The IMF stated that the recent Bitcoin accumulation came from private donations, not public funds El Salvador has significantly reduced public participation in its Chivo e-wallet as part of changes to the government’s involvement […]
Key Takeaways Bukele slammed false reports of a transferred bitcoin reserve, clarifying only Chivo shares were privatized. The IMF praised El Salvador’s economic growth and fiscal surplus, which Bukele credited to better security. Bukele ignored […]
Key Takeaways IMF revealed El Salvador’s Bitcoin gains were private donations, unlocking $140M in IMF funding. El Salvador agreed to end public Bitcoin buys, aligning treasury policy with IMF transparency rules. The government privatized majority […]
Add ZyCrypto News On Google Bitcoin (BTC) transactions have plunged in El Salvador despite positive local legislation and incentives over the years. The decline in specific regions aligns with the wider trend, but analysts added […]
Add ZyCrypto News On Google El Salvador has marked the fifth anniversary of its Bitcoin commitment (since its announcement in June 2021), with fresh news revealing the government has downsized the regulatory directive requiring merchants […]
Key Takeaways Despite a 39.1% annual rise, crypto handles just 0.7% of El Salvador’s remittances, showing lackluster adoption. Salvadorans still rely on traditional channels, with banks and firms processing over 84% of all funds. The […]
Key Takeaways Bitcoin sits less than $3,000 above the $57,900 average price Germany sold at in 2024. Germany sold 49,858 BTC for about $2.89 billion, a decision once mocked as a multibillion-dollar error. The shrinking […]
Key Takeaways El Salvador’s bitcoin reserve sits near 7,600 BTC, valued above $510 million as of June 3. The country kept adding coins through a roughly one-BTC-a-day policy even as prices have continued to collapse. […]
In a significant shift toward financial diversification, El Salvador has acquired 13,999 ounces of gold worth nearly $50 million, its first such purchase since 1990. The move is widely seen as a strategy to stabilize […]
Bitfinex has received a Digital Asset Service Provider licence in El Salvador expanding the company’s regulated footprint in Latin America. Bitfinex now joins Bitfinex Securities and Bitfinex Derivatives as licensed entities in El Salvador, offering […]
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