ChainCatcher news, according to CoinDesk, El Salvador, under the leadership of President Nayib Bukele, apparently has no intention of stopping its accumulation of Bitcoin, regardless of the demands made by the International Monetary Fund (IMF).Bukele posted on the X platform that El Salvador will not stop accumulating Bitcoin: "When the whole world rejects us, and most 'Bitcoin believers' abandon us, it did not stop then, it will not stop now, and it will not stop in the future. Proof of Work is greater than proof of complaint."In addition, El Salvador increased its holdings by another 1 BTC early this morning, bringing its total holdings to 6101.18 BTC.

ChainCatcher news, according to Cointelegraph, the International Monetary Fund (IMF) is seeking to tighten restrictions on public sector purchases of Bitcoin in El Salvador as part of a $1.4 billion delayed financing arrangement with the country. On March 3, the IMF submitted new requirements for an extended fund arrangement to El Salvador, including a technical memorandum that explicitly states the condition that "the public sector of El Salvador shall not voluntarily accumulate Bitcoin."The memorandum also requires restrictions on the public sector issuing "any type of debt or tokenized instruments linked to or denominated in Bitcoin that constitutes a liability for the public sector." El Salvador's Executive Director Méndez Bertolo emphasized in a statement on February 26 that the IMF's extended fund mechanism aims to "improve governance, transparency, and resilience, boosting confidence and national growth potential."Bertolo stated, "At the same time, the risks associated with Bitcoin are being mitigated. Authorities have revised the Bitcoin law to clarify the legal nature of Bitcoin and removed the essential characteristics of legal tender. Acceptance of Bitcoin will be voluntary, taxes will be paid in U.S. dollars, and the public sector's role in Bitcoin projects will be limited." The plan is expected to attract "significant additional financial support" from the World Bank, the Inter-American Development Bank, and other regional development banks.

ChainCatcher news, according to data from Bitcoin.gob, El Salvador has again increased its holdings by five bitcoins, bringing its total holdings to over 6,100 BTC, reaching 6,100.18 BTC, with a market value of approximately 507,614,541 USD.

ChainCatcher news, according to the Bitcoin office of El Salvador, President Bukele recently met with a16z co-founder Marc Andreessen and benahorowitz.eth. The topics discussed included: investment opportunities for El Salvador as an emerging regional tech hub focused on free technology, the AI landscape in the post-DeepSeek environment, and open-source versus proprietary models in AI, among others.

ChainCatcher news, according to The Bitcoin Office of El Salvador, in line with President Bukele's economic freedom policy, the Salvadoran government has passed a groundbreaking artificial intelligence bill aimed at providing regulatory clarity and certainty for the AI industry, particularly covering the development and innovation of open-source models.This new legislative framework ensures that both proprietary and open-source AI systems receive appropriate protection, with a particular emphasis on legal safeguards for open-source development. This is the world's first national legislation that explicitly extends legal protection to open-source AI development. While proprietary models will continue to benefit from existing international protection mechanisms, this draft provides a clear legal framework for open-source AI development at the national level for the first time.Article 19 of the new bill creates the most comprehensive legal protections for AI developers in Latin America and globally, including sandbox protections and measures against third-party abuse. The bill clearly states that proprietary models will continue to benefit from existing international protections while explicitly extending legal safeguards to the field of open-source AI development for the first time.According to the bill, the Salvadoran government will establish an AI laboratory to promote the development, research, and application of AI in government agencies and services, improving citizens' quality of life through enhanced traffic flow, water quality monitoring, and optimization of geothermal resources. The laboratory will also provide resources and the latest technologies to educational groups and institutions to develop domestic engineering capabilities. El Salvador has implemented a zero-tax policy for AI innovation and development, and the passage of this bill positions the country as a forward-looking participant in the global AI landscape, placing innovation, excellence, and open-source collaboration principles at the core of its policy.

ChainCatcher message, on-chain data shows that El Salvador increased its holdings by 7 BTC about 7 hours ago, bringing the total holdings to 6088.18 BTC, currently valued at approximately 572 million USD.

ChainCatcher news, according to Spot On Chain monitoring, the Salvadoran government has increased its average daily Bitcoin purchases from 1 coin to about 1.6 coins.Since December 22, 2024, the government has accumulated a total of 93.417 Bitcoins at an average price of $98,579, with daily purchases fluctuating between 1 and 11 coins. Currently, El Salvador holds 6,081 Bitcoins, with a total value of approximately $579.9 million.

ChainCatcher news, under the leadership of President El Salvador, the Bitcoin Office stated on X that the National Library of El Salvador will establish a Bitcoin section. Library visitors will not only find all the best books about Bitcoin but will also have the opportunity to see a fully operational node and significant information regarding its use in the Bitcoin network.

ChainCatcher message, Michael Saylor posted on the X platform that he had a wonderful discussion with El Salvador's President Nayib Bukele about the opportunities for El Salvador to benefit from global Bitcoin applications and accelerate its development.

ChainCatcher news, according to The Bitcoin Office of El Salvador, El Salvador President Nayib Bukele met today at the presidential palace with Michael Saylor, the founder of Strategy (formerly MicroStrategy), to discuss Bitcoin-related topics.

ChainCatcher news, according to Cointelegraph, El Salvador currently holds 6,072.18 bitcoins, worth approximately $583 million. In the past 7 days, it has increased its holdings by 17 bitcoins, worth about $1.633 million; in the past 30 days, it has increased its holdings by 49 bitcoins, worth about $4.707 million.

ChainCatcher news, according to Bitcoin.com, data from the Central Bank of El Salvador shows that since October 2024, the proportion of cryptocurrency remittances in the country has remained below 1% of the total. This figure stands in stark contrast to the nearly 5% peak in October 2021 when the country adopted Bitcoin as legal tender.Financial writer John Paul Koning pointed out that although President Nayib Bukele has stated that traditional financial institutions charge up to 25% in fees for remittances, the official digital wallet Chivo offers zero fees, cryptocurrency remittances have failed to gain widespread adoption among the dollarized population in the country.According to an agreement reached with the International Monetary Fund (IMF), the Salvadoran government will terminate or sell the operations of Chivo and revoke Bitcoin's legal tender status to reduce Bitcoin's share in its economy.

ChainCatcher news, Plan B is an initiative established in collaboration with Tether aimed at promoting the use of Bitcoin and blockchain technology. This initiative concluded in El Salvador on January 30-31, 2025. Following the unveiling of the first Satoshi Nakamoto statue in Lugano, Switzerland, the first Plan B forum held in El Salvador also unveiled the second Satoshi Nakamoto statue.

ChainCatcher message, on-chain data shows that El Salvador increased its holdings by 11 BTC about 1 hour ago, bringing the total holdings to 6067.18 BTC, currently valued at approximately 615 million USD.

ChainCatcher news, according to Spain's El País, the Salvadoran Congress recently approved a reform of the Bitcoin Law, officially removing Bitcoin's status as legal tender.This reform was carried out after nearly two years of pressure from the International Monetary Fund (IMF), which set a condition to "reduce the risks of Bitcoin" in exchange for the approval of a much-needed $1.4 billion loan by President Nayib Bukele of El Salvador. Representatives modified six provisions and abolished three out of sixteen provisions.From now on, Bitcoin will no longer be regarded as "currency"; its acceptance will change from mandatory to voluntary, and it will not be used for tax payments.

ChainCatcher news, according to data from Bitcoin Office, El Salvador has increased its holdings by 5 BTC in the past 24 hours, bringing its total holdings to 6,055.18315128 BTC, approximately 618 million USD.

ChainCatcher news, according to Cointelegraph, the Salvadoran Congress has swiftly passed legislation to amend its Bitcoin law to comply with the International Monetary Fund (IMF) agreement.The new bill changes the requirement for the private sector to accept Bitcoin from mandatory to voluntary. This reform was passed with 55 votes in favor and 2 against.

ChainCatcher news, ruling party members stated that Salvadoran President Bukele has requested Congress to reform the national Bitcoin law.

According to ChainCatcher news reported by Cointelegraph, Poland added 10 Bitcoin ATMs on January 27, bringing its total to 219 active devices, surpassing El Salvador and becoming the fifth largest cryptocurrency ATM network in the world, following the United States, Canada, Australia, and Spain.Currently, there are approximately 38,100 cryptocurrency ATMs actively operating in 65 countries/regions, supported by 356 operators.The current top ten countries/regions for Bitcoin ATM networks are as follows:United States: 30,780 (80.8%);Canada: 3,062 (8%);Australia: 1,389 (3.6%);Spain: 276 (0.7%);Poland: 219 (0.6%);El Salvador: 215 (0.6%);Hong Kong: 196 (0.5%);New Zealand: 191 (0.5%);Germany: 173 (0.5%);Puerto Rico: 162 (0.4%).