El Salvador is becoming a major player in the crypto market thanks to its pro-cryptocurrency policies.
El Salvador, a country dominated just 10 years ago by crime and mafias, has undergone a radical change. It has gone from being one of the most dangerous countries in America to being one of the safest. It has gone from exporting cheap labor to attracting qualified labor. And it has gone from being a country with serious economic difficulties to attracting some of the most cutting-edge companies in the crypto market.
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Don't get me wrong, I'm not exactly a fan of Nayib Bukele for many reasons that I won't bore you with, but I have to say that I have to give him credit. I may not share his merits, but he has achieved his goals. And El Salvador still has a long way to go to be the Switzerland of the Crypto market, but it's on the right track. The latest company to enter its market has been none other than Tether.
If the Trump administration and the EU do not get their act together, they will see the new financial market opening its way to their doors.
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