Bitcoin, El Salvador

El Salvador rings in Christmas 2024 with a Bitcoin twist
El Salvador continues to showcase its unwavering commitment to Bitcoin, doubling down on its cryptocurrency strategy despite stringent restrictions imposed by the International Monetary Fund (IMF). On 19 December 2024,
El Salvador Made Bitcoin an Official Currency. Now It’s Backtracking for IMF Loan.
The organization is showing flexibility by allowing the bitcoin program to proceed in a limited way.
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.
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 to sell or discontinue its bitcoin wallet as part of IMF deal
El Salvador, the first country to make bitcoin ( BTC-USD) legal tender, agreed to scale back on its bitcoin-related policies. Under the $1.4B loan deal, the nation will allow businesses to voluntarily accept bitcoin as a means of payment, while ensuring that taxes will continue to be paid exclusively in U.S. dollars, rather than in BTC.
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 says it will keep buying bitcoin despite IMF warning
SAN SALVADOR (Reuters) -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.
Bitcoin purchases to continue in El Salvador despite IMF warning
“El Salvador will continue buying bitcoin (at possibly an accelerated pace) for its Strategic Bitcoin Reserve.” This acquisition aligns with President Nayib Bukele’s strategy to purchase one Bitcoin daily. This demonstrates the nation’s unwavering commitment to incorporating Bitcoin into its financial framework.
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 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.
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 ...
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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 ...