El Salvador to Roll Back Bitcoin Project Under IMF Agreement

The International Monetary Fund (IMF) said Wednesday (Dec. 18) that El Salvador will alter its bitcoin project as part of a staff-level agreement on a $1.4 billion Extended Fund Facility (EFF). “The potential risks of the Bitcoin project will be diminished …

El Salvador plans to sell or shut its crypto wallet

El Salvador will privatize or close the cryptocurrency wallet "Chivo" created by President Nayib Bukele when he made bitcoin legal tender in 2021, an official said Thursday. The announcement came after the Central American nation's government …

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El Salvador to accelerate Bitcoin purchases despite IMF deal

El Salvador plans to continue and potentially accelerate its purchases of Bitcoin (BTC) despite its recent deal with the International Monetary Fund (IMF), according to Stacy Herbert, the director of the country’s Bitcoin Office. Moreover, Herbert …

IMF Pressures El Salvador To Stop Pushing Bitcoin

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 global cryptocurrency hub. After four years of negotiations, the …

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 concessions around bitcoin (BTC) to get the funding. Stacey Herbert, director of the Bitcoin Office in El Salvador, posted on Thursday …

El Salvador says it will keep buying bitcoin despite IMF warning

Members of a local Bitcoin community, gather in a local cafe in Berlin, El Salvador, January 24, 2024. REUTERS/Jose Cabezas/File Photo SAN SALVADOR - El Salvador said on Thursday it would keep buying bitcoin, possibly at an accelerated pace, a day …

El Salvador Empowers Tourism Entrepreneurs with Innovative Tools.

Sixty-five tourism entrepreneurs in El Salvador completed the “Tourism 360°” training program, designed to boost their digital content creation skills and competitiveness. Organized by the Government of El Salvador, the program focused on digital marketing …

Bitcoin Resilience in El Salvador: The Strategic Reserve Growth Proceeds as the Country Signs an Agreement with the IMF.

The International Monetary Fund has come to an agreement with El Salvador to give the country $1.4 billion as the first installment of $3.5 billion to help support the country’s economy. The agreement is, however, subject to the approval of the IMF’s …

El Salvador Reaffirms BTC Commitment, Will Continue Accumulating Reserves

El Salvador has reiterated its commitment to Bitcoin in spite of recent developments that saw its digital wallet, Chivo, being sold or retired. This is just days after the country sealed a $1.4 billion loan deal with the International Monetary Fund. The …