Controversy has arisen over the implications of El Salvador’s $1.4 billion credit facility deal with the International Monetary Fund (IMF), following the disclosure of fine print outlining the nation’s responsibilities for mitigating bitcoin-related risks to its economy.
The “Request for Extended Arrangement Under the Extended Fund Facility” report, released on March 3, presents a letter of intent detailing the extent of this compromise.
Signed by Central Bank President Douglas Pablo Rodríguez Fuentes and Finance Minister Jerson Rogelio Posada Molina, the letter specifies that, in addition to winding down Chivo Wallet, the Bukele administration will neither accumulate more bitcoin nor issue or guarantee any type of bitcoin-indexed or denominated debt or tokenized instruments, at least at the public sector level.
Read more.
Mexico’s third richest man, Ricardo Salinas, chairman and CEO of corporate conglomerate Grupo Salinas, told Bloomberg in an interview published Tuesday, that 70% of his personal portfolio has bitcoin exposure.
The 69-year-old billionaire who commands a net worth of roughly $4.6 billion according to Forbes, made his fortune by expanding his family’s furniture business into consumer finance and eventually other areas such as telecommunications and network television.
In November 2020, Salinas tweeted that he had 10% of his liquid portfolio in bitcoin, and now, almost five years later, he says that allocation has jumped to 70%.
Read more.
The investigation of Libra, the meme coin that was shared by President Javier Milei hours before its debacle, is advancing in Argentina. Eduardo Taiano, the prosecutor in charge of the case, is currently working to secure evidence that might link the group involved in the launch of the currency with Milei.
Taiano has requested a detailed report of all the movements involving Libra tokens, to ascertain the addresses most benefitted, and try to cross-reference it with the holders of these addresses. However, the pseudonymous nature of the accounts has made this task difficult.
In the same way, Taiano has ordered a complete freeze of the assets involved in the investigation, to avoid possible obfuscation and determine if there has been money or asset laundering involving Libra movements to other platforms. To this end, the prosecutor has sent messages to international exchanges to surrender the data of Libra’s token movements.
Read more.
To follow all the latest developments in crypto and the economy in Latin America, sign up for our Latam Insights newsletter below.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
