El Salvador

Latam Insights Encore: El Salvador’s Confusing IMF Deal Might Be Foiled By Its Bitcoin Stance

December 23, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. This edition examines the confusing agreement signed by El Salvador and the IMF and how Bukele’s actions might jeopardize the disbursement of $1.4 billion for the country. Latam Insights Encore: Bukele’s Bitcoin Gambit Might Put […]

Read more

Elon Musk says Trump will free Ross Ulbricht

Latam Insights: El Salvador’s IMF Bitcoin-Braking Deal and Argentina’s Cyberspace Crypto Patrol

December 23, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador inked an agreement with the IMF that could stop its bitcoin adoption, Argentina announced crypto patrols, and the Brazilian Senate is prepared to discuss crypto. […]

Read more

Elon Musk says Trump will free Ross Ulbricht

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement

December 22, 2024 Bitcoin.com

bitcoin.com

The government of El Salvador has clarified that it will continue pushing bitcoin as part of its economic strategy, even as it inked an agreement with the IMF to wind down its bitcoin operations. El Salvador Keeps Purchasing Bitcoin After IMF Deal While many lamented the recent agreement between El Salvador and the International Monetary […]

Read more

Elon Musk says Trump will free Ross Ulbricht

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

December 20, 2024 The Daily Hodl

Bitcoin

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 […]

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

Read more

Elon Musk says Trump will free Ross Ulbricht

El Salvador buys 11 BTC only a day after reaching a deal with IMF

December 20, 2024 Coin Telegraph

Bitcoin

El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”

El Salvador bought $1 million worth of Bitcoin a day after striking a $1.4 billion deal with the International Monetary Fund that stipulated limits on dealing with the cryptocurrency.

The country’s National Bitcoin Office wrote in a Dec. 19 X post that it had “transferred over a million dollars worth of Bitcoin to our Strategic Bitcoin Reserve,” with its website showing it had added 11 Bitcoin (BTC) to its holdings.

The move broke its streak of adding “one Bitcoin per day” that President Nayib Bukele announced in November 2022 and brought the country’s holdings to 5,980.77 BTC, worth about $580 million with BTC trading at around $97,000.

Read more

Read more

Elon Musk says Trump will free Ross Ulbricht

Quid Pro Quo: El Salvador Scores $1.4 Billion IMF Credit by Scaling Back Bitcoin Activities

December 19, 2024 Bitcoin.com

bitcoin.com

The International Monetary Fund (IMF) reached an agreement with the government of El Salvador to provide a $1.4 billion credit facility to fund the country’s reform agenda. In exchange, El Salvador agreed to scale back bitcoin’s economic involvement to mitigate risks derived from its implementation. El Salvador to Receive $1.4 Billion Credit From the IMF, […]

Read more

Elon Musk says Trump will free Ross Ulbricht

El Salvador makes Bitcoin payments voluntary in $1.4B IMF loan deal

December 19, 2024 Coin Telegraph

Bitcoin

El Salvador’s struck a loan deal with the IMF and will make Bitcoin acceptance voluntary and roll back government involvement in Bitcoin-related projects.

Update Dec. 19, 5:45 am UTC: This article has been updated to add a response from El Salvador’s National Bitcoin Office.

El Salvador is set to make merchant acceptance of Bitcoin voluntary, unwind its involvement in its little-used Chivo wallet and make public sector engagement of Bitcoin-related economic activity “confined” as part of a $1.4 billion loan deal with the International Monetary Fund.

The Central American nation will get $1.4 billion from the IMF over the next 40 months after El Salvador agreed to measures aimed at dropping its debt-to-GDP ratio, the global lender said in a Dec. 18 statement.

Read more

Read more

Elon Musk says Trump will free Ross Ulbricht

Latam Insights Encore: El Salvador’s $3 Trillion Gold Stash Will Be Catalyst for a Bitcoin-Centric Future

December 18, 2024 Bitcoin.com

Bitcoin

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. This edition examines how El Salvador might leverage its newfound gold reserves to increase its bitcoin stash, becoming richer in just one trade. Latam Insights Encore: El Salvador Might Follow Michael Saylor’s Playbook, Using Gold […]

Read more

Elon Musk says Trump will free Ross Ulbricht

Bitget Receives Bitcoin License in El Salvador, Securing Its Entrance Into Latam

December 17, 2024 Bitcoin.com

bitcoin.com

Bitget, a South Africa-based cryptocurrency exchange, has recently announced that it received a Bitcoin Service Provider (BSP) license in El Salvador, opening the doors to start operating locally. This milestone allows the company to “offer services such as bitcoin-to-fiat currency exchanges, bitcoin payment facilitation, and secure bitcoin custody solutions for its clientele,” according to a […]

Read more

Elon Musk says Trump will free Ross Ulbricht

Latam Insights: El Salvador’s Gold-to-Bitcoin Power Trade, Argentina Opens to Foreign Crypto ETFs

December 16, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, El Salvador could make a gold-to-bitcoin power trade, Argentina opens up to foreign crypto ETF opportunities, and Brazil might scale back its stablecoin self-custody ban provision. El Salvador Discovers $3 Trillion […]

Read more

Elon Musk says Trump will free Ross Ulbricht