President Bukele reaffirmed that El Salvador Bitcoin Accumulation will continue despite recent information regarding IMF conditions for granting a $1.4 billion loan.
A clause in the country's recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
The IMF said bitcoin usage remains marginal in El Salvador, with minimal circulation as a payment method due to its high price volatility and low public trust.
Nayib Bukele is under fire among Bitcoiners and prominent figures in the crypto industry after he insisted that El Salvador will not halt its strategic Bitcoin reserve even if the IMF's funding deal c
El Salvador appeared to contradict a recent agreement with the IMF to cease public investment in Bitcoin. Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop,
El Salvador has compliance reviews slated in June and September, with new rules to follow. If it fails, the country risks its loan package.
El Salvador’s President Nayib Bukele said his government would continue to buy Bitcoin even after inking a deal with the International Monetary Fund that was expected to halt accumulation of the digital currency.
A clause in the country's recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
Nayib Bukele is under fire among Bitcoiners and prominent figures in the crypto industry after he insisted that El Salvador will not halt its strategic Bitcoin reserve even if the IMF's funding deal c
Cryptopolitan on MSN1d
El Salvador shuts down its Bitcoin-funded pet hospitalNayib Bukele, the President of El Salvador, said this Saturday that the country's only pet hospital will close.
El Salvador appeared to contradict a recent agreement with the IMF to cease public investment in Bitcoin. Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop, despite a requirement from the International Monetary Fund (IMF).
El Salvador now holds 6,111 BTC worth $501.88 million, with a majority of purchases in profit. It has purchased 40 BTC in the past 30
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