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El Salvador changes Bitcoin rules
El Salvador Backs Away From Its Bitcoin Experiment
In order to accept a $1.4 billion loan from the IMF, El Salvador had to change some of its cryptocurrency laws.
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),
The lesson of El Salvador’s failed Bitcoin experiment
The International Monetary Fund wants to keep you down. Just look toward El Salvador for proof, where President Nayib Bukele abandoned his Bitcoin legal tender revolution in favor of international development loans.
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 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 from the International Monetary Fund (IMF).
El Salvador Buys the Bitcoin Dip, Snaps Up Another $1.1 Million
The Central American country snapped up another 11 Bitcoin for its national reserve as crypto prices slumped this week.
El Salvador buys 11 more Bitcoin, boosting reserves to 6,067 BTC
El Salvador bought 11 more Bitcoins on February 4 to boost its BTC strategic reserve. The country had earlier adopted a style of acquiring one BTC per day but has lately accelerated its Bitcoin purchases.
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 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 options with BMN2.
Lawmakers in El Salvador Rush New Bitcoin Reform After IMF Deal
SAN SALVADOR (Reuters) - El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary.
Crypto News Flash
1d
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.
decrypt
5d
El Salvador Rushes to Approve Bitcoin Law Amendment to Comply With IMF Loan Terms
El Salvador has rushed to approve an amendment that will keep it compliant with the terms of its $1.4 billion IMF loan.
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