US EditionEl Salvador Bitcoin Accumulation Is “Not Stopping”: Bukele Reaffirms
- El Salvador purchased one bitcoin, increasing its reserve total to 6,102 bitcoins, as reported by the National Bitcoin Office.
- The International Monetary Fund approved a loan program of $1.4 billion for El Salvador but recommended stopping further bitcoin accumulation.
- President Nayib Bukele stated that bitcoin accumulation will not stop, contradicting the IMF's recent report on government bitcoin acquisition.
- The IMF has stated that the public sector can no longer acquire bitcoins voluntarily, covering both purchasing and mining.
47 Articles
47 Articles
The Washington Hispanic
eju.tvEl Salvador’s president, Nayib Bukele, said Tuesday that the country “will not stop” and will continue to buy bitcoin for its strategic reserve, despite the fact that the cryptoactive will cease to be a legal currency in the local economy. “No, it will not stop (the purchase of bitcoin). If it did not stop when the world condemned us to ostracism and most ‘bitcoiners’ abandoned us, it will not stop now and will not stop in the future,” said the …
El Salvador announces more bitcoin purchases, gives IMF assurances
SAN SALVADOR : El Salvador announced on Wednesday the purchase of a bitcoin, which takes the total in the country's strategic reserve to above 6,102 coins, the National Bitcoin Office posted on social media.The bitcoin purchase announcement comes days after the International Monetary Fund board approved a
Bukele Plans to Continue Buying Bitcoin in Defiance of IMF
El Salvador’s President Nayib Bukele said his government would continue to buy Bitcoin even after inking a deal with the International Monetary Fund that was expected to halt accumulation of the digital currency.
“President Nayib Bukele and his government will continue to work to position El Salvador as a benchmark in security, trade and investment,” said the Vice-President. EL SALVADOR.- Vice-President Félix Ulloa met with the president of the Chamber of Commerce and Industry of El Salvador (Camarasal), Leticia Escobar, and his team, to work for the country’s competitiveness internationally and consolidate its attractiveness for investment, according to…
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