The Rumble could go to El Salvador with Tether.
El Salvador's president, Naib Bookele, encouraged Rumble CEO Chris Pawlowski to relocate his company to the country. This comes a day after Tether announced its own move.
The Salvadoran government recently relaxed its strict Bitcoin laws and is now looking for more strategic partnerships with major crypto companies.
Rumble sees El Salvador
El Salvador is one of the most crypto-friendly nations in the world, and the industry wants to set up shop there. Just yesterday, Tether announced that it would be moving there after getting a new license. Rumble CEO Chris Pawlowski reached out to the organization to discuss the El Salvador move, and Buckele issued a simple offer in response:
“You should move your headquarters here,” Buckele said.
In a few years, it would make sense for the Rumble to follow Tether to El Salvador. For one thing, Tether is a big investor in the platform, committing $775 million last month.
The two organizations are already intertwined, and such a relocation could make a lot of sense. Pavlovsky has also reposted several interesting posts about Tether activity.
Rumble may also be attracted to El Salvador because of its connection to Bitcoin. Last November, the company began to allocate its funds to Bitcoin, starting with an investment of $ 20 million. El Salvador has been a major buyer of Bitcoin since Buquelle made it a legal currency and has been supporting Bitcoinization globally.
El Salvador is trying to maintain its reputation as a global crypto center by offering such a Tether agreement and Rumble. He has finally revised the BTT law which was proposed to him by the IMF relatively a month ago. This is backwards.
The IMF has been investigating the country for years because of its policy of forcing every business to accept Bitcoin payments. After years of pressure, the United Nations convinced Buchanan to ease the policy.
“The key reason the IMF is blocking money from El Salvador is because it doesn't like bitcoin and the government admits it's adding to the national treasury,” Sam Callahan previously posted on X (formerly Twitter).
Since this agreement, El Salvador has taken few public-facing initiatives to maintain its image as a crypto protector. For example, Buckele mocked his purchase of discounted bitcoin after the US government announced a $6.7 billion sale a few days ago. El Salvador could benefit greatly from the Rumble after it charms the Tether business.
However, such a big deal takes more than a tongue-in-cheek offer on social media. A commercial relationship with Tether could bring Rumble closer to El Salvador, but relocating it entirely is an entirely complicated process.
In any case, the country wants to attract capital from the global crypto space, and Bukele is actively looking for partnerships.
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