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,
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.
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 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 ‘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 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.
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 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
El Salvador is in the process of securing a $3.5 billion deal with the International Monetary Fund, but is making some ...
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 MSN1d
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 ...
Coingape2d
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.
'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 ...
coinspeaker3d
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.