The Worldwide Financial Fund confirmed that El Salvador is shifting towards promoting its government-run Chivo pockets as a part of a $1.4 billion mortgage settlement. Conflicting reviews exist relating to the nation’s Bitcoin purchases, with the IMF claiming shopping for paused in 2024 whereas the Salvadoran authorities reviews ongoing dayContinue Reading
The new law allows banks with over US$50 million capital to offer cryptocurrency services. It targets “sophisticated investors” holding more than US$250,000 in liquid assets, including Bitcoin. Licensed institutions can hold Bitcoin, issue tokens, and create regulated crypto-linked investment products. El Salvador’s National Assembly has passed the Investment Banking Law,Continue Reading
Bolivia’s Central Bank (BCB) signed an agreement with El Salvador’s National Commission for Digital Assets (CNAD) to leverage El Salvador’s expertise in crypto regulation and integration. This partnership seeks to modernise Bolivia’s financial system as the Bolivian currency faces pressure. The agreement establishes a framework for ongoing cooperation without aContinue Reading
