3 weeks ago
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Nayib Bukele, President of El Salvador, met with Michael Saylor, the co-founder of MicroStrategy, astatine the statesmanlike palace connected Tuesday.
The gathering of Bukela and Saylor was confirmed by the country’s National Bitcoin Office. However, the details of their speech weren’t shared, but some are beardown Bitcoin supporters.
Bukele and Saylor posted photos of their gathering connected societal media, with Saylor mentioning they discussed however El Salvador could assistance velocity up planetary Bitcoin adoption.
Bukele Meets Saylor, Source: XAt the aforesaid time, El Salvador added 1 much Bitcoin to its reserves, bringing its full to 6,077 BTC, worthy astir $590 million. In addition, MicroStrategy conscionable purchased 7,633 BTC, bringing its full to 478,740 BTC, which is worthy implicit $46 billion.
In 2021, El Salvador made Bitcoin ineligible tender but precocious changed its policies to meet conditions for a $1.4 cardinal loan from the International Monetary Fund (IMF). The IMF has been captious of El Salvador’s Bitcoin strategy, informing it could origin fiscal risks.
As portion of the indebtedness agreement, the state is expected to trim immoderate of its Bitcoin-related programs, raising questions astir the aboriginal of its crypto policies.
The gathering whitethorn person covered topics similar Bitcoin adoption, regulatory changes, and concern opportunities. They could person besides discussed El Salvador’s Bitcoin strategy amid IMF conditions and the aboriginal of crypto payments successful the country.
Also Read: Tether is moving its HQ to El Salvador After Securing License
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