El Salvador's Bukele Denies Transferring Government's 7,763-Bitcoin Reserve to Private Operator
Bloomingbit Newsroom
Summary
- President Nayib Bukele denied reports that El Salvador transferred the government's Bitcoin reserve of 7,763 coins to a private operator.
- Bukele said reports that the government handed control of its Bitcoin reserve to the private sector under an agreement with the IMF were false.
- He said only the stake in the Chivo wallet was transferred, not the strategic Bitcoin reserve, and that the outlet had misinterpreted the IMF statement.
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El Salvador President Nayib Bukele denied reports that the government transferred its 7,763-Bitcoin reserve to a private operator.
Wu Blockchain and other outlets reported on September 5 that the Salvadoran government had handed control of its Bitcoin reserve to a private operator under an agreement with the International Monetary Fund. Bukele said that claim was false.
"What was transferred was only the stake in the Chivo wallet, not the strategic Bitcoin reserve," Bukele said, adding that the outlet had misinterpreted the IMF statement.
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