President Bukele reaffirmed that El Salvador Bitcoin Accumulation will continue despite recent information regarding IMF conditions for granting a $1.4 billion loan.
A clause in the country's recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
The IMF said bitcoin usage remains marginal in El Salvador, with minimal circulation as a payment method due to its high price volatility and low public trust.
Nayib Bukele is under fire among Bitcoiners and prominent figures in the crypto industry after he insisted that El Salvador will not halt its strategic Bitcoin reserve even if the IMF's funding deal c
El Salvador appeared to contradict a recent agreement with the IMF to cease public investment in Bitcoin. Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop,
El Salvador has compliance reviews slated in June and September, with new rules to follow. If it fails, the country risks its loan package.
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El Salvador’s Bitcoin Buying Continues Despite IMF Loan Agreement
Bukele Plans to Continue Buying Bitcoin in Defiance of IMF
El Salvador’s President Nayib Bukele said his government would continue to buy Bitcoin even after inking a deal with the International Monetary Fund that was expected to halt accumulation of the digital currency.
Bitcoin falls over 5% as volatility continues after Trump's bitcoin reserve plan
Cryptocurrency prices fell on Monday as volatility in prices continued after an executive order signed by President Donald Trump to create a U.S. strategic bitcoin reserve disappointed investors. Bitcoin,
Cryptopolitan on MSN16h
El Salvador shuts down its Bitcoin-funded pet hospitalNayib Bukele, the President of El Salvador, said this Saturday that the country's only pet hospital will close.
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
Cryptopolitan on MSN10h
Bitcoin crashes to $80k as Ether tumbles below $2k. How low can prices get?Bitcoin just collapsed to $80,000, wiping out over $200 billion from the crypto market in one of the worst single-day crashes over the past year, according to data from CoinGecko. Ether also crashed,
El Salvador President Nayib Bukele reiterated his commitment to Bitcoin (CRYPTO: BTC) on Tuesday despite pressure from the International Monetary Fund to limit exposure to the apex cryptocurrency. What Happened: Bukele took to X to express his unwavering support for Bitcoin,
El Salvador President Nayib Bukele says his country will continue accumulating Bitcoin (BTC) despite rumors suggesting otherwise.
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