Salvador
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El Salvador President to Maintain Bitcoin Strategy After Re-election
The first cryptocurrency will remain legal tender in El Salvador during President Nayib Bukele's second term. This was stated by Deputy Head of State Felix Ulloa in an interview with Reuters.
According to the vice president, the decision was made contrary to the demand of the International Monetary Fund (IMF) for a âreviewâ of monetary policy. Then the organization became concerned about El Salvadorâs plans to issue Bitcoin bonds worth $1 billion and refused to issue a corresponding loan.
Ulloa emphasized that the emergence of spot ETFs based on digital gold in the United States only strengthens the current governmentâs resolve regarding cryptocurrencies.
âNot only will [the law] be preserved. He is the most trusted person in the entire world at the moment,â he added.
After winning the presidential election, as most polls indicate, Bukele and his New Ideas party intend to move ahead with plans to issue Bitcoin-backed bonds and build a tax-free Bitcoin City.
#Bitcoin #BTCđ„đ„ #BTCUSD #Salvador
$BTC
The first cryptocurrency will remain legal tender in El Salvador during President Nayib Bukele's second term. This was stated by Deputy Head of State Felix Ulloa in an interview with Reuters.
According to the vice president, the decision was made contrary to the demand of the International Monetary Fund (IMF) for a âreviewâ of monetary policy. Then the organization became concerned about El Salvadorâs plans to issue Bitcoin bonds worth $1 billion and refused to issue a corresponding loan.
Ulloa emphasized that the emergence of spot ETFs based on digital gold in the United States only strengthens the current governmentâs resolve regarding cryptocurrencies.
âNot only will [the law] be preserved. He is the most trusted person in the entire world at the moment,â he added.
After winning the presidential election, as most polls indicate, Bukele and his New Ideas party intend to move ahead with plans to issue Bitcoin-backed bonds and build a tax-free Bitcoin City.
#Bitcoin #BTCđ„đ„ #BTCUSD #Salvador
$BTC
đžđ» El #Salvador releases new website that keeps track of their National $BTC đ° Treasury. #BTCholders
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El Salvador's Bitcoin (BTC) Profit Increases More Than 40%
If El Salvador were to sell all of its Bitcoin (BTC) reserves today, the country could make a profit of $60 million
El Salvador's unrealized gains from Bitcoin investments increased by 40%. However, the authorities do not intend to sell off assets. The president of the country, Nayib Bukele, wrote about this on X (formerly Twitter), who remains bullish on BTC.
#Salvador #Bitcoinï»ż #BTC⏠#Write2Earn #TrendingTopic
$BTC
If El Salvador were to sell all of its Bitcoin (BTC) reserves today, the country could make a profit of $60 million
El Salvador's unrealized gains from Bitcoin investments increased by 40%. However, the authorities do not intend to sell off assets. The president of the country, Nayib Bukele, wrote about this on X (formerly Twitter), who remains bullish on BTC.
#Salvador #Bitcoinï»ż #BTC⏠#Write2Earn #TrendingTopic
$BTC
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El Salvador: Pioneer in the Adoption of Cryptocurrencies as Legal Tender
$BTC $ETH $BNB
El Salvador became the first country to adopt cryptocurrencies as legal tender, marking a historic milestone in global financial evolution. This bold move opens up new opportunities for economic growth, financial inclusion, and technological innovation.
Background:
El Salvador, with a growing economy and a young and technologically advanced population, has been exploring alternatives to boost its economic development. The adoption of cryptocurrencies as legal tender is an innovative strategy to attract investment, encourage e-commerce and improve efficiency in financial transactions.
El Salvador became the first country to adopt cryptocurrencies as legal tender, marking a historic milestone in global financial evolution. This bold move opens up new opportunities for economic growth, financial inclusion, and technological innovation.
Background:
El Salvador, with a growing economy and a young and technologically advanced population, has been exploring alternatives to boost its economic development. The adoption of cryptocurrencies as legal tender is an innovative strategy to attract investment, encourage e-commerce and improve efficiency in financial transactions.
