El Salvador has rescinded Bitcoin’s status as a full legal tender in order to close a deal with the International Monetary Fund (IMF), leaving Bitcoin (BTC) advocates split over what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 ...

El Salvador now has 6055 BTC in its reserves, worth over $618.9 million. The country signed a deal with the IMF to limit its Bitcoin transactions and make Bitcoin acceptance voluntary. Nayib Bukele ...

(Bloomberg) -- El Salvador’s dollar bonds rose the most in emerging markets Thursday after lawmakers approved changes to the nation’s Bitcoin law that were needed to secure an International ...

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 ...

El Salvador has revised its Bitcoin law, making crypto adoption optional for businesses rather than mandatory. The amendment passed with 55 votes in favor and only two against. Despite modifying ...

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 ...

El Salvador, the world’s first nation to adopt Bitcoin as legal tender, is taking steps to loosen its grip on the cryptocurrency. This move comes as part of a reform package aimed at securing a $1.4 ...

El Salvador has spent over $1 million to buy 11 Bitcoins. The country made cryptocurrency a legal tender in 2021. IMF granted El Salvador a loan but advised them to go slow on their crypto policy. El ...

SAN SALVADOR, Jan 29 (Reuters) - El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with ...

El Salvador sees a boom in tourism amid its Bitcoin adoption as a legal tender. According to a recent report from Santander, Spain’s biggest bank, which was shared by El Salvador President Nayib ...

according to data from the Banco Central de Reserva de El Salvador compiled by JP Koning. The peak period for these transactions was when the law making bitcoin (BTC) legal tender was originally ...

The first country to use Bitcoin (BTC) as a legal tender has reportedly passed a new law that will scale back its crypto efforts. Reuters reports that on Wednesday, lawmakers in El Salvador approved a ...