Bukele Denies Transfer of Control over El Salvador's Bitcoin Reserves

Salvadoran President Nayib Bukele has denied reports from Spanish newspaper El País that he had transferred control of the country's Bitcoin reserves to a new entity. In a statement, Bukele claimed that the report was 'completely false' and that the government is still in full control of its cryptocurrency holdings.

The controversy surrounding the alleged transfer of control has sparked debate among cryptocurrency enthusiasts and experts, with some expressing concerns about the potential risks and consequences of such a move. However, Bukele has maintained that the country's Bitcoin reserves are secure and that there has been no change in management or control.