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Nalezeno "BTC El Salvador": 46

El Salvador Moves Bitcoin for Safety Purposes: Is a Selloff Coming?


The Bitcoin Office of El Salvador reported that these movements would be an answer to quantum computing developments, which have the potential to break bitcoin’s encryption. Nonetheless, analysts believe that this might be a preparation for a possible sale. El Salvador to Move Bitcoin to Face...

New Investment Bank Law in El Salvador Opens Doors to Bitcoin Products


The new Investment Bank Law will allow so-called “sophisticated investors” to take advantage of innovative opportunities, which may include bitcoin or crypto-based products issued to seek funding, thereby opening the doors to a more dynamic crypto ecosystem in El Salvador. Investment...

Yes, Bitcoin Adoption Reached 70% in El Salvador, but There’s a Catch


According to figures compiled by Cornell University, El Salvador boasts one of the highest bitcoin ownership rates in the world, reaching over 70% at one point. Nonetheless, while these numbers may be accurate, the circumstances behind them need to be understood. Bitcoin Ownership in El Salvador...

One-Two: IMF Reiterates That El Salvador Is Just Shuffling Bitcoin


At a recent press briefing, the IMF reiterated that the number of bitcoins accumulated in the wallets of El Salvador had not changed and that the increases in the country’s bitcoin reserve fund were due to token shuffling across multiple addresses. IMF Denies El Salvador’s Alleged Bitcoin Purchases...

IMF Bombshell Footnote Solves El Salvador’s Bitcoin Accumulation Mystery


The IMF has finally referred to the current status of the accumulation of bitcoin by the government of El Salvador in its latest compliance report, stating that the government had been consolidating its bitcoin stash from several addresses into one. El Salvador Bitcoin Accumulation Mystery...

Pakistan Establishes Ties With El Salvador, With Bitcoin Front and Center


The government of the Islamic Republic of Pakistan established diplomatic ties with the Republic of El Salvador in a recent meeting, discussing an information-sharing agreement on bitcoin. The two countries are currently seeking to embrace the cryptocurrency while under IMF restrictions. Bitcoin...

IMF-El Salvador Deal Bitcoin Compliance Goals Broken: Chivo Wallet Involved


The latest report issued by the IMF on the compliance of El Salvador’s actions with the guidelines established in the $1.4 billion credit facility deal approved in February revealed that Chivo Wallet led the nation to miss the bitcoin non-accumulation quotas. Bitcoin Non-Accumulation Compliance...

Latam Insights: Strategy Rises in Brazil; El Salvador Continues to Buy Bitcoin


Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Oranje rises as Latam’s Strategy’s copycat, El Salvador will continue to buy bitcoin despite the IMF’s deal, and Brazil cracks down on a $290 million...

El Salvador Committed to Buying Bitcoin Despite IMF Deal, Minister Says


El Salvador is quietly defying the IMF, accelerating daily bitcoin buys and reinforcing its bold crypto strategy on the global stage. El Salvador Keeps Buying Bitcoin Daily Despite IMF Loan Conditions El Salvador’s commitment to bitcoin remains steadfast despite pledges made to the International...

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