El Salvador’s President Nayib Bukele announced the continuation of daily Bitcoin purchases despite pressure from the International Monetary Fund (IMF) to halt accumulation as part of a $1.4 billion loan agreement. The country, now holding 6,101 BTC valued at approximately $534.5 million, has not clarified its stance on other IMF requests, including restrictions on Bitcoin mining and public sector debt linked to the cryptocurrency.
about El Salvador Defies IMF and Continues Daily Bitcoin PurchasesNayib
0 posts last weekEl Salvador and Metaplanet Increase Bitcoin Holdings Amid Market Decline
El Salvador and Metaplanet have seized the opportunity to increase their Bitcoin holdings amid a recent market slump. El Salvador acquired an additional 7 BTC, raising its total to 6,088 BTC, while Metaplanet purchased 135 BTC, bringing its total to 2,235 BTC. Both entities remain committed to their Bitcoin strategies despite external pressures and market challenges.
about El Salvador and Metaplanet Increase Bitcoin Holdings Amid Market DeclineEl Salvador Increases Bitcoin Holdings to 6068.18 Amid Regulatory Changes
El Salvador has added 21 BTC to its reserves in the past week, bringing its total to 6,068.18 BTC, despite recent policy changes that ended Bitcoin’s legal tender status. President Bukele continues to pursue a long-term Bitcoin strategy, viewing it as “digital gold,” while balancing international financial pressures. The nation’s ongoing investment in Bitcoin has sparked mixed reactions domestically and has drawn global interest, positioning El Salvador as a notable player in the cryptocurrency landscape.
about El Salvador Increases Bitcoin Holdings to 6068.18 Amid Regulatory ChangesEl Salvador amends Bitcoin law for IMF funding agreement
El Salvador has passed a new law to amend its Bitcoin legislation, aligning with a $1.4 billion loan agreement with the International Monetary Fund (IMF). The reform allows businesses to choose whether to accept cryptocurrency, significantly reducing Bitcoin-related risks. The changes, approved by the ruling New Ideas Party, are pending IMF Executive Board approval and are aimed at supporting economic reforms.
about El Salvador amends Bitcoin law for IMF funding agreementEl Salvador amends Bitcoin law to secure IMF loan agreement
El Salvador’s Congress has approved a bill to amend its Bitcoin law, allowing businesses to accept Bitcoin optionally, in compliance with a $1.3 billion loan agreement with the IMF. The reform passed with 55 votes in favor and aims to ensure Bitcoin’s viability as legal tender while addressing IMF recommendations for regulation and risk management. This deal is expected to unlock an additional $2 billion in funding from the World Bank and the Inter-American Development Bank.
about El Salvador amends Bitcoin law to secure IMF loan agreementEl Salvador Increases Bitcoin Reserves Despite IMF Agreement
El Salvador has purchased 12 BTC, increasing its total holdings to 6,044 BTC valued at approximately $620 million, despite a recent agreement with the IMF to scale back some crypto initiatives. The National Bitcoin Office confirmed the purchases, emphasizing that the country’s Bitcoin strategy remains unchanged. Tether has also relocated its headquarters to El Salvador, aligning with the nation’s Bitcoin-friendly policies.
about El Salvador Increases Bitcoin Reserves Despite IMF AgreementTether Moves Headquarters to El Salvador Following License Acquisition
Tether will relocate its headquarters to El Salvador after obtaining a license to operate as a digital asset service provider. The move aligns with the country’s progressive policies and growing Bitcoin community, as Tether aims to enhance its focus on emerging markets. CEO Paolo Ardoino emphasized the commitment to financial freedom and innovation, while the company plans to contribute to local renewable energy projects.
about Tether Moves Headquarters to El Salvador Following License Acquisition