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El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
New Mining Legislation in El Salvador Paves Way for Gold Exploitation
26.12.2024
On Monday, the Legislative Assembly of El Salvador approved a new metallic mining law, opening the door for gold exploitation in the country. The change, previously hinted at by President Nayib Bukele, was met with criticism from environmental activists, who believe this will negatively affect...
El Salvador’s Bitcoin Buying Spree Continues on Christmas Day—IMF Left Watching
26.12.2024
El Salvador, the smallest and most densely populated country in Central America, keeps piling on the bitcoins, adding another coin to its treasure on Christmas Day, boosting its reserves to 5,997.77 BTC, now valued at a cool $595 million. El Salvador’s Festive BTC Grab: One Coin a Day Keeps...
Crypto Remittances Grow In El Salvador Reaching 1% Share
24.12.2024
The Reserve Central Bank has confirmed that the cryptocurrency usage for remittances in El Salvador is still marginal at best. According to recent data released by the institution, crypto remittances registered a growth of 2.5% between January and August, but still account for just 1% of all...
Latam Insights Encore: El Salvador’s Confusing IMF Deal Might Be Foiled By Its Bitcoin Stance
23.12.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. This edition examines the confusing agreement signed by El Salvador and the IMF and how Bukele’s actions might jeopardize the disbursement of $1.4 billion...
Latam Insights: El Salvador’s IMF Bitcoin-Braking Deal and Argentina’s Cyberspace Crypto Patrol
23.12.2024
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador inked an agreement with the IMF that could stop its bitcoin adoption, Argentina announced crypto patrols, and...
El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement
22.12.2024
The government of El Salvador has clarified that it will continue pushing bitcoin as part of its economic strategy, even as it inked an agreement with the IMF to wind down its bitcoin operations. El Salvador Keeps Purchasing Bitcoin After IMF Deal While many lamented the recent agreement between...
El Salvador buys 11 BTC only a day after reaching a deal with IMF
20.12.2024
El Salvador purchased 11 Bitcoin only a day after reaching a $1.4 million IMF loan deal that called to reduce public sector engagement in “Bitcoin-related economic activities.”
El Salvador buys 11 BTC only a day after reaching a deal with IMF
20.12.2024
El Salvador purchased 11 Bitcoin only a day after reaching a $1.4 million IMF loan deal that called to reduce public sector engagement in “Bitcoin-related economic activities.”
El Salvador buys 11 BTC only a day after reaching a deal with IMF
20.12.2024
El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”
El Salvador buys 11 BTC only a day after reaching a deal with IMF
20.12.2024
El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”
El Salvador buys 11 BTC only a day after reaching a deal with IMF
20.12.2024
El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”
El Salvador buys 11 BTC only a day after reaching a deal with IMF
20.12.2024
El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”
El Salvador buys 11 BTC only a day after reaching a deal with IMF
20.12.2024
El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”
El Salvador buys 11 BTC only a day after reaching a deal with IMF
20.12.2024
El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”
El Salvador buys 11 BTC only a day after reaching a deal with IMF
20.12.2024
El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”
El Salvador Becomes the First Country to Have a Strategic Bitcoin Reserve
20.12.2024
El Salvador’s Bitcoin office recently announced the deposit of over a million dollars’ worth of Bitcoin into the…
Quid Pro Quo: El Salvador Scores $1.4 Billion IMF Credit by Scaling Back Bitcoin Activities
19.12.2024
The International Monetary Fund (IMF) reached an agreement with the government of El Salvador to provide a $1.4 billion credit facility to fund the country’s reform agenda. In exchange, El Salvador agreed to scale back bitcoin’s economic involvement to mitigate risks derived from...
El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal
19.12.2024
The country's concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector