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El Salvador's Bitcoin wallet to be sold or discontinued
El Salvador to sell or discontinue its bitcoin wallet as part of IMF deal
El Salvador will sell or discontinue its bitcoin (BTC-USD) wallet Chivo as part of a new deal with the International Monetary Fund, an official said on Thursday. El Salvador, the first country to make bitcoin (BTC-USD) legal tender,
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.
The IMF Just Improved El Salvador’s Bitcoin Law
In return for a loan deal with the IMF, El Salvador had to give up some of its pro-bitcoin policies. It only made the Bitcoin law better.
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.
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
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.
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 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 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
El
Salvador
is in the process of securing a $3.5 billion deal with the International Monetary Fund, but is making some ...
1d
on MSN
Crime’s Plunge and Bitcoin’s Boom Still Leave El Salvador Chasing Economic Miracle
El Salvador’s Bitcoin holdings soared with Donald Trump’s election victory. The President-elect’s migration stance may be ...
Hosted on MSN
1d
Trump’s win boosts El Salvador’s Bitcoin holdings, but hurts president Nayib Bukele’s economic plans
President Donald Trump’s victory handed El Salvador’s Bitcoin experiment its first major win. With Bitcoin surging to an ...
Coingape
2d
Bitget Rides El Salvador’s Bitcoin Wave, Capitalizes on $362M Profit
Leading crypto exchange Bitget has been granted a license to be a Bitcoin Service Provider via El Salvador's Central Bank.
1d
'Bitcoin President' Nayib Bukele Sends 'Greetings' To French Member Of EU Parliament Calling For A European Bitcoin Reserve
Sarah Knafo, a French member of the European Parliament, has caught the attention of the Bitcoin (CRYPTO: BTC) community with ...
coinspeaker
3d
Bitget Receives Bitcoin Service Provider (BSP) License from Central Bank of El Salvador
Bitget sees El Salvador as a progressive market with significant potential to drive crypto innovation across Latin America.
3d
Bitcoin Tops $106,000 For The First Time – What's Next For World's Top Crypto?
Bitcoin has exceeded $106,000, breaking its previous all-time highs amid high hopes for an American national strategic $BTC reserve after Texas, a pro-crypto state, introduced a bill to establish a ...
Regtechtimes on MSN
5d
Cryptocurrency Gambit: El Salvador’s Bold Push for Global Crypto Alliances
El Salvador is taking bold steps in the world of cryptocurrencies. The country, which made Bitcoin legal tender back in 2021, ...
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