In order to accept a $1.4 billion loan from the IMF, El Salvador had to change some of its cryptocurrency laws.

The country, he continued, has no intention of selling its bitcoin. El Salvador's holdings were accumulated at an average price of $44,292. In total, the country has 2,381 bitcoins in its treasury.

"If a person has assets in bitcoin and makes high profits, there will be no tax. This (is done) obviously to encourage foreign investment.” “There will be no taxes to pay on either the capital ...

Four years after becoming the first country to adopt bitcoin as legal tender, El Salvador is taking a step back. The Legislative Assembly has approved changes to the country's Bitcoin Law ...

El Salvador adds 50 BTC to its reserves while adjusting Bitcoin policies to meet IMF loan conditions, reinforcing its commitment to Bitcoin adoption. El Salvador has added 50 BTC to its reserves ...

the crypto industry has largely celebrated the country’s Bitcoin adoption: “President Nayib Bukele has positioned El Salvador as a crypto trailblazer, not only by adopting Bitcoin as legal ...

Visiting El Salvador ... of bitcoin transactions at this chain in the country and felt confident this coffee shop would our sats. “Two cappuccinos and two chocolate muffins please,” we said. “We will ...

SAN SALVADOR (Reuters) - El Salvador's Congress on ... policies from Washington, have sent bitcoin's value to record highs. Bukele's government has recently indicated it will continue buying ...

Since then, El Salvador has constituted a bitcoin reserve worth roughly $630 million, established one of the most advanced crypto regulatory frameworks in the world, promised to issue $1 billion ...