El Salvador News News El Salvador » Cryptocurrencies: El Salvador: President Bukele denies transfer of Bitcoin reserves
It was not control over the Bitcoin reserve, but over the state e-wallet that was handed over to private hands as part of an agreement with the IMF.
News El Salvador » Cryptocurrencies: Breaking: IMF Warns El Salvador’s Bitcoin Reserve Buying Will End Soon
The IMF says El Salvador's Bitcoin buying will end beyond verified donations as it tightens crypto oversight under $1.4 billion program.
News El Salvador » Cryptocurrencies: El Salvador added 1,540 Bitcoin, but the IMF says Bukele’s government didn’t pay for them
El Salvador's Bitcoin reserve has grown sharply, but the IMF says recent accumulation came from private donations.
News El Salvador » Cryptocurrencies: Cryptocurrencies Rally Following Trump Victory, El Salvador's Bitcoin Bet Pays Off And More: Top Crypto Updates This Week
The week has been a whirlwind of cryptocurrency news, with El Salvador’s Bitcoin gamble paying off and Standard Chartered predicting a massive surge in the digital assets market. Meanwhile, Detroit is ...
News El Salvador » Cryptocurrencies: IMF clears the air on El Salvador’s growing Bitcoin reserves
This explains how El Salvador’s Bitcoin balance continued to rise, even though earlier IMF discussions required the public sector’s Bitcoin holdings to remain unchanged. The country’s official BTC ...
News El Salvador » Cryptocurrencies: IMF Says Donations, Not Public Funds, Drove El Salvador Bitcoin Growth
The IMF says private donations, not purchases, explain El Salvador's Bitcoin reserve growth since the first review.
News El Salvador » Cryptocurrencies: IMF Now Says Donations Funded El Salvador's Bitcoin Growth
A year ago the fund claimed the total had not moved, and that the reserve was only shuffling coins between government wallets.
News El Salvador » Cryptocurrencies: Cryptocurrency Gambit: El Salvador’s Bold Push for Global Crypto Alliances
El Salvador is taking bold steps in the world of cryptocurrencies. The country, which made Bitcoin legal tender back in 2021, has recently entered into discussions with over 25 countries to form ...
News El Salvador » Cryptocurrencies: El Salvador Plans to Buy More Bitcoin Every Day Despite Losing Millions Already
Bitcoin is trading at a two-year low as President Nayib Bukele doubles down on his country's financially disastrous cryptocurrency experiment. Reading time 3 minutes Nayib Bukele, the president of El ...
News El Salvador » Cryptocurrencies: Can cryptocurrencies be legal tender? A case study from El Salvador
In El Salvador, preference for cash and privacy fears deterred the widespread adoption of Bitcoin as an everyday currency, researchers report. The findings suggest that policies incentivizing ...
News El Salvador » Cryptocurrencies: El Salvador passes law for bitcoin-backed 'volcano bonds' and eyes expanding to other cryptocurrencies
El Salvador's assembly passed legislation Wednesday that clears the way for bitcoin-backed "volcano bonds" to be issued and for cryptocurrencies other than bitcoin. After declaring bitcoin legal ...