CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Defiant 2025-04-26 20:05:10

El Salvador Halts Public Bitcoin Purchases, Eyes Cross-Border Crypto Sandbox, Reports $150 Million Profits

El Salvador has engaged in discussions with the U.S. Securities and Exchange Commission (SEC) to establish a cross-border cryptocurrency sandbox, according to Juan Carlos Reyes, President of the National Commission of Digital Assets (CNAD). The country has been recognized for its substantial Bitcoin holdings and has reportedly made over $150 million in profits from its Bitcoin investments. However, the International Monetary Fund (IMF) confirmed that El Salvador has committed to halting Bitcoin accumulation using public funds by its fiscal sector. This marks a shift in the country's cryptocurrency strategy as part of broader financial reforms. The IMF's announcement indicates that El Salvador will stop using public funds to purchase Bitcoin, signaling a change in its approach to digital asset management. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.