El Salvador is doubling down on its Bitcoin strategy, even after signing a $1.4 billion loan agreement with the International Monetary Fund (IMF) that recommended scaling back its crypto ambitions. During an interview at the Web Summit in Rio de Janeiro, Economy Minister Maria Luisa Hayem confirmed that the government
The United States Security and Exchange Commission (SEC) is in talks with El Salvador over a potential cross-border crypto sandbox. This partnership could redefine how digital assets are regulated and tested between nations. This discussion comes amidst tension between both nations about deportation policies, casting political thoughts over what could
Cryptocurrency has seen incredible growth in the last 2 years with the market’s significant boom. Nations worldwide have begun to inculcate digital assets and utilize the effective tools that come along with it, such as the blockchain. Using blockchain integration numerous projects have pushed the boundaries of innovation further over
El Salvador’s President Nayib Bukele has reaffirmed that the country will continue accumulating Bitcoin (BTC), despite the recent International Monetary Fund’s (IMF) agreement suggesting otherwise. Bukele dismissed claims that El Salvador’s Bitcoin strategy would stop, countering the IMF’s requirements tied to a $1.4 billion loan deal. The IMF recently released
El Salvador continues to expand its BTC holdings despite recent policy changes. On February 4, the Central American nation added 12 Bitcoins to its reserves, increasing the total to 6,068 BTC, valued at over $554 million. The government purchased 11 Bitcoin for about $1.1 million, averaging $101,816 per BTC. Later,
Bitfinex Securities is preparing to launch tokenized financial products in El Salvador this year. In particular, this digital securities exchange is planning to launch its successful tokenized financial product Blockstream Mining Note2 (BMN2) in Q1 2025. #DeDinero Este miércoles se desarrolla el @BFXSecurities Day en El Salvador, un evento que
El Salvador has achieved a significant milestone, surpassing 6,000 Bitcoin (BTC) in its national reserves. On December 29, the country added one more Bitcoin, bringing its total holdings to 6,000.77 BTC, valued at $569.3 million, according to the National Bitcoin Office portfolio tracker. This marks a 108.02% growth in El
El Salvador has been purchasing 11 BTC for $1 million, a day after reaching a $1.4 billion loan agreement with the International Monetary Fund (IMF). This purchase adds to the country’s growing Bitcoin reserves, totalling nearly 6,000 BTC, valued at around $580 million. However, this move comes at a critical
El Salvador, the first country to adopt Bitcoin as a legal tender, agrees to limit Bitcoin-related activities in exchange for a $1.4 billion loan from the International Monetary Fund (IMF). Recently, El Salvador obtained a staff-level agreement with the IMF for a 40-month Extended Fund Facility (EFF) arrangement, to support
With Trump being elected as the President of the US, his pro-crypto stance is acting as a major factor for several other countries to explore the industry. Vancouver has already passed a motion to explore the possibilities of becoming a Bitcoin-friendly city. On the other hand, El Salvador’s Bitcoin adoption
