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 ...

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." ...

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 ...

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 ...

The International Monetary Fund (IMF) is looking to restrict Bitcoin purchases by El Salvador as part of an extended $1.4 billion funding arrangement with the country.

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 ...

After El Salvador accepted Bitcoin as a legal tender in 2021, it’s now believed it could pull back as it continues discussions with the IMF.