Category: Salvadors
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El Salvador’s Bukele says Bitcoin buys will continue amid IMF pressure
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The President of El Salvador Naeb Bocley said his government will not stop buying bitcoin despite a new request from the International Monetary Fund to stop. The International Monetary Fund issued a new request on March 3 to obtain an extended ranking under its facilitation of $ 1.4 billion to…
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El Salvador’s Bitcoin Holdings Face IMF Regulation
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It appears that a newly unveiled deadline from the International Monetary Fund (IMF) is scheduled to oversee the supervision of Bitcoin Salvador during the next year and beyond. According to the information issued by journalist Ricardo Valb from El Faru, it was claimed that the administration of President Nayb agent…
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Inside El Salvador’s $569 Million BTC Strategy
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One Central American country has continued to invest in Bitcoin, as the country has boosted its Bitcoin reserves to over $500 million. El Salvador purchased additional coins to increase its holdings to over 6,000 units, allowing the Central American country to join the 6,000 Bitcoin club. Bitcoin investment increased by…
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The IMF Just Improved El Salvador’s Bitcoin Law
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Follow Aaron on our or X. International Monetary Fund yesterday Announce They reached a $1.4 billion loan deal with El Salvador. In contrast, the Central American country that introduced legal Bitcoin in 2021 has had to remove some of its pro-Bitcoin policies. I spent about three months in El Salvador…
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El Salvador’s Bitcoin Holdings Cross $632 Million, Drawing Bukele’s Praise
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A South American country is among the bitcoin investors to benefit greatly from the Donald Trump-fueled cryptocurrency bull market as its digital asset portfolio reaches new heights, analysts report. The value of El Salvador Bitcoin Holdings rose to $632 million after the top cryptocurrency reached a new all-time high of…
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Elon Musk Calls El Salvador’s Bitcoin Holdings ‘Impressive’
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In an exchange on El Salvador, which was the first country to adopt Bitcoin as legal tender in September 2021, has seen significant growth in its Bitcoin investments year-to-date. Elon Musk is impressed by Bitcoin’s performance President Bukele posted a screenshot detailing the country’s Bitcoin holdings after the price soared…
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El Salvador’s Bitcoin Office Celebrates 21 Months of Success, Sets Stage for Renaissance 2.0
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“Someone has to be there to maintain and iterate on the vision. There’s a tremendous amount of work to be done. When you have a thousand miles to go and you’ve only taken the first step, it feels like you’ve come a long way. It really helps to have someone…
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VanEck Executive Praises Argentina and El Salvador’s Commitment To Bitcoin And Crypto Freedom
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Gabor Gorbax, CEO at VanEck and most recently founder of PointsVille recognition Of the growing importance of cryptocurrencies in the financial landscape, Argentina and El Salvador have been praised for their innovative efforts in promoting Bitcoin and creating a free crypto economy. Gorbach stressed how the leaders of these countries,…
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El Salvador’s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition
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El Salvador made headlines once again as it announced its ownership of 5,750 Bitcoin (BTC), which is worth approximately $353 million based on current market prices. According to To Bloomberg. This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency…