IMF Puts Brakes on El Salvador’s Bitcoin Frenzy

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 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 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 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 buys Bitcoin dip, adding 5 BTC amid price plunge to $83,000
El Salvador buys 5 BTC amid price plunge to $83,000, increasing holdings to 6,100 BTC, as IMF cautions on continued crypto activities.
IMF Agreement To Prohibit Public Sector Bitcoin Holdings In El Salvador
The International Monetary Fund (IMF) has raised concerns about El Salvador's mandatory Bitcoin accumulation for public sector employees. The IMF has
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.
IMF Forces El Salvador to Dismantle Bitcoin Trust & Accept Stricter Oversight
As part of a $1.4 billion IMF loan agreement, El Salvador must implement public participation in the state-sponsored Chivo wallet.
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 ...
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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 ...