El Salvador has announced its intention to introduce "Bitcoin Banks" into its economy, a move that aligns with President Nayib Bukele's broader strategy to integrate Bitcoin into the country's financial system.
Read MoreEl Salvador has announced its intention to introduce "Bitcoin Banks" into its economy, a move that aligns with President Nayib Bukele's broader strategy to integrate Bitcoin into the country's financial system.
Read MoreEl Salvador's pioneering adoption of Bitcoin as legal tender has transitioned from a nationwide initiative to a strategy of government accumulation, with little to show for its impact on ordinary citizens.
Read MoreA recent report from the International Monetary Fund (IMF) has challenged El Salvador's public narrative regarding its national Bitcoin holdings, indicating that the country has not increased its BTC reserves since securing a $1.4 billion loan agreement with the IMF in December 2024.
Read MorePresident Nayib Bukele's ambitious Bitcoin strategy for El Salvador is now yielding substantial returns, with the nation's crypto holdings rocketing beyond $760 million as Bitcoin remarkably crossed the $122,000 threshold on Sunday.
Read MoreEl Salvadoran President Nayib Bukele has vehemently dismissed a U.S. Senate bill aimed at scrutinizing his country's cryptocurrency policies, responding to proposed sanctions with a defiant "HAHAHAHAHAHAHA the Dems are just salty" on social media platform X.
Read MoreEl Salvador has increased its national Bitcoin reserves by 8 BTC this week, bringing its total holdings to 6,230.18 BTC, currently valued at approximately $679 million, according to the country's Ministry of Finance.
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