El Salvador Purchased 50 Bitcoin in a Month Amid Changing Laws
El Salvador is one of the most intimate countries in the world. He added 5 BTCs to his Bitcoin reserve on Saturday. In the past month, the country has purchased a BTC worth more than $ 5 million.
This is because Salvador is amending its Bitcoin policy, which is consistent with the conditions set by the International Monetary Fund (IMF).
EL SALVADOR’s Bitcoin accumulation continues to be in the policy adjustment caused by IMF
On February 1, Salvador’s Bitcoin office confirmed the purchase and promoted State’s total reserve About 6,055 BTC, worth more than $ 666 million.
In the past month alone, the government has received approximately 50.42 BTC acquisitions. It has maintained a stable accumulation since 2021 as the legal currency.
However, the country has also been recently Adjust its Bitcoin adjustment frameworkEssence In December 2024, the government and the International Monetary Fund reached an agreement to obtain $ 1.4 billion in loans under the Expansion Fund Facilities (EFF).
In order to meet the terms of this transaction, The government has adjusted the key Bitcoin policyEssence These include providing companies to provide Bitcoin’s options, eliminate taxes in BTC, and gradually eliminate the national Chivo wallets supported by the state.
Considering that the International Monetary Fund has always adopted the Bitcoin of EL SALVADOR, this move is not surprising. The risk of financial stabilityEssence Although these regulatory updates suggest some concessions, the government’s wider Bitcoin strategy is still intact.
In December last year, Stacy Herbert, director of the National Bitcoin Office, hinted Bitcoin accumulation plan. She also emphasized measures to enhance Bitcoin education and public sector training.
Government officials reiterated her position earlier this year explainThe
“El Salvador will continue to purchase Bitcoin for its strategic Bitcoin reserves (may be at a speed of acceleration, the price is the discount price).”
It’s not surprising, El Salvador’s Pro-Bitcoin position has attracted professionalism Encryption company To its coast. Stablecoin Issuer The line has recently relocated the headquarters In the country, under the leadership of the President of Nayib Bukele, it is attributed to its favorable regulatory climate.
Soon after, Buckley encourages Rumble CEO Chris Pavlovski Consider moving his company to Salvador.
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