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Tag: Salvador
Bitcoin’s “Gigantic Price Increase” Just A Matter of Time Says El Salvador President
Although Bitcoin has corrected 50% from its all-time high levels, its fans and ardent supporters continue to put more faith in the cryptocurrency. El Salvador President Nayib Bukele puts up one more m...
The IMF Asks El Salvador to Reject Bitcoin Forever
The International Monetary Fund (IMF) is telling El Salvador to forget about bitcoin for good and to forgo any further plans involving the world’s number one digital currency by market cap. The financ...
Is IMF ‘on the wrong side of history’ as it issues yet another warning to El Salvador
There have been several critics of El Salvador’s policy to accept Bitcoin as legal tender. In the past, the International Monetary Fund (IMF) has made several recommendations against the decision. Now...
El Salvador, the IMF against Bitcoin as legal currency
The International Monetary Fund (IMF) has urged El Salvador to remove the legal tender status for Bitcoin. The IMF’s analysis of El Salvador. The IMF conducted a consultation on El Salvador coming to ...
Drop bitcoin as legal tender, IMF tells El Salvador
The IMF is asking El Salvador to end the status of bitcoin as legitimate delicate BTC Price at the time of writing – $37,547.90 In September 2021, El Salvador turned into the primary country to take o...
El Salvador Has Bought a Lot More BTC
The price of bitcoin has plummeted to a new low. At the time of writing, the world’s number one digital currency by market cap has fallen into the low $33,000 range, losing more than $5,000 from where...
Around El Salvador in 45 days: A Bitcoin-only travel story
El Salvador adopted Bitcoin (BTC) as legal tender over four months ago on Sept. 7, 2021. Bitcoiners around the world have been watching with intent as the president of El Salvador, Nayib Bukele, attem...
El Salvador Under Pressure From IMF To Remove Bitcoin As Legal Tender
El Salvador had come on the radar of the financial world after it announced that it was making bitcoin a legal tender. The decision made the small North American country a favorite among crypto enthus...
The IMF Urges El Salvador to Abandon Bitcoin as Legal Tender
The International Monetary Fund (IMF) is concerned about risks related to El Salvador’s issuance of bitcoin-backed bonds, urging El Salvador to terminate bitcoin as legal tender as soon as possible. I...
Who is IMF and why do they want El Salvador to stop using Bitcoin as legal tender?
TL;DR Breakdown IMF has urged the El Salvador government to replace BTC as the legal tender. El Salvador had invested great sums of money in bitcoin previously, also announced plans for Bitcoin City. ...
IMF Urges El Salvador to Abandon Using Bitcoin as Legal Tender
The executive board of the International Monetary Fund (IMF) has recommended El Salvador to ditch the use of Bitcoin cryptocurrency as a legal tender in the country. Such recommendations by IMF direct...
IMF Urges El Salvador to Drop Bitcoin as Currency, Citing Financial Stability Risks
The International Monetary Fund is urging El Salvador to stop using Bitcoin as legal tender citing financial stability risks. In a statement on Jan 25, the IMF acknowledged that El Salvador is “reboun...
IMF Believes In Bitcoin Wallet For El Salvador But Not Legal Tender Status
In a press release today, the International Monetary Fund (IMF) Executive Board (Board) concluded a 2021 ‘Article IV Consultation’ with El Salvador, where recommendations on the country’s economic pol...
IMF Calls On El Salvador To Remove Bitcoin As Legal Tender
The International Monetary Fund (IMF) recently urged El Salvadoran authorities to remove Bitcoin’s legal tender status. They called it a threat to market integrity, financial stability, and consumer p...
IMF Urges El Salvador to Discontinue Bitcoin’s Legal Tender Status
The executive board of the International Monetary Fund recommended that El Salvador discontinue the use of bitcoin (BTC) as legal tender in in the country due to the financial risks and liabilities cr...
Bukele’s El Salvador 23% Down On Bitcoin Investments Less Than A Year Since Adoption
El Salvador’s bitcoin experiment has been ongoing for less than a year. Things aren’t going as smoothly as the small Central American country had hoped, at least in terms of bitcoin investments as the...
IMF Urges El Salvador to Remove Bitcoin as Legal Tender
The International Monetary Fund (IMF) has urged the government of El Salvador to narrow the scope of the newly established Bitcoin Law and remove bitcoin as a legal tender. In a press release publishe...
IMF Executive Board Recommends El Salvador To Cancel Bitcoin Legal Tender
The International Monetary Fund (IMF) has issued a recommendation to El Salvador on using Bitcoin as a legal tender. According to the global financial institution, the continued use of Bitcoin as lega...
IMF urges El Salvador to remove Bitcoin’s status as legal tender
Members of the executive board at the International Monetary Fund are urging lawmakers in El Salvador to no longer recognize Bitcoin as legal tender. The IMF reported on Tuesday that though digital pa...
IMF Tells El Salvador to Drop Bitcoin as Legal Tender
Key Takeaways The International Monetary Fund has urged El Salvador to discontinue Bitcoin’s status as legal tender. Directors at the IMF expressed concerns around financial stability, integrity...
IMF directors urge El Salvador to remove Bitcoin as legal tender
advertisement Executive directors of the International Monetary Fund (IMF) have urged El Salvador to remove Bitcoin’s status as legal tender in the country, according to a Jan. 25 announcement f...
Drop bitcoin as legal tender, IMF urges El Salvador
A woman vends by a sign that reads, “Bitcoin accepted here”, outside a store where the cryptocurrency is accepted as a payment method in San Salvador, El Salvador September 24, 2021. Jose ...
IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet – Bitcoin News
The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status....
IMF Again Calls for El Salvador to Drop Bitcoin as Legal Tender
In brief The International Monetary Fund monitors the global financial system. It’s spending a lot of time looking in El Salvador’s direction. The International Monetary Fund (IMF), which ...
Turkey Is Allegedly Having Crypto Conversations with El Salvador
Turkey – in the middle of its currency crisis – appears to be taking advice from and meeting with the most unlikely contender: El Salvador. Turkish president Recep Tayyip Erdogan recently met with Nay...
El Salvador Buys 410 More Bitcoins In Recent Dip
El Salvador President Nayib Bukele announced that the Central American country purchased 410 more Bitcoins in a recent market dip. The announcement came days after his administration revealed its inte...
El Salvador Is Down 23% on its Bitcoin Investments on Paper
It’s been less than half a year since El Salvador’s bitcoin experiment began. So far, though, it’s not going as well as the small Central American nation has hoped, at least in terms of its investment...
Nouriel Roubini Advises El Salvador Legislators to Impeach President Bukele
When El Salvador President Nayib Bukele introduced pro-Bitcoin laws to the country and bought the flagship digital currency with its fund last year, many saw it as the start of a new era. But several ...
El Salvador Is Now Over 31% Down on Its Bitcoin Bet
Key Takeaways El Salvador’s Bitcoin investment has been hit hard due to the recent market crash. The country’s Bitcoin reserves have suffered a 31% paper loss. El Salvador has spent $88.4 ...
El Salvador Bought the Bitcoin Dip ; Adds 410 BTC Worth $15M
Central American nation El Salvador has added another 410 BTC to its Bitcoin stash as BTC price slips below $37,000. El Salvador’s president, Nayib Bukele, tweeted on Friday that the country has acqui...