock market, its value doesn’t fluctuate, and it’s not for speculation. We understand bitcoin as a strategic state reserve.”
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Prospera, a Honduran city founded to become a self-governing territory within the nation, faces uncertainty following President Nasry Asfura’s victory.
Prospera was allowed to exist as Honduras was under the leadership of former president Juan Orlando Hernández, convicted on drug trafficking crimes and recently pardoned by President Donald Trump. The framework that enabled Prospera, the Zone for Employment and Economic Development (ZEDE) law, came under fire from the previous government, with the Honduran Supreme Court declaring it unconstitutional by majority vote.
The law allowed these zones to exist and to act autonomously, with their own political, judicial, economic, and administrative systems, while still subject to the Honduran government.
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Argentina is adapting its regulatory framework to allow previously undeclared funds to enter the financial system through crypto and other investments.
The Argentine Securities and Exchange Commission (CNV) issued new rules to adapt its procedures to the recently approved Fiscal Innocence Law, which stopped the previous tax regime, simplified the treatment of tax evaders, and suspended legal actions against them.
The institution declared:
“Years of currency controls, high inflation, and a stifling tax system generated widespread structural informality. Under that system, tax evasion was presumed; now, the starting point is once again good faith.”
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What is El Salvador’s stance on bitcoin purchases amid market fluctuations?
El Salvador, through Vice-President Felix Ulloa, defends its strategy of purchasing one bitcoin a day as part of its reserve asset program, emphasizing its non-speculative nature.What challenges does Prospera face in Honduras?
Prospera confronts uncertainty following a government change, as the Honduran Supreme Court ruled the framework allowing its autonomy unconstitutional, threatening its future.How is Argentina facilitating investment from undeclared funds?
Argentina has introduced new regulations to allow previously undeclared funds, termed “mattress money,” to be invested in crypto and other assets following the Fiscal Innocence Law.
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