El Salvador transfers Bitcoin assets to a cold, offline wallet for increased security.
El Salvador's President, Nayib Bukele, announced that the country is transferring a significant amount of its Bitcoin assets to a secure, offline cold wallet, which will be stored in a physical vault within the country's borders. This move aims to increase the security of the nation's cryptocurrency investments. El Salvador made history in September 2021 when it became the first country to establish Bitcoin as legal tender.
March 15, 2024
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