El Salvador’s National Library (BINAES) is launching a dedicated Bitcoin section to promote public understanding of the cryptocurrency. This initiative will feature a curated collection of Bitcoin literature and an operational full-node display, spearheaded by Bitcoin educator PupusasG, a prominent Salvadoran advocate and CUBO+ graduate, to solidify Bitcoin's role in ...
El Salvador increased its Bitcoin holdings by acquiring 12 BTC on February 4 after a market dip. The country previously bought 11 BTC for about $1.1 million at an average of $101,816 per Bitcoin and added another 1 BTC for $99,114. According to the Bitcoin Office tracker, this latest purchase ...
According to Reuters reports, El Salvador's Congress has swiftly approved reforms after President Nayib Bukele submitted them, aligning the country's Bitcoin policies with the conditions of its $1.4 billion loan agreement with the IMF. El Salvador, which had previously been excluded from traditional financial markets due to its high debt ...
El Salvador has reached a $1.4 billion financing agreement with the International Monetary Fund (IMF) under a 40-month Extended Fund Facility. The deal, aimed at addressing the country's balance of payment challenges and advancing its reform agenda, comes with a significant condition: scaling back its Bitcoin-related activities within the public ...
El Salvador's National Bitcoin Office (ONBTC) has announced that it will offer training and certifications to 80,000 government employees on how to manage, interpret and implement public policies related to Bitcoin. According to a recent press release, the training program is a 160-hour virtual training course, "Certification in Public Administration ...
The International Monetary Fund (IMF) is in talks with the El Salvadoran government to support local policies that will address the country's macroeconomic imbalances and enhance its medium-term growth prospects and resilience. According to a recent statement from the Fund, a mission led by Raphael Espinoza has been engaged in ...
El Salvador has proposed using Bitcoin for trade with Russia to overcome financial transaction limitations imposed by sanctions. This revelation came from Alexander Ilyukhin, First Secretary of the Russian Embassy in Nicaragua and Head of the Office in El Salvador, in an exclusive interview with State media outlet Izvestia. Ilyukhin ...
ARK Invest CEO Cathie Wood has predicted that El Salvador's gross domestic product (GDP) could increase tenfold over the next five years if it continues its Bitcoin and artificial intelligence adoption plan under President Nayib Bukele, “President Bukele’s determination to turn El Salvador into an oasis for the Bitcoin and ...
El Salvador has recently unveiled its proof-of-reserves platform, a website that allows for real-time monitoring of the nation's Bitcoin holdings through on-chain data. The website is hosted at bitcoin.gob.sv, and it offers tools to obtain insights into the country's cryptocurrency reserves. The South American country currently holds about 5,748 BTC, ...
Nayib Bukele is set to begin another five-year term as President in El Salvador as he boasts of a massive lead over his opponents, as indicated by exit polls reported by Reuters on Monday, February 2024. Provisional results revealed that Bukele had more than 80% of the votes cast by ...
