El Salvador will scale back its agenda in exchange for a $1.4 billion IMF loan, marking a shift in its quest to become a cryptocurrency hub.

President Nayib Bukele insists El Salvador will continue purchasing Bitcoin despite the IMF's pressure. A signed deal between the government and the IMF appears to contradict Bukele’s public claims.

The International Monetary Fund, a longtime skeptic of El Salvador’s Bitcoin experiment, has renewed its call for the country to scale back its reliance on the cryptocurrency.

El Zonte, a quiet surf town on El Salvador's coast, draws travellers not just for its waves, but for a bold financial ...

The IMF yesterday announced they have reached a $1.4 billion loan deal with El Salvador. In return, the Central American country that in 2021 made bitcoin legal tender had to remove some of its ...

El Salvador has bought 12 bitcoins since the IMF announced last week the board approval of the agreement reached in December. It currently holds near $550 million in bitcoin, according to the ...

El Salvador has reached an agreement with IMF staff to secure a $3.5 billion funding package, but not without consequences that could hit Nayib Bukele's grandiose vision of a "Bitcoin country." ...

The IMF was right to end El Salvador’s bitcoin project in its bailout. That's why the Extended Fund Facility (EFF) did not just end bitcoin’s legal status.

The planned payout, subject to IMF executive board approval, is part of a larger $1.4 billion, 40-month loan deal struck in December, which saw El Salvador agree to confine its Bitcoin ambitions.

The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021. By Andrés Engler | Edited by Aoyon Ashraf Updated Oct 3, 2024, 11:51 p.m. Published Oct 3 ...

El Salvador is still purchasing Bitcoin even after inking a loan agreement with International Monetary Fund that required it to stop accumulating the token. “There’s a commitment of President ...