2023-5-13 00:53 |
The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally introduced after the country's Bitcoin Law was enacted.
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The International Monetary Fund (IMF) is still not comfortable with El Salvador’s Bitcoin gamble. At a press conference on Thursday, the IMF renewed its call for El Salvador to narrow down the scope of its Bitcoin legislation and revamp its regulatory framework surrounding the cryptocurrency.
The International Monetary Fund (IMF) renewed its calls for El Salvador to scale back its Bitcoin policies
In a surprising development, Bhutan has significantly increased its Bitcoin holdings, surpassing El Salvador and establishing itself as a major player in the cryptocurrency world. According to data shared by crypto analytics firm Arkham Intelligence on Monday, the Himalayan kingdom now holds just over 13,000 BTC, valued at approximately $780 million. In addition to Bitcoin, […]
El Salvador’s President Nayib Bukele revealed that the country has gained about $265 million after adopting Bitcoin as a reserve asset and legal tender. Bukele shared that El Salvador has invested $135 million in Bitcoin, which has since grown to $400 million in the public wallet alone.
El Salvador's National Bitcoin Office (ONBTC) is set to provide Bitcoin training and certification to 80,000 government employees.
El Salvador's persistent Bitcoin purchases amid market downturn could solidify its position as a crypto pioneer, influencing global economic strategies. The post El Salvador continues daily Bitcoin acquisition amid market downturn appeared first on Crypto Briefing.