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Bitcoin, El Salvador and IMF
El Salvador Made Bitcoin an Official Currency. Now It’s Backtracking for IMF Loan.
The government of El Salvador’s President Nayib Bukele agreed to scale back his ambitious plan to adopt bitcoin as a national currency in exchange for a much-needed $1.4 billion loan by the International Monetary Fund.
Still $BTC Country: 'Headlines About The IMF Are Wrong,' Says El Salvador Bitcoin Office Director
El Salvador had to concede to some of the IMF's conditions to reach an agreement with the UN financial agency for a massive loan that could help boost its ailing economy, but it clarified Sunday that it will not give up on its Bitcoin strategic reserve.
El Salvador says it will keep buying bitcoin despite IMF warning
El Salvador said on Thursday it would keep buying bitcoin, possibly at an accelerated pace, a day after the government reached a financing agreement with the International Monetary Fund that had said it should limit its exposure to the cryptocurrency.
IMF Pressures El Salvador To Stop Pushing Bitcoin
El Salvador has agreed to scale back its crypto agenda in exchange for a $1.4 billion loan from the International Monetary Fund (IMF), marking a shift in
El Salvador Reduces Bitcoin Engagement as Part of IMF Loan Conditions
El Salvador adjusts Bitcoin policies under IMF loan deal, reducing government involvement and merchant requirements.
El Salvador To Scale Down Bitcoin Policies As Part Of $3.5 Billion IMF Loan Deal
El Salvador scales down Bitcoin adoption to qualify for an IMF loan. Read on to understand the future of Bitcoin in the country’s economy.
El Salvador to sell or discontinue its bitcoin wallet as part of IMF deal
El Salvador will sell or discontinue its bitcoin (BTC-USD) wallet Chivo as part of a new deal with the International Monetary Fund, an official said on Thursday. El Salvador, the first country to make bitcoin (BTC-USD) legal tender,
El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal
The country's concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector.
El Salvador May Accelerate Bitcoin Buys Following IMF Deal Concessions
El Salvador will keep buying Bitcoin despite a deal with the IMF to scale back some BTC policies, its National Bitcoin Office said.
El Salvador will reportedly dial back its bitcoin ambitions to secure a loan from the IMF
Crypto-friendly El Salvador could end a mandate requiring businesses to accept bitcoin as payment, sources told The Financial Times.
decrypt
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El Salvador to Scale Back Bitcoin Efforts Under $1.4 Billion IMF Deal
Under the agreement, El Salvador will make Bitcoin acceptance voluntary for the private sector while restricting public ...
blockonomi
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El Salvador to Secure $1.4 Billion IMF Deal, Bitcoin Acceptance Becomes Voluntary
El Salvador has reached a preliminary arrangement with the International Monetary Fund (IMF) on a $1.4 billion loan.
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