IMF Pushes El Salvador to Yield, Coinbase Makes Move into Argentina
El Salvador has withdrawn Bitcoin’s legal tender status after Congress approved a reform to make its use voluntary, removing provisions for state-supported transactions in Bitcoin and direct conversions to dollars.
Meanwhile, Coinbase has launched in Argentina after receiving regulatory approval to operate as a Virtual Asset Service Provider, targeting the 5 million Argentinians who use crypto daily.
In Paraguay, Hive Digital Technologies has acquired a $56 million site, set to quadruple its Bitcoin mining capacity by late 2025, with plans to develop the Yguazú site using hydro-cooled miners to increase its global capacity.
Clever Robot News Desk 2nd February 2025
