The new law limits access to investors with $250,000 and financial expertise. IMF says El Salvador has stopped public Bitcoin ...

El Salvador secretly stopped buying Bitcoin in February 2025 after signing a $1.4 billion loan deal with the IMF.

El Salvador has been advancing its Bitcoin strategies since it adopted Bitcoin as legal tender in September 2021. The country ...

Emphasizing a financial evaluation, El Salvador has become the pinnacle nation-state experiment for cryptocurrency that the ...

El Salvador hints at launching Bitcoin banks as BTC holdings reach $730M, with unrealized profits exceeding $228M.

El Salvador is signaling its next move in integrating Bitcoin (CRYPTO: BTC) into its financial system, with plans underway to ...

The IMF has been among his most vociferous detractors. The International Monetary Fund has repeatedly urged El Salvador to ditch Bitcoin’s legal sentence — much to Bukele’s chagrin.

El Salvador’s economy grew an estimated 2.8% in 2022, according to the IMF report. Many Salvadorans have protested Bukele’s policies including the move to Bitcoin.

“El Salvador has gone from having a war-like crime rate before Bukele (106.8 per 100,000 people in 2015) to one of the lowest in the Latin America region (2.4 in 2023),” Muller said.

The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021. By Andrés Engler |Edited by Aoyon Ashraf UpdatedOct 3, 2024, 11:51 p.m. PublishedOct 3, 2024 ...

The IMF made the recommendations after it held negotiations with El Salvador — whose government is asking for a $1.3 billion loan to help pay down its debt.