El Salvador Abandons Bitcoin Legal Tender Status in Historic Policy Reversal
El Salvador officially ends Bitcoin's mandatory legal tender status after a failed national cryptocurrency experiment. The dramatic policy shift comes as the country seeks IMF funding, allowing businesses to refuse Bitcoin payments while maintaining its crypto investments.
El Salvador Revokes Bitcoin's Legal Tender Status Under IMF Pressure
El Salvador's congress has approved reforms stripping Bitcoin of its legal tender status to secure a $1.4 billion IMF loan. While no longer official currency, Bitcoin can still be used voluntarily for payments as the country maintains its crypto investments.
Tether Shifts Global Headquarters to Bitcoin-Friendly El Salvador
Tether, the leading stablecoin issuer, announces relocation of its global headquarters to El Salvador after receiving a digital asset license. The strategic move highlights El Salvador's growing prominence as a crypto hub under President Bukele's leadership.
El Salvador's Bitcoin Gamble Fuels Tourism Boom with Record 3.9M Visitors
El Salvador's adoption of Bitcoin as legal tender coincides with a remarkable surge in tourism, attracting 3.9 million visitors in 2024. The Central American nation's improved security, crypto-friendly policies, and infrastructure development have positioned it ahead of regional competitors.
El Salvador's Bitcoin Treasury Surges Past 6,000 BTC, Marking Historic Milestone in Sovereign Digital Assets
El Salvador strengthens its position as the world's sixth-largest sovereign Bitcoin holder, accumulating over 6,000 BTC worth $569 million with a 108% return on investment. Despite IMF concerns, the nation remains committed to its cryptocurrency strategy, planning to accelerate Bitcoin acquisitions while celebrating its financial independence.
El Salvador Defies IMF, Adds $1M in Bitcoin to National Treasury During Christmas
El Salvador continues its bold cryptocurrency strategy by purchasing 11 BTC worth over $1 million during Christmas 2024, despite recent IMF loan restrictions. The nation's Bitcoin holdings now total 5,995 BTC, showcasing its commitment to digital currency adoption despite international skepticism.
El Salvador Accelerates Bitcoin Strategy with $1M Purchase, Eyes 20,000 BTC Goal
El Salvador strengthens its cryptocurrency position by adding 11 BTC worth $1.06M to national reserves, while planning accelerated future purchases. The nation maintains its bold Bitcoin strategy despite IMF pressures and potential changes to its Chivo wallet program.
El Salvador Defies IMF, Expands Bitcoin Holdings with $1M Purchase
El Salvador continues its bold cryptocurrency strategy by acquiring 11 more Bitcoin worth $1 million, bringing total holdings to nearly 6,000 BTC. Despite a new IMF agreement limiting government crypto involvement, the country maintains its pioneering stance on Bitcoin as legal tender.
El Salvador Phases Out Chivo Bitcoin Wallet in Historic $1.4B IMF Agreement
El Salvador announces plans to discontinue its state-backed Chivo cryptocurrency wallet as part of a landmark $1.4B IMF deal, though Bitcoin remains legal tender. The agreement marks a strategic shift in the country's crypto approach while potentially unlocking over $3.5B in international financing.
El Salvador's Bitcoin Gamble Pays Off: $360M Unrealized Gains as BTC Hits Record High
El Salvador's groundbreaking adoption of Bitcoin as legal tender has yielded massive returns, with unrealized profits exceeding $360 million as BTC reaches new all-time highs. President Bukele's controversial decision to invest state funds is now being vindicated as the nation's digital treasury more than doubles in value.