China does not play by the rules; they do not respect the rules. They are not a democracy, but they intervene in your democracy. Six months later, already in the presidency, he celebrated an agreement with a sister nation: more than $500 million in non-reimbursable aid from Beijing for infrastructure projects that would boost his popularity.
The celebrity clientele says a lot about how far this once-sleepy village has come. El Zonte first attracted local and international surfers in the 1990s, drawn to the consistent waves and tight knit community. (The town was largely spared from lingering violence of a civil war between the military and left-leaning guerrillas that ended in 1992.) And despite El Salvador's struggling economy-the country, which is about the size of New Jersey, has one of the highest poverty rates in Latin America-
The proposed rule establishes broad principles to guide the determination of whether state-level stablecoin regulatory regimes are 'substantially similar' to the federal framework, allowing smaller issuers to remain under state supervision.
"This Hidden Central American Surf Town Is Known as 'Bitcoin Beach'-Here's How to Visit," reads a fresh Travel + Leisure headline, which might leave a strapped but itinerant surfer with Central American habits or aspirations feeling just a little more squeezed in these increasingly precious times. El Salvador's El Zonte is no secret on the international surfing circuit, but to see it featured in T+L's margins suggests something else altogether.
Under current law, bitcoin is treated as property, which means every purchase with the asset triggers a capital gains calculation, regardless of transaction size. BPI argues that this framework discourages routine payments, such as buying coffee or sending small remittances, because users must track cost basis and report minor gains and losses.