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he announced the country had added another 410 bitcoins to its treasury as they took advantage of the digital assets price decline.El Salvador adopted Bitcoin as legal tender in September 2021 and wants to build a Bitcoin city.
with the project hinged on profits from price increases and a $1 billion cash injection via Bitcoin bonds.The International Monetary Fund (IMF) has advised El Salvador to reconsider its decision on Bitcoin as legal tender.The IMF says the cryptocurrency poses threats to the countrys financial stability and consumer protection.
The IMF thus urged the authorities to narrow the scope of the Bitcoin law by removing Bitcoins legal tender status.the IMF was positive about the potential for growth in digital payments as promoted via El Salvadors Chivo e-wallet.
The government distributed $30 (roughly 22) worth of Bitcoin to every citizen with a Chivo wallet account.
the cryptocurrency could also put the countrys financial integrity and consumer protectionbut that it still hopes to bring opportunities for both the traditional logistics industry and Chinas commercial space field through the experiments.
The project is planning to use reusable rockets for parcel delivery and aims to have each projectile carry a 120 cubic meter container holding up to ten tons of goods.The Beijing-based startup said it will conduct its first rocket delivery test soon
and an overall glow after just a couple of weeks of regular use.Theres no guarantee it will stay in stock.
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