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El Salvador amends Bitcoin law
El Salvador changes Bitcoin rules to qualify for $1.4 billion in IMF cash
Recently, officials in the Central American country of El Salvador approved amendments to its controversial Bitcoin law in order to guarantee a $1.4 billion loan with the International Monetary Fund (IMF),
El Salvador amends bitcoin law following IMF loan deal
The government secured a $1.4bn loan from the IMF, prompting a cautious approach to Bitcoin after the lender's recommendation.
El Salvador Walks Back Its Bitcoin Law
Four years after becoming the first country to adopt bitcoin as legal tender, El Salvador is taking a step back. The Legislative Assembly has approved changes to the country's Bitcoin Law, effectively removing bitcoin's status as legal currency.
El Salvador abolishes Bitcoin as a currency again
El Salvador was the first country to allow Bitcoin as an official means of payment. The IMF demanded the withdrawal of the regulation – and has now prevailed.
El Salvador Purchases 2 More Bitcoin After IMF Deal
El Salvador lost Bitcoin's legal tender status in response to IMF pressure, yet it continues to increase its BTC reserves.
El Salvador’s Evolving Bitcoin Policy Amid IMF Constraints
Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.
El Salvador buys more Bitcoin while adjusting policies for IMF
El Salvador has added 50 BTC to its reserves in the past month, continuing its Bitcoin accumulation strategy despite adjusting regulations to meet International Monetary Fund (IMF) conditions. On Saturday, the country purchased another 5 BTC, bringing its total Bitcoin holdings to approximately 6,055 BTC, valued at over $606 million.
El Salvador Scraps Bitcoin Legal Tender Status to Secure $1.4B IMF Loan
Despite policy changes, El Salvador remains committed to Bitcoin through continued investments and new crypto initiatives.
El Salvador adds 5 more Bitcoins to strategic reserves
El Salvador bought 5 more BTC in the last 24 hours, bringing its total Bitcoin holdings to roughly 6055 BTC, valued at $618.9 million. The country continues to increase its holdings even though only about 8% of the Salvadorian population uses Bitcoin for transactions.
The Daily Hodl
7h
El Salvador Reverses Bitcoin Legal Tender Status Under Pressure From IMF: Report
El Salvador has reportedly removed the legal tender status of Bitcoin (BTC) after less than four years because of pressure ...
Hosted on MSN
4h
El Salvador's bitcoin dream falters despite lofty crypto hub ambitions
El Salvador has quietly scaled back its ambitious cryptocurrency experiment, marking a significant reversal of President ...
Crypto News Flash
1d
El Salvador Ends Bitcoin’s Legal Tender Status Amid IMF Pressure
El Salvador cancels Bitcoin’s legal tender status, making its use voluntary while Bitfinex Securities expands investment ...
3d
Nayib Bukele sticks to ‘Bitcoin piggy bank’ strategy, but is it working?
El Salvador continues to expand its national Bitcoin holdings as President Nayib Bukele predicts an “exponential” surge in ...
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