Bitcoin Resilience in El Salvador: The Strategic Reserve Growth Proceeds as the Country Signs an Agreement with the IMF.

The International Monetary Fund has come to an agreement with El Salvador to give the country $1.4 billion as the first installment of $3.5 billion to help support the country’s economy. The agreement is, however, subject to the approval of the IMF’s …

El Salvador Reaffirms BTC Commitment, Will Continue Accumulating Reserves

El Salvador has reiterated its commitment to Bitcoin in spite of recent developments that saw its digital wallet, Chivo, being sold or retired. This is just days after the country sealed a $1.4 billion loan deal with the International Monetary Fund. The …

El Salvador plans to ramp up Bitcoin purchases next year for its strategic reserve

El Salvador has announced plans to increase Bitcoin purchases for its national reserve starting next year. This comes just after the country secured a $1.4 billion loan agreement with the International Monetary Fund (IMF). The deal forces El Salvador to …

Feds arrest El Salvadoran gang member after Massachusetts court ignores ICE detainer

BOSTON (TNND) — Immigration and Customs Enforcement (ICE) on Tuesday arrested a gang member from El Salvador who illegally entered the U.S., the agency announced. Enforcement and Removal Operations (ERO) Boston, a unit of ICE, said it took Luis Borja- …

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

Corte IDH dará a conocer el viernes la sentencia sobre caso “Beatriz”, clave en debate sobre aborto en El Salvador

Por Merlin Delcid, CNN en Español La Corte Interamericana de Derechos Humanos (CIDH) dará a conocer este viernes la sentencia sobre el caso “Beatriz”, clave en el debate sobre el aborto en El Salvador, confirmaron a CNN tanto el Centro por la Justicia y el …

El Salvador agrees to scale back Bitcoin policies for $1.4 billion IMF loan

El Salvador has agreed to adjust its Bitcoin policies as part of a $1.4 billion loan arrangement with the International Monetary Fund (IMF), according to a Dec. 18 statement. The global financial regulator stated that it had reached a staff-level agreement …

El Salvador's bitcoin wallet to be sold or discontinued after deal with IMF, official says

SAN SALVADOR (Reuters) - El Salvador's official digital bitcoin wallet Chivo will be sold or discontinued, an official said on Thursday, a day after the Central American country struck an agreement with the International Monetary Fund (IMF). Stacy …

El Salvador secures $1.4B IMF deal, agrees to 'confined' crypto use

The International Monetary Fund (IMF) said Wednesday it had reached an agreement on a $1.4 billion loan deal with the government of El Salvador to strengthen the Central American country's economy as it agrees to scale down its crypto-related policies. …

Is El Salvador Scaling Back Its Bitcoin Ambitions With IMF Deal?

El Salvador, the first country to make Bitcoin a legal tender has finally reached a deal with the International Monetary Fund (IMF) for a $1.4 billion loan. It comes at a condition of scaling down its “Bitcoin Project”. As a result, the Latin American …