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Published on Dec 20, 2024

El Salvador Becomes the First Country to Have a Strategic Bitcoin Reserve

El Salvador’s Bitcoin office recently announced the deposit of over a million dollars’ worth of Bitcoin into the country’s Strategic Bitcoin Reserve, making it the first nation in the world to create such a reserve. 🇸🇻We just transferred over a million …

Source: CryptoNewsZ - Neutral
Published on Dec 20, 2024

El Salvador May Accelerate Bitcoin Buys Following IMF Deal Concessions

El Salvador may have reached a deal with the International Monetary Fund that will see the tiny country scale back its Bitcoin law—but it’s still going to “HODL.” And it might even step up its BTC buys. That’s according to Stacy Herbert, the head of El …

Source: Decrypt - Label Pending
Published on Dec 20, 2024

El Salvador to Roll Back Bitcoin Project Under IMF Agreement

The International Monetary Fund (IMF) said Wednesday (Dec. 18) that El Salvador will alter its bitcoin project as part of a staff-level agreement on a $1.4 billion Extended Fund Facility (EFF). “The potential risks of the Bitcoin project will be diminished …

Source: PYMNTS.com - Massachusetts - Neutral
Published on Dec 20, 2024

El Salvador plans to sell or shut its crypto wallet

El Salvador will privatize or close the cryptocurrency wallet "Chivo" created by President Nayib Bukele when he made bitcoin legal tender in 2021, an official said Thursday. The announcement came after the Central American nation's government …

Source: The Daily Sentinel - Colorado - Neutral
Published on Dec 20, 2024

Tuko » El Salvador plans to sell or shut its crypto wallet

Source: Kenya Moja - Label Pending
Published on Dec 19, 2024

El Salvador to accelerate Bitcoin purchases despite IMF deal

El Salvador plans to continue and potentially accelerate its purchases of Bitcoin (BTC) despite its recent deal with the International Monetary Fund (IMF), according to Stacy Herbert, the director of the country’s Bitcoin Office. Moreover, Herbert …

Source: CryptoSlate - Neutral
Published on Dec 19, 2024

IMF Pressures El Salvador To Stop Pushing Bitcoin

El Salvador has agreed to scale back its crypto agenda in exchange for a $1.4 billion loan from the International Monetary Fund (IMF), marking a shift in the country's quest to become a global cryptocurrency hub. After four years of negotiations, the …

Source: Reason Magazine - Center-right
Published on Dec 19, 2024

El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal

El Salvador is in the process of securing a $3.5 billion deal with the International Monetary Fund, but is making some concessions around bitcoin (BTC) to get the funding. Stacey Herbert, director of the Bitcoin Office in El Salvador, posted on Thursday …

Source: CoinDesk - Neutral
Published on Dec 19, 2024

El Salvador says it will keep buying bitcoin despite IMF warning

Members of a local Bitcoin community, gather in a local cafe in Berlin, El Salvador, January 24, 2024. REUTERS/Jose Cabezas/File Photo SAN SALVADOR - El Salvador said on Thursday it would keep buying bitcoin, possibly at an accelerated pace, a day …

Source: The Straits Times - Pro-Government
Published on Dec 19, 2024

El Salvador Empowers Tourism Entrepreneurs with Innovative Tools.

Sixty-five tourism entrepreneurs in El Salvador completed the “Tourism 360°” training program, designed to boost their digital content creation skills and competitiveness. Organized by the Government of El Salvador, the program focused on digital marketing …

Source: El Salvador in English - Uncategorized