Failure or 5D chess? El Salvador IMF deal walks back Bitcoin adoption
A shining example of Bitcoin adoption, Salvadoran President Nayib Bukele disappointed Bitcoiners this week and divided opinion over the asset’s local future. Source link
El Salvador amends Bitcoin policies to secure $1.4b IMF Deal
El Salvador has amended its Bitcoin regulations as a part of a deal with the International Monetary Fund. According to Reuters, El Salvador Congress has approved the reforms within minutes of receiving them from President Nayib Bukele, aligning the country’s Bitcoin policies with the terms of its $1.4 billion loan agreement with the IMF. El […]
El Salvador rushes in new Bitcoin law to comply with IMF deal: Report
The legislation reportedly rolls back a previous mandate that businesses accept Bitcoin for payments. Source link
El Salvador buys another 12 Bitcoin for country’s reserve despite IMF deal
El Salvador’s total stockpile now stands at 6,044 Bitcoin, worth over $617 million, after the country bought an additional 12 BTC in the last day. Source link
CFTC chair’s exit, Russia’s Bitcoin seizure, Kenya’s IMF warning: Law Decoded
Rostin Behnam exits the US CFTC and calls for stronger regulation, Russia confiscates $10 million in Bitcoin and the IMF advises Kenya on crypto regulations. Source link
El Salvador makes Bitcoin payments voluntary in $1.4B IMF loan deal
El Salvador struck a loan deal with the IMF in which it will make Bitcoin acceptance voluntary and roll back government involvement in Bitcoin-related projects. Source link
El Salvador accelerates Bitcoin buying following IMF deal
El Salvador has ramped up its Bitcoin buying a day after agreeing to an International Monetary Fund deal that required scaling back its government-led crypto activities. On Dec. 19, the first nation to adopt Bitcoin as a legal tender and host a Bitcoin strategic reserve added 11 BTC worth over $1 million to its holdings. […]
El Salvador buys 11 BTC only a day after reaching a deal with IMF
El Salvador purchased 11 Bitcoin only a day after reaching a $1.4 million IMF loan deal that called to reduce public sector engagement in “Bitcoin-related economic activities.” Source link
El Salvador plans Bitcoin policy changes to secure $1.3B IMF loan — FT
El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law. Source link
