El Salvador to Open a Bitcoin Embassy in the US
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Milena Mayorga, El Salvador's ambassador to the United States, has just announced in a meeting with Texas Undersecretary of State Joe Esparza the country intends to open a second Bitcoin embassy.

According to her, the parties have also discussed the expansion of trade and economic exchange projects.

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El Salvador's first Bitcoin embassy was opened in the Swiss city of Lugano in October last year.

The authorities of El Salvador recognized Bitcoin as a legal means of payment in September 2021. Shortly thereafter, the International Monetary Fund (IMF) criticized the decision and recommended depriving the crypto of this status.

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In July last year, the country's Finance Minister Alejandro Zelaya said the introduction of BTC has expanded access to financial services to a largely unbanked population, attracted tourists and investment.

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