El Salvador Acquires 50 BTC Amid IMF Policy Adjustments
El Salvador has acquired 50 BTC in the last month, increasing its total Bitcoin holdings to approximately 6,055 BTC, valued at over $606 million.
- Continues Bitcoin accumulation strategy despite regulatory adjustments for IMF compliance.
- Recent purchases align with a $1.4 billion loan agreement with the IMF.
- Policy changes include making Bitcoin acceptance optional and removing tax payments in BTC.
- Government phases out the state-backed Chivo wallet.
- Stacy Herbert of the National Bitcoin Office indicated plans for accelerated Bitcoin acquisitions.
- Tether moved its headquarters to El Salvador, citing a favorable regulatory environment.
- President Nayib Bukele encourages other firms to relocate to El Salvador.
El Salvador's commitment to Bitcoin adoption remains integral to its economic strategy while attracting major players in the crypto industry.