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

El Salvador and the IMF have reached a $1.4 billion loan agreement, pending executive approval. The deal requires El Salvador to scale back its Bitcoin policy.

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.

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 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 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 ...

In the past, the IMF has been critical of El Salvador's bitcoin program, particularly its lack of transparency and potential to imperil the country's financial stability and economy, which it ...

In a recent strategic financial move, El Salvador has acquired an additional 240 bitcoins, reinforcing its status as a ...

In December 2024, El Salvador struck a deal with the IMF for a $1.4 billion loan, which required the government to drop Bitcoin’s status as a legal tender and stop its BTC accumulation.

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 ...