El Salvador Bends the Knee on Bitcoin

Failure or 5D chess? El Salvador IMF deal walks back Bitcoin adoption
El Salvador has rescinded Bitcoin’s status as a full legal tender in order to close a deal with the International Monetary Fund (IMF), leaving Bitcoin (BTC) advocates split over what this means for adoption in the country.
El Salvador Bends the Knee on Bitcoin, Complies With IMF
El Salvador’s Congress passed a bill on Jan. 29 to amend key aspects of its Bitcoin law. The changes align with conditions set by the
El Salvador Rushes to Approve Bitcoin Law Amendment to Comply With IMF Loan Terms
El Salvador has rushed to approve an amendment that will keep it compliant with the terms of its $1.4 billion IMF loan.
El Salvador adds 5 more Bitcoins to strategic reserves
El Salvador bought 5 more BTC in the last 24 hours, bringing its total Bitcoin holdings to roughly 6055 BTC, valued at $618.9 million. The country continues to increase its holdings even though only about 8% of the Salvadorian population uses Bitcoin for transactions.
El Salvador amends Bitcoin law to comply with IMF deal, making acceptance voluntary
El Salvador amended its Bitcoin law to comply with an IMF deal, ensuring voluntary acceptance while maintaining its legal tender status.
Did El Salvador's IMF Deal Signal A Step Back From Bitcoin Adoption Or A Strategic Move In 5D Chess?
El Salvador announced a historic agreement with the International Monetary Fund (IMF), paving the way for the country's adoption of Bitcoin as legal tender. This groundbreaking development signifies a significant step forward in the country's efforts to incorporate digital currencies into its economic framework.
News Explorer — El Salvador Trims Bitcoin Law After IMF Agreement
El Salvador has agreed to scale back its pro-Bitcoin legislation after striking a deal with the IMF, making Bitcoin acceptance voluntary for businesses. The country also plans to unwind the Chivo wallet and stop accepting tax payments in cryptocurrency.
El Salvador Congress Amends Bitcoin Laws to Meet IMF Agreement on Crypto Exposure
El Salvador has approved amendments to its Bitcoin laws, aligning with a deal struck with the IMF to scale back its crypto exposure.
El Salvador Amends Bitcoin Law amid IMF Pressure
El Salvador has bowed to pressure from the IMF to amend its Bitcoin law, reducing its exposure to the flagship cryptocurrency.
El Salvador rushes in new Bitcoin law to comply with IMF deal: Report
El Salvador has quickly passed a bill to amend its Bitcoin law, making it voluntary for businesses to accept the asset as payment, Reuters reported.
El Salvador Moves To Overhaul Bitcoin Law Amid IMF Deal
El Salvador's legislative assembly has passed a major reform to its bitcoin law, a move aimed at aligning the country's Cryptocurrency framework with broader financial goals, particularly following an agreement with the International Monetary Fund .
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El Salvador approves new bill to comply with IMF deal
El Salvador’s Congress has approved a bill to change its Bitcoin law to comply with a deal it struck with the International ...
The United States is following El Salvador's playbook — Web3 exec
The United States is currently following in the footsteps of El Salvador, according to Michele Crivelli, the founder of ...