El Salvador
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El Salvador Adds 11 Bitcoin to Its Reserves Despite IMF Deal to Limit Adoption
- January 21, 2025
- Posted by: newworldfinance
- Category: Crypto
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El Salvador’s Bitcoin Office announced on Jan. 20 that it has added 11 BTC to its Strategic Bitcoin Reserve. At current prices, this addition is worth over $1 million. The move comes shortly after the country promised the International Monetary Fund (IMF) that it would limit its Bitcoin adoption in exchange for a $1.4 billion loan.
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Tether Relocates to El Salvador Amid Growing Crypto Ties
- January 14, 2025
- Posted by: newworldfinance
- Category: Crypto
Stablecoin issuer Tether has announced plans to move its headquarters and subsidiaries to El Salvador, following its acquisition of an operating license as a digital asset service provider and stablecoin issuer in the country.
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El Salvador Defies IMF, Vows to Keep Buying Bitcoin
- December 20, 2024
- Posted by: newworldfinance
- Category: Crypto, Finance
El Salvador Defies IMF, Vows to Keep Buying Bitcoin