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Crypto Regulation

El Salvador President Dismisses Report of Bitcoin Reserve Transfer

El Salvador’s President Nayib Bukele has refuted a Spanish newspaper report claiming the country transferred control of its Bitcoin reserves, calling it ‘fake news.’ The report alleged over 7,763 BTC were moved to private operators. Bukele said the claim is ‘completely false,’ noting an IMF statement referred to a stake transfer in Chivo wallet, not the strategic reserve. He accused the media of lying to readers.

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