El Salvador President Nayib Bukele Denies Report on Transfer of Bitcoin Reserve Control

iconKuCoinFlash
Share
AI summary iconSummary
Bitcoin breaking news: El Salvador President Nayib Bukele has denied reports that the country transferred control of its Bitcoin reserves to private operators. Bukele called the claim false, clarifying that the referenced IMF statement pertains to an equity transfer involving a Chivo wallet, not the nation’s Bitcoin holdings. He accused El País of spreading misleading Bitcoin news and outright falsehoods.

Odaily Planet Daily reports that Bitcoin News posted on X that El Salvador’s President Nayib Bukele accused El País of publishing “fake news.” Previously, the publication reported that El Salvador had transferred “majority ownership and control” of its more than 7,763 bitcoins to private operators. Bukele called the claim “completely false,” stating that the International Monetary Fund statement cited by El País referred to the transfer of Chivo Wallet shares, not El Salvador’s strategic bitcoin reserves; he also accused the media of “outrightly” lying to its readers.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.