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Key Takeaways El Salvador expanded its Bitcoin holdings by $100 million as prices pulled back. Bitcoin has been legal tender in El Salvador since 2021. Share this article El Salvador added 1091 Bitcoin worth over $100 million today as the crypto asset experienced a market dip. The Central American nation has maintained its strategy of … Read more
Key Takeaways The Central Reserve Bank of El Salvador has increased its total gold holdings to 58,105 troy ounces from 44,106 troy ounces. Gold and silver prices recently reached record highs amid economic and political volatility. Share this article El Salvador’s Central Reserve Bank (BCR) announced on Thursday that it had acquired 13,999 troy ounces … Read more
Key Takeaways El Salvador is relocating its Bitcoin reserves to several new addresses. The move is aimed at strengthening the security of the National Strategic Bitcoin Reserve against future technological risks. Share this article El Salvador has begun redistributing its national Bitcoin reserve across multiple fresh, unused addresses as part of a strategy to boost … Read more
The Bitcoin News today opened with El Salvador’s Legislative Assembly passing the Investment Banking Law, establishing rules for financial institutions that cater exclusively to high-net-worth and institutional clients. The bill passed in the 68th plenary session with 55 votes. El Salvador’s new law enforces a $50 million share capital floor, prohibits crossover with commercial banking, … Read more
Key Takeaways El Salvador’s new law allows investment banks to offer Bitcoin and digital asset services to sophisticated investors with at least $250,000. Investment banks can become digital asset service providers and issuers, operating separately from commercial banks. Share this article El Salvador’s Legislative Assembly has approved a sweeping Investment Banking Law that will create … Read more
Key Takeaways El Salvador may soon introduce Bitcoin banks, further expanding its commitment to crypto adoption. Specific details regarding the timeline or structure of the Bitcoin banks were not disclosed in the announcement. Share this article El Salvador may be on the verge of launching its first Bitcoin banks, the National Bitcoin Office (ONBTC), the … Read more
NEWYou can now listen to Fox News articles! Democratic Senators Chris Van Hollen, D-Md., Tim Kaine D-Va., and Alex Padilla, D-Calif., introduced legislation on Thursday to hold Salvadoran President Nayib Bukele and other Salvadoran leaders “accountable” for their alleged human rights abuses and for the country’s “collusion with the Trump administration to imprison people from … Read more
El Salvador is defiant and continues to accumulate more Bitcoin despite IMF restrictions. Will a BTCUSDT rally to $120,000 and $500,000 vindicate President Nayib Bukele? El Salvador made history when it became the first country to legitimize Bitcoin, adopting it as an official legal tender. Since endorsing Bitcoin, El Salvador has attracted major corporations, including … Read more
The White House ripped Rep. Glenn Ivey, D-Md., for making a “shameful” Memorial Day trip to El Salvador in an attempt to visit deported illegal immigrant and suspected MS-13 gang member Kilmar Abrego Garcia. The White House’s rapid response account said of Ivey’s trip, “This moron spent his Memorial Day trying (and failing) to visit … Read more
A United States Customs and Border Protection request for information this week revealed the agency’s plans to find vendors that can supply face recognition technology for capturing data on everyone entering the US in a vehicle like a car or van, not just the people sitting in the front seat. And a CBP spokesperson later … Read more
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