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- Bitcoin in El Salvador - Wikipedia
In 2024, El Salvador agreed to partially limit its involvement with Bitcoin as part of a deal made with the International Monetary Fund (IMF) In March 2025, The Economist wrote that El Salvador's bitcoin experiment had been a failure, bringing more costs than benefits to the El Salvador economy [4]
- El Salvador’s Bitcoin Accumulation Persists Despite IMF . . .
Despite this restriction, President Nayib Bukele has continued to add Bitcoin to the country’s reserves, showcasing a commitment to digital currency even in the face of regulatory limitations This decision emphasizes El Salvador’s ongoing advocacy for Bitcoin adoption as a means of economic development and financial inclusion
- Expert Clarifies: Bitcoin Still Legal Tender In El Salvador?
While the law technically allows citizens to use Bitcoin, Article 7 asserts that the Salvadoran government cannot touch BTC, other than possibly holding it in reserves It is likewise no longer required to facilitate Bitcoin transactions, a shift that paves the way for El Salvador to wind down or sell Chivo, the state-sponsored wallet platform
- El Salvador Ends Bitcoin as Legal Tender — Here’s Why Bitcoin . . .
El Salvador, the first country to adopt Bitcoin as legal tender in 2021, recently reversed its decision after pressure from the IMF What led to this change, and what were the outcomes of its nearly four-year crypto experiment?
- El Salvador Nixes Bitcoin as Legal Currency: The Reasons . . .
The 2021 law in El Salvador made Bitcoin legal tender, meaning it became mandatory for transactions Merchants had to accept Bitcoin, and the government began collecting payments such as taxes and fees in Bitcoin
- El Salvador Continues Bitcoin Buys Despite IMFs $1. 4B Loan . . .
The country’s Bitcoin strategy has not been directly funded through the IMF loan, maintaining a boundary between funding sources El Salvador also avoids using these holdings in national budget planning or public expenditures IMF officials acknowledge technical compliance, despite El Salvador’s open Bitcoin purchases since the agreement
- Bitcoin is no longer legal tender in El Salvador | Digital . . .
El Salvador has reversed its historic decision to make Bitcoin legal tender, following pressure from the International Monetary Fund (IMF) The law, enacted in 2021, required all businesses to accept Bitcoin alongside the US dollar, but many merchants struggled to adopt it
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