Search results for El Salvador
Crypto
IMF praises El Salvador economy, presses to stop buying bitcoin
The International Monetary Fund approved a $139 million disbursement for El Salvador but reaffirmed that the government should further scale back bitcoin-related activities. The IMF said economic activity was stronger than expected, supported by improved security and a recovery in investor confidence, and that macroeconomic imbalances were continuing to ease. It also said some performance criteria were not met, particularly on bitcoin accumulation, while it expects no further accumulation beyond documented donations.
Crypto
Coinbase-based Sivar launches for U.S.-El Salvador remittances at $2
Sivar, a stablecoin-based service supporting remittances between El Salvador and the United States, has launched nationwide. Modveon said it develops, operates and expands the service under a five-year contract with El Salvador public agency AAB. Coinbase provides the payments infrastructure, with transactions settled in stablecoins on Ethereum layer-2 Base. Remittances carry a flat $2 fee, with a $25 minimum. Accounts differ over direct government operation.
Crypto
IMF says El Salvador bitcoin increase came from private donations, not government funds
El Salvador’s increased bitcoin holdings after entering an International Monetary Fund financial support programme were obtained through private donations rather than government funds, the IMF said. It said verification of data submitted by Salvadoran authorities showed no additional purchases using public resources after the first review. The IMF also said control of the Chivo e-wallet was transferred to a private operator, and it expected no further bitcoin accumulation beyond confirmed donations.
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Crypto
Countries with high Bitcoin holdings share weak banking systems
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Crypto
El Salvador\'s \'Bitcoin Beach\' sees just one BTC payment in a month, witness says
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Crypto
Five years on, was El Salvador\'s bitcoin legal tender experiment a failure?
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Crypto
Strike founder Jack Mallers steps down as Twenty One CEO, merger plan halted
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Crypto
New Hampshire considers $100 million bitcoin-backed bond issue
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Crypto
Nepal crypto trading rises despite ban; IMF urges faster regulation
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Crypto
El Salvador keeps buying bitcoin five years on despite IMF pressure
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Crypto
30 percent of bitcoin at risk of quantum exposure, Glassnode says address reuse key
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Crypto
Mt Gox, China regulation and FTX: moments that fueled \'Bitcoin is dead\' calls
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Crypto
El Salvador\'s Bukele tops global leader approval rankings at 94 percent
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Crypto
Bhutan sells another 319 bitcoins, holdings down 70 percent
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Crypto
U.S. SEC approves Nasdaq stock tokenisation plan as Wall Street drives blockchain
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Crypto
Tether plans to hire 150 over next 18 months as expansion accelerates
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Crypto
U.S. Treasury secretary says crypto cannot be regulated without bill as Coinbase-Congress row deepens
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Crypto
Amboss unveils Lightning Network-based P2P platform RailsX