El Salvador has paused public sector Bitcoin purchases to meet conditions of a $1.4 billion loan from the International Monetary Fund (IMF). Despite this, President Nayib Bukele is still acquiring Bitcoin through private channels, buying one Bitcoin daily using undisclosed funds. The IMF emphasizes that El Salvador’s economic reforms go beyond Bitcoin, focusing on fiscal ...
El Salvador has paused public sector Bitcoin purchases to meet conditions set by the IMF for its $1.4 billion loan. Despite this suspension, President Nayib Bukele continues to acquire Bitcoin through private funding channels. The country still aims to use Bitcoin as part of its economic strategy, even while adhering to IMF requirements, which focus ...
During a recent visit to the White House, El Salvador’s President Nayib Bukele discussed crime and terrorism with President Donald Trump. Bukele claimed that by fighting crime effectively, he had transformed El Salvador from the “murder capital of the world” to the safest country in the Western Hemisphere. He urged Trump to focus on ending ...
During a meeting in the Oval Office, El Salvadoran President Nayib Bukele told former President Donald Trump that he could help address crime and terrorism in the U.S., stating he has “350 million Americans to liberate.” Bukele highlighted El Salvador’s transformation from the “murder capital of the world” to the safest country in the Western ...
On April 14, US President Donald Trump met with El Salvador’s President Nayib Bukele at the White House to discuss trade and immigration, leaving out Bitcoin from their agenda. Bukele’s visit marked his first official meeting during Trump’s second term, focusing on pressing issues like migration and security cooperation. Trump suggested the possibility of sending ...
El Salvador has continued to acquire Bitcoin despite pressure from the International Monetary Fund (IMF) to stop. Since March 1, the country purchased 13 more Bitcoins, bringing its total holdings to over 6,105 BTC, worth more than $527 million. Although the government made an agreement with the IMF in December 2024 that included ending Bitcoin’s ...
El Salvador has recently purchased an additional 5 Bitcoin for about $415,000 as the cryptocurrency dropped to around $83,000. This purchase boosts the country’s total Bitcoin holdings to 6,100, valued at roughly $510 million. The acquisition comes shortly after the International Monetary Fund approved a $1.4 billion loan to El Salvador, which stipulates that the ...
El Salvador has halted its daily Bitcoin purchases, with the last recorded buy on February 17. This pause follows the country’s recent $1.4 billion loan agreement with the International Monetary Fund (IMF), which requires El Salvador to scale back its Bitcoin initiatives and make acceptance voluntary for businesses. Currently, the nation holds over 6,000 Bitcoin, ...
El Salvador has stopped its daily Bitcoin purchases, with the last recorded buy on February 17. This pause comes after the country secured a $1.4 billion loan deal with the International Monetary Fund (IMF). As part of the agreement, El Salvador is required to reduce its Bitcoin activities, making the acceptance of Bitcoin optional for ...
El Salvador made history in 2021 by becoming the first country to recognize Bitcoin as legal tender. Initially championed by President Nayib Bukele, this move aimed to reduce reliance on the US dollar and stimulate economic growth through cryptocurrency. However, recent changes indicate a shift toward caution. As of February 2025, businesses are no longer ...
