El Salvador added 11 bitcoins (BTC) worth $1 million to its reserves, just a day after reaching a $1.4 billion agreement with the International Monetary Fund. This deviates from the country's usual practice of purchasing one bitcoin daily. El Salvador now holds 5,980 BTC. Despite IMF demands to limit cryptocurrency purchases, the government reaffirms its commitment to bitcoin as part of its long-term financial strategy.
12/20/2024 3:14:39 PM (GMT+1)
El Salvador added 11 bitcoins (BTC) worth $1 million to its reserves, despite an agreement with the IMF that restricts cryptocurrency purchases and requires a transition to US dollars for tax payments 💵
522
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Lukashenko tasked with modernizing Belarus's energy infrastructure and considering the use of surplus electricity for cryptocurrency mining
President Trump signed an order to create the Strategic Bitcoin Reserve and the National Digital Asset Reserve to strengthen the U.S. position in managing cryptocurrencies
The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country
1inch recovers $5 million stolen after an attack on the old version of the Fusion v1 smart contract, the hacker returned the funds by agreement with the platform
The IMF demands that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement to reduce financial risks and regulate cryptocurrency
Franklin Templeton launches an ETF tracking the price of the cryptocurrency XRP, reflecting the growing interest in digital assets and expanding opportunities for investors
Governor of Nebraska signed the LB609 law to protect cryptocurrency ATM users, prevent fraud, and enhance control over the crypto industry
