Bukele Denies Transfer of El Salvador's Bitcoin Reserves to Private Entity
Translated from Spanish and summarized by DistantNews. Read the original for the full story.
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Official statement
Context piece
- President Nayib Bukele denied that El Salvador had transferred its Bitcoin reserves to a private entity.
- Bukele said the International Monetary Fund document cited in the claim referred to Chivo shares rather than the country's Bitcoin reserve.
Nayib Bukele has rejected a publication claiming that El Salvador transferred its Bitcoin reserves to a private entity, calling the information false.
The president said the International Monetary Fund document used as the source for the claim referred to shares in Chivo, El Salvador's state-backed cryptocurrency platform, rather than the Bitcoin reserve itself.
About this summary
Originally published by La Página in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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