Central American nation to make acceptance of cryptocurrency voluntary to unlock international lending

Benzinga

New York

United States

El Salvador Relaxes Bitcoin Rules To Seal $1.3 Billion Loan

El Salvador is close to finalizing a $1.3 billion loan agreement with the International Monetary Fund (IMF), expected within two to three weeks. The deal is contingent on significant changes to the country's Bitcoin policy and measures to reduce its fiscal deficit, Financial Times reported, quoting sources. The IMF delegation, currently in San Salvador, is negotiating terms with President Nayib Bukele's administration. The agreement, pending IMF…

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While bitcoin hit all-time highs, surpassing $100,000 for the first time, before making a temporary correction to $92,000. El Salvador's president Naguib Bukele was losing the... The "bitcoin experiment" and why it failed to become an official currency - Now it is "sacrificed" to the IMF - THE NEWS

Ενώ το bitcoin έφτασε σε ιστορικά υψηλά, ξεπερνώντας τα 100.000 δολάρια για πρώτη φορά, πριν σημειώσει προσωρινή διόρθωση στα 92.000 δολάρια. ο πρόεδρος του Ελ Σαλβαδόρ Ναγίμπ Μπουκέλε έχανε το …Το «πείραμα του bitcoin» και γιατί απέτυχε να γίνει επίσημο νόμισμα – Τώρα «θυσιάζεται» στο ΔΝΤ - Η ΝΑΥΤΕΜΠΟΡΙΚΗ

Το «πείραμα του bitcoin» και γιατί απέτυχε να γίνει επίσημο νόμισμα - Τώρα «θυσιάζεται» στο ΔΝΤ

Naftemporiki

The 'bitcoin experiment' and why it failed to become an official currency - Now being 'sacrificed' to the IMF

El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law.

Cointelegraph

El Salvador plans Bitcoin policy changes to secure $1.3B IMF loan

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Financial Times

Nikkei Inc.

London

Greater London

England

United Kingdom

El Salvador to scale back bitcoin dreams to seal $1.3bn IMF deal

Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore.

Coin Desk

Manila

Metro Manila

Philippines

Bukele Bitcoin Law May Change Under New IMF Deal: Financial Times

El Salvador is reportedly scaling back its mandatory Bitcoin adoption as part of a $1.3 billion IMF loan deal, marking a shift in its groundbreaking cryptocurrency policy. The post El Salvador to Scale Back Bitcoin Law Amid IMF Loan Negotiations first appeared on Ecoinimist.

CryptoPanic

El Salvador to Scale Back Bitcoin Law Amid IMF Loan Negotiations

El Salvador will soon reach a deal with the International Monetary Fund, per a report—but only by softening its Bitcoin law.

decrypt.co

El Salvador to Weaken Bitcoin Law to Help Secure IMF Funding: Report

El Salvador is on the verge of reaching a big financial agreement with the International Monetary Fund (IMF), with plans to finish a $1.3 billion …

Cryptocurrency News | Cryptocurrency Prices | Market Cap

El Salvador Modifies Bitcoin Plans To Finalize $1.3 Billion Deal With IMF – Details

A new report suggests that El Salvador is coming closer to striking an agreement with the International Monetary Fund (IMF) on multi-billion dollar funding — but it has to tweak some aspects of its contentious Bitcoin law in return. El Salvador To Scale Back Its BTC Ambitions According to a Dec. 9 r...

http://coinprofitnews.com

El Salvador Plans To Weaken Bitcoin Policy To Unlock $1.3 Billion Loan From IMF

El Salvador is on the verge of reaching a big financial agreement with the International Monetary Fund (IMF), with plans to finish a $1.3 billion loan program within the next two to three weeks. The country will change its use of Bitcoin (BTC) as legal tender and take steps to lower its government deficit. According to a Financial Times report, individuals familiar with the negotiations said an IMF mission has already arrived in San Salvador to …

El Salvador to scale back bitcoin dreams to seal $1.3bn IMF deal

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