Key Highlights: The government of El Salvador has partnered with fintech firm Linguard Labs, which has acquired a majority stake in the Chivo platform. The revamped platform is being engineered in San Salvador to deliver modern banking alternatives, digital asset exchange, and alternative-credit microloans. The ownership restructuring and relaunch align with El Salvador’s ongoing program ...
Key Highlights: El Salvador holds approximately 7,794.37 Bitcoin, valued at around $666.1 million, under continued scrutiny from the International Monetary Fund (IMF). A recent IMF program review granted a waiver while maintaining strict limits on public-funded Bitcoin purchases and requiring further structural reforms. The administration of President Nayib Bukele has transferred majority control of the ...
Key Highlights The IMF said El Salvador’s economic activity exceeded expectations as security and investor confidence improved. The fund said performance criteria related to Bitcoin accumulation were not met, although waivers were granted. El Salvador’s Bitcoin Office has repeatedly said the country continues to buy Bitcoin, contradicting the IMF’s September assessment. IMF Praises El Salvador’s ...
Key Highlights: The IMF approved a $139 million payout to El Salvador after accepting an explanation for Bitcoin accumulated through documented private donations. The waiver does not permit government-funded Bitcoin purchases, and the IMF expects no further accumulation beyond verified donations. El Salvador’s economy is forecast to grow 4.5% in 2026, while the government must ...
Key Highlights Sivar is built on Modveon’s Verified Operating System, combining identity verification, trusted connections, communities, payments and AI-powered services. Eligible US residents can send money to verified recipients in El Salvador for a flat $2 fee, regardless of the transfer amount. The platform was refined through a pre-launch rollout involving more than 25,000 Salvadorans. ...