El Salvador
Right to Truth Day
On 24th March annually, the International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims is observed. Overview: This day is observed to pay tribute to Monsignor Óscar Arnulfo Romero. He ..
Month: Current Affairs - March, 2022
Category: Important Days & Events Current Affairs
Dubai Virtual Assets Regulation Law
Dubai has introduced crypto asset regulation, joining the ranks of Singapore, the United States, the United Kingdom, El Salvador, and other countries that have enacted cryptocurrency laws. The Virtual Asset Regulation Law has been passed by Dubai to regulate this ..
Month: Current Affairs - March, 2022
Category: International / World Current Affairs • Legal & Constitution Current Affairs
IMF on El-Salvador Bitcoin legal tender
The International Monetary Fund recently asked El Salvador to remove the legal status of bitcoin. What happened? In September 2021, El Salvador became the first country to allow its consumers to use cypto currencies. Fear arose all over the country ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
India-El Salvador: Third Foreign Office Consultations held
India and El Salvador held their Third Foreign Office Consultations in San Salvador on September 17, 2021. Highlights Indian side was led by Secretary (East), Riva Ganguly Das while and El Salvadoran side was led by Vice Minister of Foreign ..
Month: Current Affairs - September, 2021
Cuba to recognise and regulate cryptocurrencies
On August 26, 2021 Government of Cuba announced to recognize and regulate cryptocurrencies for payment in the Island nation. Highlights This decision was taken following the popularity of cryptocurrencies increased among a technologically savvy group in Cuba as it became ..
Month: Current Affairs - August, 2021
El Salvador: First country to formally adopt bitcoin as legal tender
El Salvador has become the first country to formally adopt bitcoin as legal tender. Proposal to legalise cryptocurrency was put forward by President Nayib Bukele which was later approved by Congress. Highlights Even though there were concern regarding potential impact of legalising ..
Month: Current Affairs - June, 2021
Nayib Bukele sworn-in as new president of El Salvador
Conservative businessman Nayib Bukele has been sworn-in as the new President of El Salvador. His presidency breaks three decades of bipartisanship between the conservative Nationalist Republican Alliance (ARENA) and the outgoing Farabundo Marti National Liberation Front (FMLN). Hence, Bukele is ..
Trump cuts assistance to Honduras, El Salvador and Gautemala
The so called northern triangle countries Honduras, El Salvador and Gautemala will no more receieve assistance from the United States. The President said as the countries have done nothing to the US, their funds are being cut. These countries also ..