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El Salvador's Bitcoin wallet to be sold or discontinued
El Salvador's bitcoin wallet to be sold or discontinued after deal with IMF, official says
El Salvador's official digital bitcoin wallet Chivo will be sold or discontinued, an official said on Thursday, a day after the Central American country struck an agreement with the International Monetary Fund (IMF).
El Salvador Made Bitcoin an Official Currency. Now It’s Backtracking for IMF Loan.
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 International Monetary Fund.
El Salvador scales back bitcoin bet to get $1.4bn loan
The Central American nation agreed to scale back its controversial bitcoin policy to help secure a loan agreement.
El Salvador to limit Bitcoin with $1.4b IMF deal
El Salvador has reached an agreement with the International Monetary Fund over a $1.4 billion loan package that will see the Central American nation scale back its Bitcoin program. The funding package will be exchanged for a reduction in the country’s domestic Bitcoin activity, subject to final approval from the IMF executive board.
IMF Reaches Agreement with El Salvador for $1.4 Billion Loan
El Salvador reached a deal with the International Monetary Fund after four years of negotiations that were strained by the country’s adoption of Bitcoin as a legal tender.
El Salvador to Scale Back Bitcoin Efforts Under $1.4 Billion IMF Deal
Under the agreement, El Salvador will make Bitcoin acceptance voluntary for the private sector while restricting public sector involvement.
El Salvador Reforms Bitcoin Strategy to Secure $1.4 Billion IMF Loan
El Salvador has made Bitcoin acceptance by merchants voluntary and limited public sector involvement in Bitcoin as part of a $1.4B
Bitcoin Country No More? El Salvador Bends To Secure IMF Loan
El Salvador has reached an agreement with IMF staff to secure a $3.5 billion funding package, but not without consequences that could hit Nayib Bukele's grandiose vision of a "Bitcoin country."
El Salvador to ‘confine’ its Bitcoin activities in $1.4bn loan deal with the IMF
El Salvador will receive a $1.4 billion loan from the International Monetary Fund (IMF) over the next 40 months as it “confines” its Bitcoin-related activities.
Is El Salvador Scaling Back Its Bitcoin Ambitions With IMF Deal?
El Salvador has reached a deal with the IMF for a $1.4 billion loan, subjected to scaling down its Bitcoin project from here onwards.
El Salvador Bows to IMF, Agrees to Bitcoin Restrictions for $1.4B Loan
El Salvador and the IMF have reached a $1.4 billion loan agreement, pending executive approval. The deal requires El Salvador to scale back its Bitcoin
CoinDesk
13h
El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal
Other
bitcoin
wallets operated by private companies will "continue serving
El
Salvador
," Herbert said. The
IMF
stated ...
Yahoo Finance
17h
El Salvador scales back bitcoin bet to get $1.4bn IMF loan
The Central American nation agreed to scale down its controversial
Bitcoin
policy to help secure a loan agreement [Reuters] ...
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