El Salvador’s Central Reserve Bank has acquired nearly 14,000 troy ounces of gold worth $207.4 million, marking its first gold investment since 1990 as it pauses Bitcoin accumulation. This strategic shift aims to diversify the country's international reserves, aligning with IMF recommendations amid legislative reforms that redefine Bitcoin as a financial asset. Meanwhile, El Salvador remains profitable on its Bitcoin holdings and enhances security measures against future quantum computing threats. The government continues to explore crypto adoption through regulatory initiatives in collaboration with U.S. regulators.
Continue to read El Salvador Expands Reserves with Strategic Gold Purchase Amid Bitcoin Buying Pause
El Salvador’s Central Reserve Bank has acquired nearly 14,000 troy ounces of gold worth $207.4 million, marking its first gold investment since 1990 as it pauses Bitcoin accumulation. This strategic shift aims to diversify the country's international reserves, aligning with IMF recommendations amid legislative reforms that redefine Bitcoin as a financial asset. Meanwhile, El Salvador remains profitable on its Bitcoin holdings and enhances security measures against future quantum computing threats. The government continues to explore crypto adoption through regulatory initiatives in collaboration with U.S. regulators.
Continue to read El Salvador Expands Reserves with Strategic Gold Purchase Amid Bitcoin Buying Pause
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