1 day ago · 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 ...

22 hours 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 ...

1 day ago · El Salvador has caved to pressure from the International Monetary Fund (IMF), agreeing to amend its Bitcoin law in order to secure a critical multi-billion-dollar aid package. The decision marks a stark reversal for a country that made headlines as the first in the world to adopt Bitcoin (BTC) as legal tender.

1 day ago · El Salvador amended its Bitcoin Law, making BTC acceptance voluntary and reducing state involvement to align with an IMF-backed loan deal. The reforms remove Bitcoin’s legal tender status and state-provided infrastructure, reflecting low public adoption, with 92% of citizens not using BTC in 2024.

1 day ago · El Salvador struck a $1.4 billion loan deal with the IMF in December, with the agency requiring the Bukele’s government to scale back its involvement in Bitcoin and make BTC optional and ...

14 hours 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 ...

1 day ago · El Salvador’s dollar bonds rose the most in emerging markets Thursday after lawmakers approved changes to the nation’s Bitcoin law that were needed to secure an International Monetary Fund loan.

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 had...

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.

The government of El Salvador’s President Nayib Bukele agreed to scale back his ambitious plan to adopt bitcoin as a national currency in exchange for a much-needed $1.4 billion loan by the...