El Salvador’s president, Nayib Bukele, who was a driving force behind the country’s adoption of Bitcoin , stated that residents will be able to convert their cryptocurrency to fiat currency as soon as Bitcoin is recognized as legal tender.Bukele stated 4.5 million individuals in El Salvador would have the option of HODLing their Bitcoin or “withdraw it in cash at any of the 200 ATMs” once the country formally adopted the cryptocurrency as legal tender.
Tether has generated at least 2.3 billion USDT since August 1, bringing the token’s market cap to $65 billion, according to a Tether spokesman.
PayPal is expanding its cryptocurrency service to the United Kingdom, allowing clients to purchase, sell, and store four different cryptocurrencies on the PayPal network.
Upbit, a cryptocurrency exchange, was the first to register with South Korea’s Financial Intelligence Unit before the September deadline, according to the FIU website.