IMF Puts Brakes on El Salvador’s Bitcoin Frenzy
El Salvador appeared to contradict a recent agreement with the IMF to cease public investment in Bitcoin. Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop,
The IMF has issued stricter rules to curtail El Salvador's investment in Bitcoin as conditions for the country's $1.4 billion loan.
The IMF continues to expand arrangements under its $1.4 billion deal with El Salvador, seeking to restrict Bitcoin purchases by the public sector.
President Bukele reaffirmed that El Salvador Bitcoin Accumulation will continue despite recent information regarding IMF conditions for granting a $1.4 billion loan.
El Salvador’s President Nayib Bukele said his government would continue to buy Bitcoin even after inking a deal with the International Monetary Fund that was expected to halt accumulation of the digital currency.
El Salvador isn’t backing down from Bitcoin just yet. Despite agreeing to an International Monetary Fund (IMF) loan deal that restricts
President Nayib Bukele insists El Salvador will continue purchasing Bitcoin despite the IMF's pressure. A signed deal between the government and the IMF appears to
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President says El Salvador’s won’t stop buying Bitcoin following IMF claim – ‘Proof of work > proof of whining’In 2024, the El Salvador government agreed to scale back on its Bitcoin ambitions in exchange for a much-needed billion-dollar loan.
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