International Monetary Fund to Assist El Salvador in Compiling Bitcoin Adoption Statistics

The International Monetary Fund has mentioned it is providing technical assistance to the government of El Salvador in various ways. According to Gerry Rice, a spokesperson for the organization, the group is having talks with people of the Salvadoran government about tax and money laundering matters, including critical issues that the IMF raised in earlier reports. International Monetary Fund in Talks With El Salvador While the International Monetary Fund disagreed with the move that El Salvador made last year by declaring bitcoin as legal tender, it is still…

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El Salvador President Nayib Bukele Bitcoin Legal Tender 2022

[ad_1] On New Year’s Day 2022, El Salvador President Nayib Bukele tweeted out his predictions for Bitcoin this upcoming year, making some very bold bets. Seemingly the biggest prediction out of the six he made is that “2 more countries will adopt it as legal tender.” El Salvador became the first country to make BTC legal tender on September 7, 2021, sparking a revolution that caught the attention of many other world leaders. This is a very interesting prediction especially after El Salvador’s ambassador to the United States Milena Mayorga…

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El Salvador Now Owns 700 Bitcoin as President Bukele Buys Price Dip

[ad_1] El Salvador’s President Nayib Bukele confirmed via Twitter Monday that the Latin American nation has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market. The price of Bitcoin was around $45,700 dollars at the time of Bukele’s tweet announcing the purchase, down from highs near $50,000 earlier in the week. On September 6, the day before Bitcoin was officially declared legal tender in El Salvador, the president announced that the country bought its first 400 BTC, at…

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