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. origin »
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Since adopting Bitcoin as a legal tender back in 2021, El Salvador has pursued a consistent strategy of accumulating Bitcoin (BTC). This steady Bitcoin buying strategy, which has largely paid off since the asset’s price has soared, has continued up until now.
El Salvador now holds more than 6,000 Bitcoin, reaching this milestone after adding another BTC on Dec. 29. The country’s Bitcoin (BTC) treasury now stands at 6,000. 77 BTC, valued at approximately $561.
A good leader's first priority is to the well being of his people, not the whims of public gossip and banter.
El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund (IMF), which includes significant changes to its Bitcoin policies.
El Salvador’s Central Reserve Bank has officially granted Bitget a Bitcoin Service Provider (BSP) license, according to a Dec. 16 statement shared with CryptoSlate. This move grants the exchange legal authorization to facilitate Bitcoin-related services in the country, including converting Bitcoin to fiat currencies, processing Bitcoin payments, and securely managing Bitcoin custody.
Michael Saylor-led MicroStrategy has purchased 15,350 Bitcoin for $1. 5 billion at an average price of $100,386 per coin, according to a Dec. 16 filing with the US Securities and Exchange Commission (SEC).