Adios Bitcoin? In order to get an IMF loan, El Salvador is supposed to change its Bitcoin laws according to the IMF's wishes.

Bitcoin in El Salvador kann nicht länger Landeswährung sein

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Bitcoin in El Salvador can no longer be national currency

Adios Bitcoin? Um an ein IWF-Darlehen zu kommen, soll El Salvador nach dem Willen des IWF seine Bitcoin-Gesetze ändern.

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Swiss Broadcasting Corporation

The International Monetary Fund (IMF) has agreed to issue a $1.4 billion loan facility to the government of El Salvador, but there are some strings attached related to the Central American country’s Bitcoin ( BTC ) and crypto adoption policies. The cash will support El Salvador’s reform agenda and i...

http://coinprofitnews.com

El Salvador Inks $1,400,000,000 Funding Deal With IMF but Agrees To Wind Down Involvement in Chivo Bitcoin Wallet

This week it became known that the bitcoin will cease to be a legal tender and will become an alternative means of payment in El Salvador. The president of the Central American nation, Nayib Bukele, said that the decision was made to meet the demands of the International Monetary Fund (IMF), as part of a technical agreement for 1.4 billion dollars to support the reform agenda of his government. In 2021, El Salvador became the first country in th…

Esta semana se conoció que el bitcoin dejará de ser una moneda de curso legal y pasará a ser un medio de pago alternativo en El Salvador. El presidente de la nación centroamericana, Nayib Bukele, dijo que la decision decisión se tomó para cumplir las exigencias del Fondo Monetario Internacional (FMI), como parte de un acuerdo técnico por 1.400 millones de dólares para respaldar la agenda de reformas de su gobierno. En 2021, El Salvador se convir…

Bitcoin ya no será moneda de curso legal en El Salvador

Fuser News

Bitcoin will no longer be legal tender in El Salvador

El Salvador has made significant changes to its Bitcoin policies to secure a $3.5 billion loan from the International Monetary Fund (IMF). Here are the key points:
Bitcoin Wallet Changes: The

theafrica.co.za

El Salvador To Scale Down Bitcoin Policies As Part Of 35 Billion Imf Loan Deal : The Africa

The International Monetary Fund (IMF) has agreed to issue a $1.4 billion loan facility to the government of El Salvador, but there are some strings attached related to the Central American country’s Bitcoin (BTC) and crypto adoption policies. The cash will support El Salvador’s reform agenda and is subject to approval from the IMF Executive Board, according to a new press release from the United Nations (UN) financial agency. The IMF also says t…

The Daily Hodl

El Salvador Inks $1,400,000,000 Funding Deal With IMF but Agrees To Wind Down Involvement in Chivo Bitcoin Wallet - The Daily Hodl

Is it me or did El Salvador scale back ONLY the parts of the Bitcoin law that were garbage to begin with? Forcing businesses to accept it is tyrannical and goes against the purely voluntary nature of Bitcoin. The chivo wallet was a needless waste of tax money that never worker properly, created a walled garden, complicated interoperability, obscured the action behind the scenes, and encouraged a custodial model. These have been literally the onl…

Stacker News

El Salvador scaling back BTC amid IMF loan deal? \ stacker news ~bitcoin

El Salvador adapts its bitcoiner model with IMF agreement, ensuring that BTC continues as a legal tender. Read more

El Salvador adapta su modelo bitcoiner con acuerdo FMI, asegurando que BTC sigue como moneda de curso legal. Leer más

Tras acuerdo con el FMI ¿cuál es el futuro del modelo bitcoiner de El Salvador?

criptonoticias.com

After agreement with the IMF, what is the future of El Salvador's bitcoiner model?

El Salvador agreed to restrict its state-backed cryptocurrency operations to secure a $3.5 billion financing package from international lenders, marking a partial retreat from President Nayib Bukele’s ambitious digital currency agenda. The International Monetary Fund, which will contribute $1.4 billion to the package, said on Wednesday that El Salvador would make bitcoin acceptance optional for businesses and require tax payments in US dollars o…

the deep dive

El Salvador To Wind Down State Crypto Wallet Under IMF Agreement

On December 19, 2024, the Government of El Salvador announced that the official digital wallet, Chivo Wallet, will be sold or discontinued. This decision comes after a loan agreement of 1.4 billion dollars with the International Monetary Fund (IMF), which requires the country to reduce its policies related to Bitcoin. However, despite this change, the government will continue to recognize Bitcoin as a legal tender and plans to acquire more for i…

El 19 de diciembre de 2024, el Gobierno de El Salvador anunció que la billetera digital oficial, Chivo Wallet, será vendida o descontinuada. Esta decisión se produce tras un acuerdo de préstamo de 1.400 millones de dólares con el Fondo Monetario Internacional (FMI), que exige al país reducir sus políticas relacionadas con Bitcoin. Sin embargo, a pesar de este cambio, el gobierno continuará reconociendo Bitcoin como moneda de curso legal y planea…

Bitcoin in El Salvador can no longer be national currency

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