IMF Pushes El Salvador To Narrow Bitcoin Law For Funding
Oct 4, 2024 · The International Monetary Fund stated that if El Salvador doesn’t get rid of its Bitcoin Bitcoin 0.0% law, which made bitcoin legal tender in the country, it should at least “narrow the scope”...
El Salvador Modifies Bitcoin Law to Secure IMF Deal
Jan 31, 2025 · El Salvador's recent Bitcoin law reform removes BTC as a unit of account, eliminating its use for pricing goods, services, and tax payments.
El Salvador changes Bitcoin rules to qualify for $1.4 billion in IMF ...
Feb 3, 2025 · Recently, officials in the Central American country of El Salvador approved amendments to its controversial Bitcoin law in order to guarantee a $1.4 billion loan with the International...
El Salvador says it will keep buying bitcoin despite IMF warning
Dec 19, 2024 · El Salvador said on Thursday it would keep buying bitcoin, possibly at an accelerated pace, a day after the government reached a financing agreement with the International Monetary Fund that...
El Salvador amends bitcoin law following IMF loan deal
Feb 3, 2025 · El Salvador’s Congress has passed a bill introduced by President Nayib Bukele to reform the country’s Bitcoin law, in line with an agreement with the International Monetary Fund (IMF), reported Reuters. The bill was approved with 55 votes in favour and two votes against.
El Salvador Complies With IMF Requirements: Bitcoin Legal …
Jan 31, 2025 · Salvadorans cannot pay their taxes using bitcoin from now on, as the article that made this possible was also removed in the reform. These changes were necessary to comply with the International Monetary Fund (IMF) requirements to grant the country a …
Reform of El Salvador Bitcoin Law | IMF's $1.4B Loan
Jan 31, 2025 · Despite the change, El Salvador is still committed to Bitcoin. The country still holds a big bitcoin reserve, 6,049 BTC valued at around $636 million.The government also plans to increase its bitcoin holdings in the future.. El Salvador’s Bitcoin …
IMF Pressures El Salvador To Stop Pushing Bitcoin - Reason.com
Dec 19, 2024 · El Salvador has agreed to scale back its crypto agenda in exchange for a $1.4 billion loan from the International Monetary Fund (IMF), marking a shift in the country's quest to become a...
El Salvador Amends Bitcoin Law in $1.4 Billion IMF Fund Deal
Dec 19, 2024 · El Salvador’s IMF Deal Includes Bitcoin, Tax, and Fiscal Reforms. As part of the agreement, El Salvador will amend its Bitcoin Law to make Bitcoin acceptance voluntary rather than mandatory for merchants.
El Salvador Made Bitcoin an Official Currency. Now It’s …
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...