El Salvador

A collection of 29 posts

El Salvador

Onchain Data Raises Doubts Over El Salvador’s Bitcoin Acquisition Claims

El Salvador remains at the forefront of Bitcoin adoption as the first nation to declare the cryptocurrency legal tender in 2021. The country’s leaders have consistently highlighted their commitment to building a substantial Bitcoin reserve, with President Nayib Bukele often sharing updates on social media about ongoing acquisitions. This

Bitcoin

El Salvador Strengthens Bitcoin Security with Multi-Address Strategy to Counter Quantum Threats

El Salvador has taken a bold step to protect its national Bitcoin reserve by redistributing its holdings across multiple wallet addresses, a move designed to safeguard against the emerging threat of quantum computing. The country, which has embraced Bitcoin, is proactively addressing concerns that advanced quantum computing could one day

El Salvador

El Salvador Teases Launch of Worlds First Bitcoin Bank

El Salvador has once again captured global attention, teasing the launch of the world’s first Bitcoin bank. Announced on August 8, 2025, by the nation’s Bitcoin Office via a cryptic post on X, the initiative hints at a financial institution that could reshape how Bitcoin integrates with traditional

Crypto

Bolivia Partners with El Salvador to Expand Crypto Adoption

Bolivia is rapidly emerging as a hub for cryptocurrency adoption, bolstered by a new international partnership with El Salvador. On Wednesday, the Central Bank of Bolivia (BCB) signed a memorandum of understanding with El Salvador’s Comisión Nacional de Activos Digitales (CNAD) to foster the growth of digital assets in

El Salvador

US Senate Targets El Salvador with Sanctions Over Human Rights and Bitcoin Concerns

The U.S. Senate has introduced a significant piece of legislation aimed at addressing alleged human rights violations and potential misuse of Bitcoin by El Salvador’s government. Titled the El Salvador Accountability Act of 2025, the bill was presented in June by Senators Chris Van Hollen, Tim Kaine, and

El Salvador

El Salvador Sees Sharp Decline in Crypto Remittances Amid Policy Shifts

El Salvador’s experiment with cryptocurrency as a tool for economic growth seems to have hit a roadblock, with remittances through digital wallets plummeting nearly 45% in the first four months of 2025. Official data from the Central Reserve Bank (BCR) reveals that the country received just $16 million in

El Salvador

IMF Seeks to Cap El Salvador’s Bitcoin Holdings Amid Bukele’s Push for Growth

The International Monetary Fund (IMF) has taken a firm stance on El Salvador’s Bitcoin reserves, announcing plans to ensure the nation’s government does not increase its crypto holdings. This position, revealed on Tuesday, directly challenges President Nayib Bukele’s ongoing efforts to expand the country’s Bitcoin portfolio.

El Salvador

El Salvador’s Bitcoin Holdings Soar to $644 Million as Crypto Prices Surge

El Salvador’s bold embrace of Bitcoin as a national asset continues to make waves, with the country’s sovereign holdings now valued at over $644 million. The Central American nation, led by President Nayib Bukele, has seen its Bitcoin stash grow by $137 million in just one month, driven

El Salvador

El Salvador Defies IMF with Continued Bitcoin Purchases

El Salvador’s unwavering dedication to Bitcoin as a cornerstone of its economic strategy has taken center stage, even as the nation navigates a delicate financial agreement with the International Monetary Fund (IMF). Despite conditions tied to a $1.4 billion loan that said the country had to scale back

Bitcoin

El Salvador’s Bitcoin Claims Spark Controversy with IMF Agreement

El Salvador’s experiment with Bitcoin has taken a contentious turn, as conflicting narratives have begun to emerge between the government’s public statements and an International Monetary Fund (IMF) representative’s recent remarks. In a video addressing El Salvador’s fiscal policies, the IMF speaker confirmed that the country

El Salvador

El Salvador Proposes Cross-Border Crypto Sandbox to Advance U.S. Tokenization Regulation

El Salvador has put forward a proposal for a cross-border regulatory sandbox in collaboration with the U.S. Securities and Exchange Commission (SEC). The initiative, discussed during an April 22, 2025 meeting between the SEC’s Crypto Task Force, representatives from El Salvador’s National Commission on Digital Assets (CNAD)

El Salvador

El Salvador’s Bitcoin Experiment Struggles as 89% of Registered Businesses Are Inactive

In a striking development from El Salvador’s Central Reserve Bank (BCR), a remarkable 89% of registered Bitcoin service providers in the country are currently non-operational. This finding casts doubt on the success of El Salvador’s bold Bitcoin adoption strategy, which captured global attention in 2021 when the nation

Bitcoin

Trump and Bukele White House Talks Could Spark Bitcoin Policy Breakthroughs

The prospect of a White House meeting between U.S. President Donald Trump and El Salvador’s President Nayib Bukele has stirred excitement among political and cryptocurrency enthusiasts. While no official confirmation has surfaced, Bukele recently dropped a tantalizing hint about a potential visit to Washington, raising questions about what

Artificial Intelligence

Cathie Wood Launches El Salvadors AI Education Program with Inaugural Lecture

El Salvador took a significant step toward becoming a global technology hub with the launch of its new university level AI education program called Cubo AI. The initiative began with an inaugural lecture by Cathie Wood, the CEO of Ark Invest and a leading figure in technology investment. Wood, celebrated

El Salvador

Tracking the Source of El Salvador’s Bitcoin Reserve to Bitfinex

In a surprising twist, a recent blockchain analysis has tracked the origins of El Salvador’s Bitcoin reserve back to a single entity: Bitfinex, a crypto exchange led by Paolo Ardoino and Giancarlo Devasini. According to the findings published by ElSalvador.com, all 6,111 of the 6,114 Bitcoins

Bitcoin

El Salvador Expands Crypto Regulation Reach with New Paraguay Agreement

El Salvador has taken another significant step in its mission to shape the global crypto landscape by signing a regulatory agreement with Paraguay. This move, formalized last Friday, marks the second such partnership El Salvador has secured in the past three months, following a similar deal with Argentina in December.

Bitcoin

El Salvador Halts Bitcoin Accumulation Under New IMF Loan Agreement

El Salvador has agreed to cease accumulating Bitcoin in its national portfolio, marking a significant policy shift as outlined in a comprehensive 111-page report released by the International Monetary Fund on March 3, 2025. This decision comes as part of a $1.4 billion loan agreement with the IMF, reflecting

Artificial Intelligence

El Salvador President Nayib Bukele Meets with A16z to Discuss Bitcoin and AI

El Salvador President Nayib Bukele recently welcomed Ben Horowitz and Marc Andreessen, co-founders of the influential venture capital firm a16z, to Casa Presidencial for a high-stakes discussion on artificial intelligence and investments, including “freedom tech” like Bitcoin. The meeting, confirmed by El Salvador’s National Bitcoin Office, signals the country’

Bitcoin

IMF Greenlights $1.4 Billion Plan for El Salvador with Focus on Bitcoin Control

In a significant move for El Salvador’s economic future, the International Monetary Fund (IMF) Executive Board has approved a 40-month arrangement under the Extended Fund Facility (EFF), unlocking access to approximately $1.4 billion to the country. This decision announced today allows an immediate disbursement of $113 million to

Bitcoin

President Bukele and Michael Saylor Discuss Plans for El Salvador's Bitcoin Strategy

In an important meeting between two great minds, Michael Saylor, the visionary behind Strategy (formerly MicroStrategy), sat down with El Salvador's President Nayib Bukele to discuss the next steps in the nation's Bitcoin adoption strategy. This dialogue underscores El Salvador's continued commitment to integrating

Tether

Tether Plans to Build 70-Story Crypto Hub Skyscraper in El Salvador

Imagine a towering beacon of innovation rising 70 stories high in the heart of El Salvador, a country that’s quickly becoming a haven for tech and crypto pioneers. That’s exactly what Tether, the company behind the $140 billion stablecoin USDT, is planning to bring to life. In a

Bitcoin

El Salvador Changes Bitcoin Legal Tender Policy to Comply with IMF Loan Terms

In a significant policy shift, El Salvador has passed legislation to modify its approach to Bitcoin adoption, aligning with the stipulations of a substantial financial agreement with the International Monetary Fund (IMF). This adjustment comes after a unanimous decision in Congress, reflecting the country's commitment to securing a

Bitcoin

El Salvador Harnesses Volcanic Power for Sustainable Bitcoin Mining

In the heart of Central America, El Salvador has embarked on an innovative venture that intertwines the digital economy with one of nature's most formidable forces: a volcano. This small nation has successfully mined 474 Bitcoins, amassing a value of $29 million, by harnessing the geothermal energy from

Bitcoin

Bitfinex Shifts Derivatives Operations to Bitcoin Friendly El Salvador

In a significant move that underscores the growing acceptance of digital assets, Bitfinex Derivatives exchange has announced its relocation to El Salvador, following the acquisition of a Digital Asset Service Provider (DASP) license in the country in 2023. This strategic shift not only marks a new chapter for the company

El Salvador

El Salvador Doubles Down on Bitcoin Amidst IMF Deal

El Salvador has taken a bold step forward in its embrace of Bitcoin, accelerating its Bitcoin acquisitions just a day after striking a deal with the International Monetary Fund (IMF). This move not only underscores the nation's commitment to Bitcoin but also navigates the tricky waters of international