20 hours ago · Now, El Salvador commands 6,068 BTC worth $592.43 million .Though it ranks under several other nations with sizeable wallets, El Salvador is the only one on the list that is publicly and actively pursuing Bitcoin as a reserve asset.. Last month, El Salvador stacked 60 BTC, 20 of which were bought in the past week.

5 days ago · IMF Deal Drives El Salvador’s Bitcoin Law Rollback. The law change follows El Salvador’s agreement with the IMF, which set conditions for the country to access a $1.4 billion credit facility. The funds will be used for critical payments and to support Bukele’s economic agenda. The IMF has consistently expressed concerns over Bitcoin’s ...

2 days ago · While the IMF has yet to formally approve the loan, the international lender has required El Salvador to make crypto adoption voluntary for private merchants and prohibit tax collection in Bitcoin ...

Jan 30, 2025 · Lawmakers in El Salvador rush new bitcoin reform after IMF deal. By Reuters. January 30, 2025 1:33 AM UTC Updated ago. Item 1 of 5 A woman passes by the Bitcoin Monument after bitcoin soared above ...

6 days ago · The IMF had been pressuring El Salvador since 2021 to scale back its pro-Bitcoin fiscal policy, claiming the approach raised “a number of macroeconomic, financial and legal issues.” But President Nayib Bukele had previously brushed off pressure from the lender, posting memes on social media in response. IMF pressure has not been stopping El Salvador from adding to its national Bitcoin ...

6 days ago · Pie de foto, El Salvador adoptó el bitcoin como moneda de curso legal en 2021. Información del artículo. Autor, Leire Ventas Título del autor, Corresponsal de BBC News Mundo en Los Ángeles ...

Dec 19, 2024 · 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...

Oct 4, 2024 · The International Monetary Fund stated that if El Salvador doesn’t get rid of its Bitcoin Bitcoin +0.2% law, which made bitcoin legal tender in the country, it should at least “narrow the...

Dec 19, 2024 · El Salvador has struck a $1.4bn (£1.1bn) loan deal with the International Monetary Fund (IMF) after agreeing to scale back its controversial bitcoin policies.

Dec 19, 2024 · El Salvador’s IMF Deal Includes Bitcoin, Tax, and Fiscal Reforms. As part of the agreement, El Salvador will amend its Bitcoin Law to make Bitcoin acceptance voluntary rather than mandatory for merchants.