El Salvador’s Exposure to Cryptocurrency is Minimal; Says Mossi By CoinEdition

© Reuters. El Salvador’s Exposure to Cryptocurrency is Minimal; Says Mossi

  • Dante Mossi declared that El Salvador’s exposure to cryptocurrencies, including , is minimal.
  • CABEI has provided El Salvador with almost all the funds to repay the debts of the country.
  • The bank has restricted the country from using the recently provided amount to purchase any digital assets.

Dante Mossi, the Chairman of the Central American Bank for Economic Integration (CABEI) commented that El Salvador’s exposure to cryptocurrencies, including bitcoin, is minimal, despite its status as the first country to accept bitcoin as legal tender.

Previously, in December 2022, the multilateral lender provided El Salvador with $450 million, ahead of a bond payment due in late January. It is noteworthy that the bank has helped the country by providing most of the funds it needs to repay the debts.

Notably, Mossi commented on the “real situation in El Salvador”:

We’ve seen this exposure and think it’s very small — it’s not signifi …

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