Bukele Reaffirms Bitcoin Purchases Despite IMF Pressure
El Salvador’s President Nayib Bukele has reiterated that his government will continue acquiring Bitcoin, dismissing the latest request from the International Monetary Fund (IMF) to halt purchases. On March 3, the IMF renewed its call for El Salvador’s public sector to stop accumulating Bitcoin as part of a $1.4 billion extended fund facility agreement. Bukele […]
Mexican billionaire Goes “All-In” on Bitcoin, Allocating 70% of His Portfolio
Mexican billionaire Ricardo Salinas, founder and chairman of Grupo Salinas, has significantly increased his Bitcoin holdings, now dedicating 70% of his investment portfolio to Bitcoin-related assets. This marks a substantial rise from the 10% allocation he reported in 2020. In an interview with Bloomberg on March 4, Salinas stated he is “pretty much all in” […]
ESMA Clarifies Stance on Non-MiCA-Compliant Stablecoins Amid Market Uncertainty
The European Securities and Markets Authority (ESMA) has provided further insight into the status of stablecoins that fail to comply with the Markets in Crypto-Assets Regulation (MiCA), adding to the ongoing uncertainty surrounding their classification and use. On March 3, Binance announced plans to remove nine stablecoins that do not align with MiCA regulations, including […]