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.

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 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 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." ...

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 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 ...

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 ...

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

Pakistan has eyes for Bitcoin (BTC) as a sovereign reserve asset, but will the IMF support this high-risk move?