El Salvador Halts Daily Bitcoin Purchases Amid IMF Loan Agreement
- El Salvador paused its daily Bitcoin purchases, with the last recorded on February 17.
- The country holds over 6,000 Bitcoin, valued at approximately $586 million.
- A $1.4 billion loan agreement with the IMF requires scaling back Bitcoin initiatives.
- Bitcoin acceptance is now voluntary for private sector businesses in El Salvador.
- The legislature amended the Bitcoin law to comply with IMF requirements in January.
El Salvador’s daily Bitcoin purchase strategy has been paused as part of a $1.4 billion agreement with the IMF, requiring modifications to its Bitcoin policies and making acceptance voluntary for businesses. The nation holds over 6,000 Bitcoins worth about $586 million.
Source (2.6)https://cryptobriefing.com/el-salvador-bitcoin-purchase-halt/?rand=59535
