12 hours ago · Despite these changes, the administration insists it remains committed to bitcoin. Milena Mayorga, El Salvador's ambassador to the United States, has said that El Salvador is still a "bitcoin ...

El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021. [1] It has been promoted by Nayib Bukele , the president of El Salvador , who claimed that it would improve the economy by making banking easier for Salvadorans, and that it ...

Dec 6, 2024 · SAN SALVADOR, El Salvador (AP) — As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador’s President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency.

14 hours ago · Recently, officials in the Central American country of El Salvador approved amendments to its controversial Bitcoin law in order to guarantee a $1.4 billion loan with the International Monetary ...

1 day ago · El Salvador was the first country to allow Bitcoin as an official means of payment. The IMF demanded the withdrawal of the regulation – and has now prevailed. Launched with much fanfare four ...

3 days ago · El Salvador has rolled back a key provision of its Bitcoin Law, removing BTC’s status as a unit of account. The country’s Congress passed a reform that makes Bitcoin acceptance voluntary, scaling back its role in the economy.. The move aligns with requirements set by the International Monetary Fund (IMF) as part of a $1.4 billion credit facility agreement.

4 days ago · Pie de foto, El Salvador adoptó el bitcoin como moneda de curso legal en 2021. Información del artículo. Autor, Leire Ventas Título del autor, Corresponsal de BBC News Mundo en Los Ángeles ...

4 days ago · El Salvador has voted to scale back its radically pro-Bitcoin legislation after agreeing to a deal with the International Monetary Fund (IMF) in December 2024, Reuters reports. The deal involved El Salvador making a basket of financial reforms in exchange for a $1.4 billion loan from the IMF’s Extended Fund Facility (EFF) to fund the government’s reform agenda.

4 days ago · El Salvador amended its Bitcoin Law, making BTC acceptance voluntary and reducing state involvement to align with an IMF-backed loan deal. The reforms remove Bitcoin’s legal tender status and state-provided infrastructure, reflecting low public adoption, with 92% of citizens not using BTC in 2024.

Dec 6, 2023 · El Salvador's president is celebrating after a Bitcoin reserve he bought with public money has entered the black amid the continuing Bitcoin price rise. Since 2021, Nayib Bukele has spent...