El Salvador’s President Denies Report That Country’s Bitcoin Reserve Was Handed to a Private Operator

BitcoinWorld El Salvador’s President Denies Report That Country’s Bitcoin Reserve Was Handed to a Private Operator Nayib Bukele, the President of El Salvador, has publicly pushed back against a recent report from El Pais, calling it false.

The report had claimed that El Salvador’s strategic Bitcoin reserve, the actual Bitcoin the country holds as national policy, had been handed over to a private operator. Bukele says that simply did not happen.

According to Bukele’s explanation, the confusion comes from a mix up between two very different things.

He said the language referenced from the IMF was actually about equity ownership in Chivo, the state linked digital wallet business, not about the country’s national Bitcoin reserve at all. He directly called the report of a reserve transfer entirely false.