- Currently, the El Salvador government has 6,055 BTC with a value of more than $ 612 million.
- The country has made a $ 1.4 billion deal with the International Monetary Fund as part of the deal to make BTC optional payments.
El Salvador makes waves in the encryption market to buy two additional bitcoin in one day. According to the Bitcoin Strategic Reserve Initiative, the country buys BTC one daily, but the country has recently increased the acquisition rate.
Recently, the country has canceled Bitcoin’s legal giving due to the pressure of the International Monetary Fund (IMF). This news collected tremendous criticism from the encryption community. Currently, the El Salvador government has 6,055 BTC, which is worth more than $ 612 million and has gained more than fifty bitcoin currencies last month.
Bitcoin is no longer a legal currency in El Salvador
El Salvador was the first country to adopt Bitcoin as a legal tendency and is now the first to cancel his status as a legal currency. This decision comes after two years of pressure from the International Monetary Fund (the International Monetary Fund).
The country has signed a $ 1.4 billion deal with the International Monetary Fund as part of the deal in which they must make BTC payments optional, reduce its participation in the encryption space, and make a special Chivo portfolio.
The nation bought more than eleven bitcoin currencies at a price of one million dollars, just one day after the finishing touches on the International Monetary Fund deal. Stacy HerbertThe director of the National Bitcoin Office in El Salvador recently stated that El Salvador will increase the speed of BTC.
She said:
“As I said above, El Salvador still finds Bitcoin in the strategic bitcoin reserves. This is just the beginning. We have a lot in the store for 2025.”
the The National Bitcoin Office has been purchased 12 BTC on January 19. Bitcoin supporters were praised, and the attention of experts and encryption companies was attracted. Through all this Salvador indicates that they will constantly dominate the Bitcoin adoption race and contribute to the innovative journey of the encryption space.
The news of the encryption was highlighted today:
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