The warehouse, whose construction was financed in part with tokenized sales, marks one of the first times that this financing scheme has …
Salvador
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Finance
Bukele Rejects IMF Bitcoin Terms as El Salvador Continues Accumulation
by shayaanby shayaanEl Salvador’s President Nayib Bukele has dismissed the International Monetary Fund’s (IMF) conditions requiring the country to halt Bitcoin accumulation. Despite IMF …
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El Salvador has entered a regulatory agreement with Paraguay on the topic of cryptocurrencies. Paraguay’s Secretaría de Prevención de Lavado de Dinero …
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Adoption
El Salvador defies IMF, continues Bitcoin purchases amid market downtrend
by shayaanby shayaanEl Salvador has reinforced its commitment to Bitcoin despite repeated cautions from the International Monetary Fund (IMF). On March 9, El Salvador’s …
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Adoption
El Salvador buying or mining more Bitcoin could cost country $3.5 billion in IMF funding
by shayaanby shayaanThe International Monetary Fund (IMF) has approved a new 40-month arrangement under the Extended Fund Facility (EFF) for El Salvador, providing access …
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Regulation
El Salvador to focus on open-source AI development with new laws to foster innovation
by shayaanby shayaanEl Salvador has introduced a new artificial intelligence (AI) law to foster innovation while ensuring responsible development and regulatory oversight. On Feb. …
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El Salvador and Tokyo-listed Bitcoin treasury firm Metaplanet have taken advantage of BTC’s recent price drop to expand their investments in the …
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This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on El Zonte, …
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This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on Bitcoin City, …
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Regulation
El Salvador Reverses Bitcoin Legal Tender Status Under Pressure From IMF: Report
by shayaanby shayaanEl Salvador has reportedly removed the legal tender status of Bitcoin (BTC) after less than four years because of pressure from the …