IMF Puts Brakes on El Salvador’s Bitcoin Frenzy

El Salvador's Bukele Says Bitcoin Purchases Won't Stop Due to IMF Deal
A clause in the country's recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
IMF Puts the Brakes on El Salvador’s Bitcoin Frenzy
In a controversial move to temper El Salvador’s Bitcoin enthusiasm, the International Monetary Fund (IMF) has rolled out fresh terms under a
El Salvador’s Nayib Bukele Confirms Bitcoin Buying Continuation Despite IMF Warning
El Salvador's President Nayib Bukele insists on continuing Bitcoin purchases despite IMF restrictions, signaling ongoing crypto strategy.
El Salvador agrees to pause on public BTC accumulation as part of the $1.4 billion IMF loan deal
The International Monetary Fund (IMF) is halting El Salvador’s public sector’s Bitcoin purchases as part of the recently approved $1.4 billion loan deal. The fund highlighted its demands in an extended agreement under the Extended Fund Facility for El Salvador,
IMF Imposes New Bitcoin Rules on El Salvador Through Its $1.4 Billion Loan
The IMF has issued stricter rules to curtail El Salvador's investment in Bitcoin as conditions for the country's $1.4 billion loan.
El Salvador’s Bukele Adds 19 Bitcoin as IMF Pushes Back on BTC Adoption
The IMF said bitcoin usage remains marginal in El Salvador, with minimal circulation as a payment method due to its high price volatility and low public trust.
El Salvador's Bitcoin Law Changes To Secure IMF Funding
El Salvador' Law changes helped the country to secure up to $3.5 billion, despite some criticism among Bitcoin advocates.
El Salvador Accumulates More Bitcoin Despite IMF’s Directive To Restrict BTC Exposure
El Salvador's latest Bitcoin purchase defies the IMF but President Nayib Bukele shows no signs of slowing down.
El Salvador Purchases 5 Bitcoin as Price Drops to $83,000
El Salvador purchased 5 more Bitcoin worth $415,000 during a price dip while balancing IMF loan requirements and pursuing broader tech initiatives.
El Salvador Bitcoin Accumulation Needs To Stop, IMF Says
The IMF published a new staff country report related to El Salvador in which the fund underscored that El Salvador bitcoin accumulation needs to stop.
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IMF Deal Forces El Salvador To Liquidate Bitcoin Trust, Cut Chivo Wallet, and Accept Stricter Transparency Terms
The $1.4 billion IMF loan requires El Salvador to improve transparency and Bitcoin-related financial oversight. The ...
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IMF Pressures El Salvador to Halt Public Sector Bitcoin Purchases Under $1.4B Deal
El Salvador must reduce its role in the Chivo Bitcoin wallet to access the International Monetary Fund's full $1.4 billion ...
International Monetary Fund6d
IMF Executive Board Approves New 40-month US$1.4 billion Extended Fund Facility Arrangement for El Salvador
The IMF Executive Board approved a new 40-month arrangement under the Extended Fund Facility (EFF) for El Salvador, with access equivalent to US.4 billion. The Board’s decision allows the authorities ...
The Economist2d
El Salvador’s wild crypto experiment ends in failure
Then there was his crypto fixation. In 2021 El Salvador became the first country to make bitcoin legal tender, alongside the ...
Crypto Briefing2d
El Salvador's president Nayib Bukele meets with a16z founders to discuss AI and tech investments
President Bukele and a16z discuss tech investments, AI development, and positioning El Salvador as a regional tech hub.
Bitcoin Is 'A Better Store Of Value Than Gold' Says Expert As El Salvador, Metaplanet Buy-The-Dip
While some panic-sell, others seize the dip. El Salvador and Tokyo-listed Metaplanet have expanded their Bitcoin (CRYPTO: BTC ...