Cryptocurrency Q&A
Where is El Salvador storing bitcoin?
Where is El Salvador storing bitcoin?
amelia_jackson_environmentalist
Fri Jul 12 2024
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5 answers
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Could you elaborate on the question of where El Salvador is storing its Bitcoin holdings? Given the recent adoption of bitcoin as a legal tender in the country, it's an important matter to understand the security measures and infrastructure involved in safeguarding these digital assets. Are the bitcoins being kept in cold storage, hot wallets, or a combination of both? What kind of custody providers or institutions are they partnering with? Understanding these details is crucial for assessing the long-term viability and stability of El Salvador's bitcoin experiment.
5 answers
KimonoElegance
Sun Jul 14 2024
SAN SALVADOR, the capital of El Salvador, has embarked on a significant move in the realm of cryptocurrency.
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Tommaso
Sun Jul 14 2024
President Nayib Bukele announced on Thursday that the nation plans to transfer a substantial portion of its bitcoin assets to an offline device.
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Giuseppe
Sat Jul 13 2024
This device, which will serve as a secure storage solution, will be physically stored within a vault located on El Salvador's territory.
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Silvia
Sat Jul 13 2024
The initiative is a testament to the country's commitment to digital currencies and their integration into the national economy.
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KpopHarmonySoul
Sat Jul 13 2024
El Salvador has been a pioneer in adopting bitcoin as a legal tender, and this latest move further consolidates its position as a leader in the cryptocurrency space.
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