1 day ago · Lawmakers in El Salvador rush new bitcoin reform after IMF deal. By Reuters. January 30, 2025 1:33 AM UTC Updated ago. Item 1 of 5 A woman passes by the Bitcoin Monument after bitcoin soared above ...

19 hours ago · The IMF had been pressuring El Salvador since 2021 to scale back its pro-Bitcoin fiscal policy, claiming the approach raised “a number of macroeconomic, financial and legal issues.” But President Nayib Bukele had previously brushed off pressure from the lender, posting memes on social media in response. IMF pressure has not been stopping El Salvador from adding to its national Bitcoin ...

1 day ago · El Salvador has caved to pressure from the International Monetary Fund (IMF), agreeing to amend its Bitcoin law in order to secure a critical multi-billion-dollar aid package. The decision marks a stark reversal for a country that made headlines as the first in the world to adopt Bitcoin (BTC) as legal tender.

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...

Jan 26, 2022 · When El Salvador introduced the virtual currency as a legal tender, the government released a new digital wallet app, giving away $30 (£22) in Bitcoin to every citizen.

Dec 19, 2024 · El Salvador has struck a $1.4bn (£1.1bn) loan deal with the International Monetary Fund (IMF) after agreeing to scale back its controversial bitcoin policies.

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.

Dec 9, 2024 · El Salvador expects to reach agreement with the IMF in the next two to three weeks on a $1.3bn loan programme in return for changes to its pioneering use of bitcoin as legal tender and...

21 hours ago · El Salvador’s dollar bonds rose the most in emerging markets Thursday after lawmakers approved changes to the nation’s Bitcoin law that were needed to secure an International Monetary Fund loan.

22 hours ago · El Salvador amended its Bitcoin Law, making BTC acceptance voluntary and reducing state involvement to align with an IMF-backed loan deal. The reforms remove Bitcoin’s legal tender status and state-provided infrastructure, reflecting low public adoption, with 92% of citizens not using BTC in 2024.