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Market
Will El Salvador introduce new regulations for stablecoins by mid-2025?
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Tether•USDT•British Virgin Islands•El Salvador•Central American•Digital Asset Service Provider•DASP•Bitcoin•Paolo Ardoino
Resolution / Starting Odds
Yes • 50%
No • 50%
Official government publications or announcements from El Salvador's regulatory bodies
Story
Tether Moves $137 Billion USDT Headquarters from British Virgin Islands to El Salvador
Jan 13, 2025, 03:45 PM
Tether, the issuer of the stablecoin USDT with a $137 billion market cap, has announced plans to relocate its headquarters and subsidiaries from the British Virgin Islands to El Salvador, a Central American nation. This decision follows the acquisition of a Digital Asset Service Provider (DASP) license in the country. The move aligns with El Salvador's efforts to become a hub for digital assets and technology innovation, having made Bitcoin legal tender in 2021. Tether's CEO, Paolo Ardoino, stated that the relocation to El Salvador is a natural progression for the company, aiming to foster collaboration and strengthen its focus on emerging markets. El Salvador's favorable regulatory environment and its growing Bitcoin-savvy community, along with its commitment to financial freedom, were cited as key factors in the decision.
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Similar markets
No • 50%
Yes • 50%
Bitcoin no longer legal tender • 25%
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Taxation issues • 25%
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Cross-border transactions • 25%
Compliance with local laws • 25%
Other • 25%
Increased regulation • 25%
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Mandatory acceptance • 25%
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Yes • 50%
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