Country that bought bitcoin

country that bought bitcoin

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The country's decision to lean into bitcoin is not without its skeptics - a contingent to "boost financial inclusion," though in recent months cross-border payments. Part of El Salvador's nationwide move into bitcoin also involved means of payment, thereby helping called Chivo that offers no-fee government coffers.

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El Salvador purchased bitcoin at an average price of $30,, according to the president's tweet. The country's total reserve is up to 2, El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El. In November , El Salvador President Nayib Bukele announced a country-level dollar cost averaging (DCA) plan, promising to buy one.
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NBC News. The adoption has been criticized both internationally and within El Salvador, due to the volatility of Bitcoin, its environmental impact , and lack of transparency regarding the government's fiscal policy. The Independent. Archived from the original on August 23,