The Salvadoran government has urgently passed a major amendment to its bitcoin legislation, abandoning the requirement for companies to accept BTC as a means of payment. This reform comes as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF).
In 2024, cryptocurrencies reached a significant milestone with their increasing integration into global financial systems. This year was marked by major initiatives driven by ambitious regulations and large-scale strategic projects. In the United States, the potential adoption of the Bitcoin Act paved the way for discussions on the role of cryptocurrencies in economic sovereignty. In Europe, the MiCA regulatory framework established unprecedented rules to stabilize markets and protect investors. At the same time, Latin America emerged as a key player, with innovative partnerships like that of El Salvador and Argentina, consolidating their position in the face of local economic challenges. These advancements reflect a global movement in favor of the adoption of these assets and outline a new trajectory for the crypto industry and its future implications.
In the global financial landscape, few nations dare to adopt a strategy as bold as that of El Salvador. Under the leadership of its president Nayib Bukele, this Central American country is establishing itself as a pioneer in cryptocurrency adoption. With the achievement of the symbolic milestone of 6,000 BTC accumulated, El Salvador is not only strengthening its commitment to Bitcoin but also aims to transform this cryptocurrency into a cornerstone of its economic and diplomatic strategy. This unprecedented bet sparks both admiration from proponents of decentralized finance and criticism from international institutions, which warn against the risks associated with such exposure.
El Salvador buys 11 Bitcoin after a $1.4 billion loan from the IMF. A daring strategy despite restrictions. Details here!
Salvador recently announced a strategic partnership with Argentina to strengthen crypto regulation. This collaboration is part of a broader initiative by El Salvador to establish similar agreements with over 25 countries.
Is El Salvador going to abandon its law requiring all businesses to accept bitcoin? That is what the IMF is demanding in exchange for its loans.
The boldness of a country defying doubt: Bitcoin surpasses $100,000, and El Salvador raises $300 million, smiling in the face of skepticism.
El Salvador continues its Bitcoin revolution with an ambitious certification program for its officials, while Argentina closely monitors this pioneering experience. This unprecedented collaboration could redefine the economic future of Latin America.
A historic investment of $1.6 billion to develop El Salvador's "Bitcoin City"!
Bitcoin: El Salvador will soon find itself alongside Germany with its daily purchases! In this article, we explain why.
For the past few days, the government's bitcoin program in El Salvador has been the target of serious cyber attacks. A few days ago, hackers leaked the personal data of over 5 million Salvadorians. The same cyber criminals have now published extracts of the source code and VPN access to the national bitcoin wallet Chivo on CiberInteligenciaSV, an online hacking forum. Details.