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El Salvador added 1,090 BTC to its holdings on Monday evening, marking the largest single-day acquisition the country has ever made.According to its Bitcoin Office, the country acquired around $100 million worth of bitcoin at 6:01 p.m., eastern time. This purchase brought its total holdings to 7,474…
My First Bitcoin, a Bitcoin education program founded in El Salvador, has ended its collaboration with the country’s Ministry of Education and will transition from running local classes to supporting global Bitcoin education initiatives. The organization has educated more than 27,000 students in per…
El Salvador’s Bitcoin Office is celebrating “Bitcoin Day,” the anniversary of the Bitcoin legal tender law taking effect in September 2021.The Bitcoin Office highlighted the country’s Bitcoin strategic reserve, which now holds 6,313 BTC, valued at over $702 million, and the new banking law, which a…
El Salvador has overhauled the structure of its Bitcoin treasury, moving away from a single wallet system to a diversified model.On August 30, the National Bitcoin Office confirmed that it will store the reserves across several addresses, each holding no more than 500 BTC.Why El Salvador is Shifting…
El Salvador's assembly approved a new law that will let large financial institutions apply for a license to offer financial services denominated in Bitcoin and other digital assets to "sophisticated investors." The law allows financial institutions with at least $50 million in capital to qualify as …
El Salvador made history in 2021 as the first nation to adopt Bitcoin as legal tender. By 2025, the country has shifted toward a more regulated and voluntary framework for cryptocurrency, balancing innovation with international financial obligations and domestic realities.Table of contentsEl Salvado…
El Salvador’s legislature approved sweeping constitutional changes, including allowing indefinite presidential reelection, effectively enabling President Nayib Bukele to remain in power beyond his current term.The package of five reforms, passed in a 57–3 vote by Bukele’s New Ideas party and allies,…
El Salvador, the world’s first country to adopt Bitcoin as legal tender, has continued buying the cryptocurrency despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that included provisions discouraging further accumulation.The government’s treasury wallet currently hold…
Officials with the US Securities and Exchange Commission’s (SEC) crypto task force met with the El Salvador National Commission on Digital Assets (CNAD) to discuss regulation and a proposed cross-border sandbox.In an April 22 memo, the SEC’s crypto task force reported meeting with officials from El …
A UK crypto broker reportedly jumped 30 feet from a balcony to escape kidnappers who were threatening to torture and kill him for his crypto.According to a Feb. 9 report from UK media outlet Metro, three British men have been arrested over the kidnapping. The broker reportedly accepted an invitation…
El Salvador has again stocked up its growing Bitcoin reserve, buying 12 Bitcoin in the last day amid a dip in the crypto markets.The country bought 11 Bitcoin on Feb. 4 for just over $1.1 million, an average price of $101,816 per Bitcoin. It later purchased an additional 1 BTC for $99,114, accordin…
El Salvador has rescinded Bitcoin’s status as a full legal tender in order to close a deal with the International Monetary Fund (IMF), leaving Bitcoin advocates split over what this means for adoption in the country.The changes came amid tense negotiations with the IMF in which El Salvador sought t…