El Salvador owns 6,102 bitcoin, valued at around $550m, including unrealised gains of $250m or so ... Gains in financial inclusion and from more efficient payments are meagre at best: the currency ...

El Salvador announced on Wednesday the purchase of a bitcoin, which takes the total in the country's strategic reserve to above 6,102 coins, the National Bitcoin Office posted on social media.

Despite the lack of clarity, it removes, at the IMF’s insistence, the obligation to accept it in transactions or debt payments, a key condition for it to be “legal tender,” according to economic ...

SAN SALVADOR (Reuters) - El Salvador announced on Wednesday ... cryptocurrency's status in the Central American country. Bitcoin cannot be used to pay taxes and its acceptance by the public ...

Some of those measures included making Bitcoin payments voluntarily and making tax payments in US dollars. El Salvador currently holds 6,101 Bitcoin worth $534.5 million, according to data from ...

Acceptance of Bitcoin will be voluntary, tax payments will be made in US dollars ... the deal aims to address the potential risks of El Salvador’s Bitcoin project in line with the “fund ...

but it cannot be used to pay taxes or state bills. President Nayib Bukele admitted that introducing Bitcoin as an official currency alongside the US dollar in September 2021—the world’s first such ...

In 2021, El Salvador caught the world's attention by becoming the first country to make cryptocurrency legal tender, alongside the US dollar. Last December, as the price of bitcoin broke $100,000 ...

The app’s easy-to-use interface ensures a seamless experience for users, while its integration of Bitcoin as a payment option taps into the growing cryptocurrency trend in the country. By embracing ...

El Salvador isn’t backing down from Bitcoin just yet. Despite agreeing to an International Monetary Fund (IMF) loan deal that restricts government Bitcoin purchases, President Nayib Bukele says ...

'It won't stop now, and it won't stop in the future,' Bukele said of his country's Bitcoin purchases The IMF said Monday that under the financing package, El Salvador ...