El Salvador to Dial Back Bitcoin Ambitions for IMF Loan, Report …
2 days ago · El Salvador embraced bitcoin as a legal tender in 2021, prompting IMF concerns. El Salvador will likely dial down bitcoin's role as a legal tender in exchange for a $1.3 billion loan from the ...
El Salvador to scale back bitcoin dreams to seal $1.3bn IMF deal
2 days ago · El Salvador to scale back bitcoin dreams to seal $1.3bn IMF deal. ... Global news & analysis; Expert opinion; FT App on Android & iOS; FT Edit app; FirstFT: the day's biggest stories;
El Salvador to Change Bitcoin Law as Part of New IMF Deal: FT
2 days ago · El Salvador may roll back a small aspect of its Bitcoin law as part of a new deal with the International Monetary Fund. The Latin American country may no longer require Salvadorean merchants to ...
El Salvador plans Bitcoin policy changes to secure $1.3B IMF loan …
2 days ago · In February 2023, the IMF urged El Salvador to address Bitcoin-related risks, arguing that its adoption of Bitcoin “had not materialized.” At the time, Bitcoin traded at around $21,600 ...
El Salvador plans Bitcoin policy changes to secure $1.3B IMF loan …
El Salvador expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes to its Bitcoin Law, the Financial Times reported on Dec. 9, citing people familiar with the ...
El Salvador's Bitcoin Policy Shift to Secure $1.3 Billion IMF Loan
2 days ago · El Salvador, the first nation to adopt Bitcoin as legal tender, is preparing to scale back its cryptocurrency policies to secure a $1.3 billion loan agreement with the International Monetary Fund (IMF). The country made it compulsory for businesses to accept Bitcoin as a payment method in 2021.
El Salvador to Weaken Bitcoin Law to Help Secure IMF Funding: …
3 days ago · El Salvador is coming closer to securing a deal with the International Monetary Fund (IMF)—but it has to change some parts of its controversial Bitcoin law in return, according to a newspaper report.. The tiny Central American country will secure multi-billion dollar funding as part of a deal with the IMF in the next few weeks, the Financial Times reported Monday, citing people close to the ...
El Salvador plans to ease bitcoin acceptance requirement to …
2 days ago · Quick Take. El Salvador plans to ease a policy that required businesses to accept bitcoin as legal tender as part of a deal with the IMF. By making the bitcoin requirement voluntary, the country will be able to close a loan with the IMF worth $1.3 billion, paving the way for $1 billion loans from both the World Bank and Inter-American Development Bank, according to the Financial Times.
El Salvador’s Bitcoin Gambit Could Hit Speed Bump for $1.3B IMF …
1 day ago · El Salvador expects to reach a $1.3 billion loan deal with the IMF. The deal follows intense criticism from the IMF over the country’s Bitcoin experiment. President Bukele previously claimed the Bitcoin experiment had fallen below initial expectations. El Salvador’s controversial Bitcoin (BTC) experiment could soon be scaled back.
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 +0.3% law, which made bitcoin legal tender in the country, it should at least “narrow the...
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