On Wednesday, Bolivia’s central bank announced that it had signed a formal agreement with El Salvador’s digital asset regulator, marking a significant step toward developing a legal and technical framework for cryptocurrency adoption in the Andean nation. The Central Bank of Bolivia (BCB) and El Salvador’s Comisión Nacional de Activos Digitales (CNAD) will collaborate on … Read more
El Salvador is reportedly in a tense situation with the International Monetary Fund (IMF) for merging Bitcoin with its core financial system. Bitcoin, the oldest and the most expensive cryptocurrency, is accepted as a legal currency in El Salvador alongside the US Dollar, which is the nation’s fiat currency. This financial dalliance of El Salvador … Read more
The International Monetary Fund (IMF) published a report on Tuesday about its ongoing loan agreement with El Salvador, claiming that the Central American country has not bought any new Bitcoin (BTC) since signing the agreement in December 2024. El Salvador’s Chivo Bitcoin wallet “does not adjust its Bitcoin reserves to reflect changes in clients’ Bitcoin … Read more
Argentinean officials are in dialogue with their counterparts from El Salvador to gain a deeper understanding on strategies and experiences in adopting Bitcoin. Last week, senior leadership of the Argentinian National Securities Commission (CNV) met with El Salvador’s National Digital Assets Commission (CNAD) to assess the impact of adopting Bitcoin on the economy over the … Read more
Ocean Mining, a Bitcoin mining pool backed by Block head Jack Dorsey, has established its global headquarters in El Salvador. The country’s pro-crypto policies are what attracted this crypto mining pool to move there. Crypto mining operations are known to be very power intensive, which has led to several nations discouraging and even banning these … Read more
El Salvador is preparing to upskill thousands of its civil servants as part of a drive aimed at making the government’s workforce more familiar with Bitcoin-related technology. Over 80,000 Salvadoran civil servants will be trained in efficiently using Bitcoin technology. Upon completion of the training, these officials will be provided with a certification. El Salvador … Read more
The International Monetary Fund (IMF) has reiterated its concerns about El Salvador’s extensive engagement with Bitcoin. The topic was addressed by IMF spokesperson Julie Kozack during a press conference on Thursday. The organisation has been consistent in cautioning the country about the risks of crypto activity given the volatile nature of virtual digital assets. At … Read more
Tether, the issuer of the USDT stablecoin, has decided to move its headquarters from the British Virgin Islands to El Salvador. The development comes after Tether recently acquired the licence of a virtual asset service provider (VASP) in the Central American country. The Web3 firm aims to make the adoption of blockchains and digital assets … Read more
El Salvador is introducing reforms to the use of Bitcoin in its financial and industrial sectors. The Central American country has agreed on a deal with the International Monetary Fund (IMF) to receive a loan of $1.4 billion (roughly Rs. 12,130 crore). As part of the agreement between the IMF and El Salvador, the government … Read more
Senior Bitcoin developer Jon Atack was arrested in El Salvador over the weekend following a dispute with a neighbor, sparking an online flurry of concern before he was freed about an hour later. Atack, who contributes to Bitcoin Core, posted on microblogging platform X that police confiscated his phone and passport, cutting him off from … Read more