El Salvador President Nayib Bukele Denies Reports of Bitcoin Reserve Transfer

El Salvador President Nayib Bukele has dismissed a report by El País as "completely false." The newspaper had claimed that the country transferred the majority ownership and control of its 7,763 BTC reserves to a private operator. Bukele clarified that the International Monetary Fund statement cited by the outlet referred to the transfer of shares in the Chivo wallet, not the nation's strategic Bitcoin reserves, and accused the media organization of lying to its readers.