IMF urges El Salvador to remove Bitcoin’s status as legal tender
According to the IMF's executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity and consumer protection.
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IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet
The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender…
El Salvador Buys 410 Bitcoins as BTC Plunges to Lowest Level in Months
El Salvador bought the dip as the price of bitcoin plunged to a record low. President Nayib Bukele said Friday that his country has purchased 410 more bitcoins. The Salvadoran…
El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs
The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a…
El Salvador buys its cheapest 410 Bitcoin as prices reach $36k
President Nayib Bukele confirmed that the purchase of 410 BTC was made against $15 million, placing the trading price at approximately $36,585 per BTC.
El Salvador explores low-interest loans backed by Bitcoin
The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country.
Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament
The Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to…
Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet
Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to users in the country. Jack Mallers, CEO of Strike, explained that his objective for bringing…
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