El Salvador to sell or discontinue its Bitcoin wallet

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 says it will keep buying bitcoin despite IMF warning
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 Ditches Bitcoin Wallet in IMF Deal but Plans to Boost Reserves
However, Bitcoin prices dropped 4.5% Thursday to roughly $100,000 in noon trading. Notwithstanding these bottlenecks, El Salvador aims to keep adding Bitcoin to its reserves "at possibly an accelerated pace,
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 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 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 made bitcoin 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 may scrap official bitcoin wallet Chivo after $1.4 billion IMF deal
El Salvador struck a $1.4 billion loan deal with the IMF after agreeing that it would scale back its bitcoin policies. In 2021, the country became the first to make the cryptocurrency a legal tender.
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 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
CoinDesk15h
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 Finance19h
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] ...