El Salvador changes Bitcoin rules

El Salvador's bitcoin dream falters despite lofty crypto hub ambitions
El Salvador has quietly scaled back its ambitious cryptocurrency experiment, marking a significant reversal of President Nayib Bukele's vision to transform the small Central American nation into a bitcoin paradise.
El Salvador buys more Bitcoin while adjusting policies for IMF
El Salvador has added 50 BTC to its reserves in the past month, continuing its Bitcoin accumulation strategy despite adjusting regulations to meet International Monetary Fund (IMF) conditions. On Saturday, the country purchased another 5 BTC, bringing its total Bitcoin holdings to approximately 6,055 BTC, valued at over $606 million.
El Salvador Reforms Bitcoin Laws While Securing $1.4B IMF Agreement
The new amendments remove the requirement for businesses to accept Bitcoin as payment, making its use voluntary across the private sector.
El Salvador Congress Amends Bitcoin Laws to Meet IMF Agreement on Crypto Exposure
El Salvador has approved amendments to its Bitcoin laws, aligning with a deal struck with the IMF to scale back its crypto exposure.
El Salvador Amends Bitcoin Law amid IMF Pressure
El Salvador has bowed to pressure from the IMF to amend its Bitcoin law, reducing its exposure to the flagship cryptocurrency.
News Explorer — El Salvador Trims Bitcoin Law After IMF Agreement
El Salvador has agreed to scale back its pro-Bitcoin legislation after striking a deal with the IMF, making Bitcoin acceptance voluntary for businesses. The country also plans to unwind the Chivo wallet and stop accepting tax payments in cryptocurrency.
El Salvador Modifies Bitcoin Law to Secure IMF Loan0
El Salvador removes mandatory Bitcoin payments for businesses to meet IMF loan terms while continuing its Bitcoin investment strategy, holding over 6,000 BTC.
El Salvador Backs Away From Its Bitcoin Experiment
In order to accept a $1.4 billion loan from the IMF, El Salvador had to change some of its cryptocurrency laws.
El Salvador changes Bitcoin rules to qualify for $1.4 billion in IMF cash
Recently, officials in the Central American country of El Salvador approved amendments to its controversial Bitcoin law in order to guarantee a $1.4 billion loan with the International Monetary Fund (IMF),
El Salvador Walks Back Its Bitcoin Law
Four years after becoming the first country to adopt bitcoin as legal tender, El Salvador is taking a step back. The Legislative Assembly has approved changes to the country's Bitcoin Law, effectively removing bitcoin's status as legal currency.
El Salvador’s Evolving Bitcoin Policy Amid IMF Constraints
El Salvador has recently updated its cryptocurrency policy following an agreement with the International Monetary Fund (IMF) that imposes limits on the official use of Bitcoin. Under the IMF conditions formalized in December as part of a $1.
El Salvador Goes Bigger on Bitcoin: Daily Purchase Jumps 10x Amid Market Slump
El Salvador cashed in on the market slump Monday to add 11 Bitcoins (CRYPTO: BTC), worth over $1 million, to its strategic ...
The Tico Times4d
El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment
The use of bitcoin in El Salvador’s dollarized economy ... saying she had tried to make some profit and instead lost money. Bukele also failed to achieve his project, which he announced with ...
El Salvador rushes Bitcoin reform ahead of $1.4 billion IMF loan deal, BTC recovers from China AI shock
Bitcoin island, El Salvador, reformed its policies for a $1.4 billion loan deal from the International Monetary Fund (IMF), according to a Reuters report. The nation’s Congress approved a bill to ...
CoinTelegraph7d
El Salvador rushes in new Bitcoin law to comply with IMF deal: Report
El Salvador currently holds 6,049 BTC worth around $633 million, according to the Bitcoin Office official tracker. The portfolio has made a 127% profit with an average purchase price of ...
CoinDesk5d
Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth ...
Nayib Bukele sticks to ‘Bitcoin piggy bank’ strategy, but is it working?
If El Salvador’s President Nayib Bukele stood firm on his country’s Bitcoin gambit during the darkest days of the last crypto ...