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According to Lionguard Labs, the new Chivo wallet will offer Salvadorans a comprehensive suite of services, including wallet-activity-supported microloans, cash advances, free remittances, and crypto card payments. Former Visa and…
According to the country’s Bitcoin Office, the one-bitcoin-a-day accumulation strategy has continued, even after the IMF stressed that the country had not met the criteria for public-sector crypto holdings under…
The International Monetary Fund has approved a disbursement worth SDR 101.96 million ($138 million) for El Salvador after granting the government a waiver for its failure to meet a condition…
The IMF praised El Salvador’s performance, declaring that its economy continued to perform strongly amidst ongoing security improvements and efforts to reduce imbalances. Nonetheless, the institution highlighted that the bitcoin…
El Salvador’s National Bitcoin Office has dismissed reports that the country is pivoting to stablecoins, calling it “fake news,” and confirmed it has no plans to launch or run any…
El Salvador has significantly reduced public participation in its Chivo e-wallet as part of changes to the government’s involvement in Bitcoin, according to the International Monetary Fund. The IMF said…
President Nayib Bukele denied claims that El Salvador was ceding control of its strategic bitcoin reserve to a private operator, calling these allegations “totally false.” Bukele stressed that only Chivo…
After the second and third reviews of a $1.4 billion ongoing extended fund facility, the IMF reported that it had reviewed documentation linking El Salvador’s bitcoin purchases to private donations.…
El Salvador added another bitcoin to its national reserve this week, pushing its stash to 7,762 BTC even as the International Monetary Fund (IMF) continues urging the government to stop…
Jon Atack, a longtime Bitcoin Core contributor, commented on the declining level of adoption of bitcoin payments in El Salvador. During a lunch in El Zonte, AKA Bitcoin Beach, Atack,…