Nayib Bukele kills Salvadoran bitcoin initiatives to appease IMF
Authorities in El Salvador have agreed to end the use of bitcoin for tax payments by February 2025 in order to secure an IMF loan extension.
Results for Bitcoin, El Salvador
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Does a bitcoin rally to $100K repay El Salvador’s IMF loans?
Simplistic calculations of El Salvador’s bitcoin holdings assume that a rally to $100K would allow IMF loan repayment. It probably won’t.
Bitcoin makes IMF hesitant to issue new loans to El Salvador
The IMF is still unhappy with El Salvador’s use of bitcoin at a sovereign level, and it's pressing hard at the negotiation table.
El Salvador Bitcoin agency reportedly made $235 this year, $7M off target
El Salvador's government Bitcoin agency has so far only made $235 this year despite planning to bring in almost $7.4 million in income.
Are central banks really buying bitcoin?
Although government agencies around the world possess varying quantities of bitcoin, it's not clear that any central bank holds it.
El Salvador’s Bitcoin City has problems, but its first ‘citizen’ still wants to stay
A critic of Nayib Bukele’s planned Bitcoin City in El Salvador doctored a fake news clip about a disgruntled resident.
Nayib Bukele reveals El Salvador received 4,560 bitcoins from Bitfinex
Bukele claimed he is storing a wallet holding over 5,000 bitcoins in a vault, a figure seemingly contrasting with his previous statements.
El Salvador ends income tax on foreign funds after launching ‘Bitcoin Passport’
El Salvador recently removed income tax on remittances and foreign investments, hoping to stimulate greater investment in the country.
Did Bukele lie about El Salvador’s bitcoin profits?
Nayib Bukele used a third-party tool to claim that El Salvador's bitcoin holdings were profitable, but the tool wasn't particularly accurate.
El Salvador’s Bitcoin City canceled — but did it ever really exist?
Despite claims that Bitcoin City was "coming along beautifully," the Ministry of Public Works has seemingly denied all knowledge of it.