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Amr El-Feki
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Bullish
$XRP Breaking News 🚀🌏 🎉
El Salvador lights up Bitcoin Christmas tree 🎉 and its reserves approach 6 thousand coins. 💱
In the spirit of Christmas 2024, El Salvador lit up a huge tree decorated with the symbol $BTC in the heart of the capital San Salvador. This tree reflects the country's pioneering vision in adopting cryptocurrencies, as it blends holiday traditions with its commitment to financial innovation.
In a related context, El Salvador bought 11 Bitcoin $BTC worth more than $ 1 million, boosting its reserves to 5,995 Bitcoin, equivalent to about $ 569.5 million. This move comes after the country received a $ 1.4 billion loan from the International Monetary Fund, despite criticism of its Bitcoin-based financial strategy.
This comes at a time when the International Monetary Fund has imposed strict conditions on El Salvador, the first country in history to adopt Bitcoin as legal tender, including a ban on dealing in cryptocurrencies and stopping the use of the government’s “Chivo” wallet. However, the government has refused to abandon its ambitious vision, and the National Bitcoin Office has confirmed its commitment to long-term plans to adopt the cryptocurrency as a strategic investment. #Xrp🔥🔥
El Salvador lights up Bitcoin Christmas tree 🎉 and its reserves approach 6 thousand coins. 💱
In the spirit of Christmas 2024, El Salvador lit up a huge tree decorated with the symbol $BTC in the heart of the capital San Salvador. This tree reflects the country's pioneering vision in adopting cryptocurrencies, as it blends holiday traditions with its commitment to financial innovation.
In a related context, El Salvador bought 11 Bitcoin $BTC worth more than $ 1 million, boosting its reserves to 5,995 Bitcoin, equivalent to about $ 569.5 million. This move comes after the country received a $ 1.4 billion loan from the International Monetary Fund, despite criticism of its Bitcoin-based financial strategy.
This comes at a time when the International Monetary Fund has imposed strict conditions on El Salvador, the first country in history to adopt Bitcoin as legal tender, including a ban on dealing in cryptocurrencies and stopping the use of the government’s “Chivo” wallet. However, the government has refused to abandon its ambitious vision, and the National Bitcoin Office has confirmed its commitment to long-term plans to adopt the cryptocurrency as a strategic investment. #Xrp🔥🔥
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