El Salvador passes the Bitcoin-Bucly draft bought more in any case-DL news
- Bukele buys more bitcoin, although El Salvador passes a law that limits its official role.
- The country added 52 Bitcoin to its property so far in 2025.
El Salvador continued to add bitcoin to its reserves despite agreeing to expand its encrypted ambitions under a $ 1.4 billion loan deal with the International Monetary Fund.
Since the beginning of 2025, the country has bought 52 Bitcoin, bringing its total holdings to more 6,055 bitcoin At a value of about $ 600 million at current prices.
While the government usually buys bitcoin daily, it acquired two on February 1.
International Monetary Fund dealSigned in December, Al Salvador asked to make Bitcoin acceptance voluntarily to companies, to limit public sector participation to encryption activities, and to ensure exclusive taxes in US dollars.
The government also adhered to gradually reducing its role in the Chivo portfolio, a state -backed encrypted application that was launched in 2021 to encourage Bitcoin.
Legislators Pass Legal amendments last week to comply with these conditions.
Bukele Bitcoin has long been as a tool for financial integration, arguing that it can benefit 70 % of Silvadorians without accessing traditional banking services.
Companies were previously required to accept the encoded currency, a policy that meets resistance from retailers cautious about volatility.
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Despite the pressure of the International Monetary Fund to reduce the role of Bitcoin, the government indicated that it will continue to accumulate Bitcoin.
It was the administration of the agent Buy bitcoin Daily since late 2022, using a medium -cost strategy in dollars.
Kyle Bird is DL newsWeekend Editor. Do you have advice? Email in kbaird@dlNews.com.
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2025-02-02 15:37:00
