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IMF-El Salvador Deal Bitcoin Compliance Goals Broken: Chivo Wallet Involved
18.7.2025
The latest report issued by the IMF on the compliance of El Salvador’s actions with the guidelines established in the $1.4 billion credit facility deal approved in February revealed that Chivo Wallet led the nation to miss the bitcoin non-accumulation quotas. Bitcoin Non-Accumulation Compliance...
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
28.12.2024
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC
El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal
19.12.2024
The country's concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
7.10.2024
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does...
Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador
24.9.2024
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January...
El Salvador’s Chivo Wallet Has Not Presented Any Financial Balances Since Its Creation
2.8.2024
Chivo Wallet, the official Bitcoin wallet of the Salvadoran government, has been operating without presenting any of its financial balances to the National Registry Center (CNR). While Chivo is a private company managed by El Salvador’s government and is not legally required to disclose...
Latam Insights: Venezuela to Leverage USDT for Sidestepping Sanctions, Chivo Wallet Disregards Hacking Allegations
29.4.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality...