1 / 12 Relevant items tagged with #ElSalvador
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IMF Bombshell Footnote Solves El Salvador’s Bitcoin Accumulation Mystery
[Jul 19 3:30 AM] The IMF has finally referred to the current status of the accumulation of bitcoin by the government of El Salvador in its latest compliance report, stating that the government had been consolidating its bitcoin stash from several addresses into…
Pakistan Establishes Ties With El Salvador, With Bitcoin Front and Center
[Jul 18 8:30 AM] The government of the Islamic Republic of Pakistan established diplomatic ties with the Republic of El Salvador in a recent meeting, discussing an information-sharing agreement on bitcoin. The two countries are currently seeking to embrace the…
IMF-El Salvador Deal Bitcoin Compliance Goals Broken: Chivo Wallet Involved
[Jul 18 4:30 AM] The latest report issued by the IMF on the compliance of El Salvador’s actions with the guidelines established in the $1.4 billion credit facility deal approved in February revealed that Chivo Wallet led the nation to miss the bitcoin…
El Salvador And Pakistan Leaders Meet To Discuss Bitcoin
[Jul 16 7:28 PM] Bitcoin Magazine El Salvador And Pakistan Leaders Meet To Discuss Bitcoin President Nayib Bukele of El Salvador hosted Pakistan’s Minister of Crypto, Bilal Bin Saqib, for a meeting focused on expanding global Bitcoin collaboration. According to an…
Latam Insights Encore: US Senate’s Weaponization of Bitcoin Ownership Should Raise Concerns
[Jul 16 6:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the U.S. Senate is weaponizing bitcoin against El Salvador in a politicized attempt to sanction…
Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets
[Jul 13 11:30 AM] The new infrastructure, to be built by Nexbridge and Nexplace, will position El Salvador at the forefront of financial technology, enabling the development of capital markets and a suite of service offerings built on the bitcoin stack. El Salvador…
US Senate Introduces Bill to Enact Sanctions on El Salvador’s Bitcoin Usage in Human Rights Violations
El Salvador Evolves AI Strategy by Launching Nvidia-Powered National Lab
Bitcoin Core Developer Arrested in El Salvador For Allegedly Calling Neighbor ‘Stupid’
[Jul 7 6:30 AM] The developer says he has now been released but was allegedly detained and faced up to eight years in prison after his Salvadoran neighbor accused him of calling her “stupid” during a dispute over a piece of land. Bitcoin Core Contributor Arrested…
How The IMF Prevents Global Bitcoin Adoption (And Why They Do It)
[Jun 27 3:56 PM] Bitcoin Magazine How The IMF Prevents Global Bitcoin Adoption (And Why They Do It) The Global Pattern In recent years the IMF has: Successfully pressured El Salvador to (de facto) drop Bitcoin as legal tender, and rollback other Bitcoin policies…
Crypto Remittances Fell Nearly 45% in El Salvador
[Jun 14 7:30 AM] Numbers from the Central Bank of El Salvador indicate that crypto remittances sent to El Salvador fell by 45% compared to the first four months of 2024. Crypto flows sent from abroad accounted for less than 1% of all funds sent by foreigners to…
Panama Canal Could Prioritize Bitcoin-Paying Ships, Mayor Suggests
[May 31 4:00 AM] Panama City’s mayor, Mayer Mizrachi, put forward an unusual plan at the Bitcoin 2025 conference in Las Vegas on May 29. He suggested that cargo ships could speed up their transit through the Panama Canal if they paid in Bitcoin. It was a brief…
El Salvador Passes IMF Review With Flying Colors Despite Its Bitcoin Purchases
[May 29 10:30 AM] The IMF reached a staff-level consensus on El Salvador’s performance in meeting the conditions required to receive a new disbursement. Regarding bitcoin, efforts will be made to ensure that the total amount of the cryptocurrency owned remains…
El Salvador Overtakes North Korea in Bitcoin Holdings After Lazarus Group’s Reduction
[May 26 3:32 PM] Two weeks prior, North Korea’s cybercriminal network Lazarus Group maintained a stash of 7,813 BTC—then worth $856 million. Since that point, the group has liquidated approximately 1,938 BTC, shedding more than $212 million in value. As a result of…
Success: El Salvador Boasts Hundreds of Millions of Dollars in Bitcoin Revenue
[May 19 11:30 AM] El Salvador, the first country to introduce bitcoin as legal tender, has experienced significant success with its cryptocurrency experiment. President Nayib Bukele, a bitcoin enthusiast, has disclosed the revenue that the country has achieved with…
Latam Insights Encore: I’m Convinced: Bukele Outsmarted the IMF, Even if We Don’t Know How
[May 6 4:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how President Nayib Bukele has continued to purchase bitcoin, complying with the IMF policies of…
Latam Insights: Strategy Rises in Brazil; El Salvador Continues to Buy Bitcoin
[May 4 4:30 PM] Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Oranje rises as Latam’s Strategy’s copycat, El Salvador will continue to buy bitcoin despite the…
Excellence-Only Policy Puts El Salvador’s Bitcoin Program in Global Spotlight
[May 3 1:30 AM] El Salvador is rapidly cementing its status as a global innovation powerhouse, fusing elite bitcoin education with cutting-edge AI training to supercharge national transformation and global influence. Bitcoin Advocate Applauds El Salvador’s Bold…
El Salvador Committed to Buying Bitcoin Despite IMF Deal, Minister Says
[May 1 3:30 AM] El Salvador is quietly defying the IMF, accelerating daily bitcoin buys and reinforcing its bold crypto strategy on the global stage. El Salvador Keeps Buying Bitcoin Daily Despite IMF Loan Conditions El Salvador’s commitment to bitcoin remains…
El Salvador’s Ministry of Education To Launch Educational Bitcoin Curriculum For Young School Students
[Apr 29 2:52 PM] Bitcoin Magazine El Salvador’s Ministry of Education To Launch Educational Bitcoin Curriculum For Young School Students El Salvador is showing once again that it is leading the way with Bitcoin — and this time, they’re starting with the next…
Is Someone Lying? IMF Confirms El Salvador’s Compliance With Bitcoin Non-Accumulation Commitment
[Apr 28 11:30 AM] In a press briefing during the spring meetings of 2025, the IMF highlighted that, according to their data, El Salvador has complied with the bitcoin non-accumulation agenda to which it committed. Nonetheless, the country continues to report regular…
89% of Registered Bitcoin Service Providers Remain Inactive in El Salvador
[Apr 15 7:30 AM] According to records from the Central Reserve Bank, only 20 registered bitcoin service providers (BSPs) are actively operating in El Salvador, one of which is Chivo, the official government wallet that will soon be disbanded. Barren Land: Only 20…
Latam Insights: Bukele’s US Tour, Panamanian Crypto Bill
[Mar 30 10:30 PM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, El Salvador’s Nayib Bukele announces a visit to the U.S., a Panamanian crypto bill gets introduced…
First Tokenized Warehouse Complex Built in El Salvador
[Mar 29 5:30 AM] The warehouse, whose construction was financed in part with tokenized sales, marks one of the first times that this financing scheme has been used successfully in El Salvador. The Digital Assets Law allows for this kind of financing model, allowing…
Latam Insights Encore: Bukele’s Gambit or How (Not) to Conduct a Bitcoin Revolution
Is Bukele Lying? IMF Statements Hint at Bitcoin Recirculation Practices
[Mar 10 8:15 AM] El Salvador’s President Nayib Bukele stated that the nation will not stop hoarding bitcoin after the infamous IMF deal, and the bitcoin office claims it is still purchasing bitcoin. However, statements made by IMF spokespersons indicate that…
Latam Insights: El Salvador’s IMF Deal Detailed, Mexican Billionaire Goes Hard on Bitcoin
[Mar 9 5:30 PM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, the IMF reveals the fine print of its credit facility deal with El Salvador, Ricardo Salinas…
Unkept Promises: Developer Leaves El Salvador After Change in Bitcoin Stance
[Mar 7 10:45 AM] Andreas Kohl, a bitcoiner who moved to El Salvador three years ago, has decided to leave the country due to the new direction taken by the current administration regarding bitcoin and a series of promises that the government has failed to fulfill…
Bukele’s IMF Deal Controversy: Fine Print on Bitcoin Raises Questions
[Mar 6 8:30 AM] While the fine print of the IMF credit facility deal states that the public sector will not acquire more bitcoin, El Salvador’s President Nayib Bukele has rejected this notion, asserting that these acquisitions will continue. But who is…