Crypto News

This bold move has not only solidified the country's position as a leader in the adoption of digital assets, but it has also caught the attention of the global crypto community. Increasing National Bitcoin Holdings Since the passing of the Bitcoin Law in El Salvador in June 2021, the country has been making significant strides in integrating Bitcoin into its economy. One of the key initiatives has been the consistent purchase of Bitcoin by the government. This has been made possible through the development of the Chivo digital wallet, which allows citizens to receive $30 worth of Bitcoin upon registration. The government then converts this amount into US dollars, and purchases one Bitcoin daily. Impact on Crypto Markets The news of El Salvador's daily Bitcoin purchases has had a significant impact on the crypto markets. As one of the first countries to fully embrace Bitcoin, El Salvador's actions have been closely followed by investors and traders. This has led to ...