Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
BitcoinSistemi 2025-01-30 08:20:07

IMF Requested, El Salvador Took the First Step Back on Bitcoin! Is BTC's Official Currency Status Changing?

IMF Requested, El Salvador Took the First Step Back on Bitcoin! Is BTC's Official Currency Status Changing?

El Salvador, which made a world first by accepting Bitcoin as legal currency, has now taken a step back. The Congress of El Salvador approved the Bitcoin reform bill presented by President Nayib Bukele on January 29 to comply with the requirements of the $1.4 billion loan agreement reached with the International Monetary Fund (IMF). As part of the agreement, the IMF asked the government of El Salvador to reduce its involvement in Bitcoin and make Bitcoin optional and voluntary for private sector traders. With this approved Bitcoin reform bill, BTC has been made optional and voluntary for private sector traders. Previously, it was a legal requirement for businesses to accept Bitcoin as payment. The reform bill was passed with 55 votes in favor and only two against. Ruling party lawmaker Elisa Rosales said the change was necessary to ensure Bitcoin’s permanence as legal tender and facilitate its practical application. Despite the policy change, the El Salvadoran government led by Nayib Bukele has recently announced that it will continue to increase its Bitcoin (BTC) holdings in an effort to enrich national reserves. According to Bitcoin Office data, El Salvador currently holds 6,049 BTC worth approximately $636.6 million. *This is not investment advice. Continue Reading: IMF Requested, El Salvador Took the First Step Back on Bitcoin! Is BTC's Official Currency Status Changing?

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
787
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.