Wealthy

El Salvador Shifts Focus to Wealthy Investors with New Bitcoin Law Amidst Power Consolidation

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San Salvador, El Salvador — In a significant policy shift three years after adopting Bitcoin as legal tender, El Salvador has introduced a new law targeting high-net-worth and institutional investors. The recent developments reflect an effort to reshape the cryptocurrency landscape in the country, allowing only a select group of investors to access digital asset services. The Legislative Assembly’s newly enacted Investment Banking Law enables licensed financial institutions with a minimum capital of $50 million to offer services related to Bitcoin and other digital assets. However, entry into this market will be limited strictly to … Read more

Vermont’s Land Posting Laws Spark Debate Amidst Growing Concerns of State Becoming Wealthy Enclave

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Weston, VT — In the picturesque state of Vermont, a debate over land posting laws has sparked discussions among residents, reflecting broader concerns about property rights and the changing demographic landscape due to affluent out-of-state buyers. The existing laws, which govern how landowners can restrict access to their properties, are seen by some as necessary to maintain longstanding traditions in Vermont where open land has been a hallmark. Land posting in Vermont, according to a local resident Dan Diaz of Weston, should be viewed as more than a legal requirement; it’s a community-building tool. He … Read more

Trump Lawyer Considers Seeking $464m Bond Money from Wealthy Overseas Donors, Including Russians and Saudis

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New York City – Donald Trump, the former president of the United States, is facing a Monday deadline to pay a $464 million bond in a New York fraud judgment against him. In a panicky fundraising memo to his supporters entitled “Keep your filthy hands off Trump Tower!”, Trump expressed his concerns about the potential seizure of his properties in New York, including the iconic Trump Tower, by the “insane radical Democrat” Attorney General Letitia James. Trump’s lawyers have notified an appeals court that they have been unable to raise the money to cover the … Read more