El Salvador has bolstered its Bitcoin reserves by purchasing 1,098.19 BTC during a market downturn, as announced by President Nayib Bukele. The acquisition, valued at $101.14 million, reflects the country's ongoing commitment to integrating Bitcoin into its financial strategy.
In a separate development, Brazil's Tax Agency has implemented new regulations requiring cryptocurrency exchanges and individuals to report transactions exceeding $6,560 monthly. This move aims to enhance transparency and compliance within the rapidly growing crypto sector. Additionally, the Argentine Congress has released a report on the Libra project, raising concerns about potential misconduct involving President Milei and his connections to key figures in the initiative.
El Salvador Acquires 1,098 BTC Amid Market Dip; Brazil Enforces Stricter Crypto Tax Rules
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