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IMF
El Salvador's Bukele Says Bitcoin Purchases Won't Stop Due to IMF Deal
A clause in the country's recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
El Salvador’s Bukele Adds 19 Bitcoin as IMF Pushes Back on BTC Adoption
The IMF said bitcoin usage remains marginal in El Salvador, with minimal circulation as a payment method due to its high price volatility and low public trust.
El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal
The country's concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector.
El Salvador to Change Bitcoin Law as Part of New IMF Deal: FT
Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore.
India's Crypto Discussion Paper on Hold Due to Other Priorities
Financial authorities have had to prioritize matters such as the nation's budget during an election year, meetings with other nations and the impending World Bank annual meetings.
IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin
The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.
El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025
Bukele spoke during the commemoration of 203 years of El Salvador independence.
IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency
The survey said that the 19 central banks in the region are exploring issuing a CBDC and the countries are mainly focused on how CBDCs can enhance financial inclusion and payment system efficiency.
Argentina's Milei, So Far Shunning Bitcoin, Devalues Peso by More Than 50%
The government's official rate is now 800 pesos to the dollar versus roughly 400 previously.
CBDCs Good for Payments, Even With Competition: IMF
The International Monetary Fund's planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies.