However, it is unclear whether El Salvador actually bought 1,090 BTC, as its deal with the IMF required the country to cease new purchases.
Bernstein analysts said last year that any practical threat to Bitcoin posed by quantum computing remains "decades away".
The law allows financial institutions with $50 million in capital to register as investment banks and obtain digital asset licenses.
President Bukele has yet to address the IMF's bitcoin purchase restrictions, clouding El Salvador's future bitcoin strategy.
El Salvador's BTC portfolio was valued at $644.4 million, representing an unrealized profit of 124.4% on its initial $287 million investment
El Salvador’s Congress passed a bill to scale back bitcoin adoption, as proposed by the IMF in a $1.4 billion deal.
Dogecoin's price is up today, fueled by Elon Musk's mention of "D.O.G.E." during the latest Donald Trump's campaign rally.
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Three years ago, on September 7, 2021, the country of El Salvador shocked the world when its president, Nayib Bukele, announced that the country would be adopting Bitcoin as legal tender. Not only that, the county also began buying BTC to add to its reserves, growing that stash over the years. Now that the country […]
In a recent interview with TIME, Nayib Bukele, El Salvador’s pro-Bitcoin president, assessed the impact of his plan to position the country as a hub for the largest cryptocurrency on the market. While he acknowledged that adoption has not met expectations, he emphasized that the overall results have been “net positive.” Bitcoin In El Salvador […]
El Salvador has once again made headlines as it announced its ownership of 5,750 Bitcoin (BTC), which is valued at approximately $353 million based on current market prices, according to Bloomberg. This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency regarding the treasury’s BTC […]
A non-profit organization focused on Bitcoin (BTC) education, operating out of El Salvador, has recently unveiled an updated version of its Bitcoin Diploma program. The initiative aims to promote wider adoption of the leading cryptocurrency and educate individuals about the benefits of understanding its underlying technology. BTC Education Goes Mainstream Known as “Mi Primer Bitcoin” […]
El Salvador’s National Bitcoin Office says it's already received “many dozens of applications” for the country’s new Freedom visa.