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El Salvador purchased 11 Bitcoin only a day after reaching a $1.4 million IMF loan deal that called to reduce public sector engagement in “Bitcoin-related economic activities.” Go to Source
The International Monetary Fund (IMF) reached an agreement with the government of El Salvador to provide a $1.4 billion credit facility to fund the country’s reform agenda. In exchange, El Salvador agreed to scale back bitcoin’s economic involvement to mitigate risks derived from its implementation. El Salvador to Receive $1.4 Billion Credit From the IMF, … Read more
El Salvador’s struck a loan deal with the IMF and will make Bitcoin acceptance voluntary and roll back government involvement in Bitcoin-related projects. Go to Source
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. This edition examines how El Salvador might leverage its newfound gold reserves to increase its bitcoin stash, becoming richer in just one trade. Latam Insights Encore: El Salvador Might Follow Michael Saylor’s Playbook, Using Gold … Read more
Bitget, a South Africa-based cryptocurrency exchange, has recently announced that it received a Bitcoin Service Provider (BSP) license in El Salvador, opening the doors to start operating locally. This milestone allows the company to “offer services such as bitcoin-to-fiat currency exchanges, bitcoin payment facilitation, and secure bitcoin custody solutions for its clientele,” according to a … Read more
El Salvador has authorized Bitget to provide Bitcoin services in the country. The exchange is now seeking further approval to support more tokens. Go to Source
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, El Salvador could make a gold-to-bitcoin power trade, Argentina opens up to foreign crypto ETF opportunities, and Brazil might scale back its stablecoin self-custody ban provision. El Salvador Discovers $3 Trillion … Read more
The CNV, the current VASP regulatory institution in Argentina, has signed a collaboration agreement with the Digital Asset National Commission (CNAD) of El Salvador to exchange information, supervise, and regulate cryptocurrency exchange operations. Argentina to Lean on El Salvador’s Experience in the Digital Asset Regulation Field President Javier Milei’s administration seems adamant about establishing clear … Read more
El Salvador partners with Argentina to strengthen the digital assets industry, with talks underway with over 25 nations for similar partnerships. Go to Source
El Salvador’s potential $3 trillion gold discovery has sparked debates over mining bans, sustainability, and the possibility of increased bitcoin investments, potentially reshaping the nation’s future. El Salvador’s $3T Gold Discovery Sparks Calls to Monetize Gold for Bitcoin Salvadoran President Nayib Bukele has highlighted the potential of El Salvador’s untapped gold reserves, estimating their value … Read more
