El Salvador and the IMF have reached a staff-level agreement on the combined second and third reviews of the country’s 40-month Extended Fund Facility arrangement. Subject to IMF Executive Board approval and the completion of agreed prior actions, El Salvador stands to receive approximately $140 million. It is equivalent to
El Salvador, Brazil, and Argentina are the major Latin American countries that are taking a different approach to cryptocurrency regulations and digital finance. Their recent decisions show how their governments are using crypto in experimental ways. El Salvador and Brazil consider cryptocurrency. El Salvador has launched a $100 million investment
El Salvador has added additional Bitcoin to its national reserves as the Central American nation continues its high-profile embrace of digital assets. The latest purchase marks another step in the government’s multi-year effort to integrate Bitcoin into its financial strategy following the asset’s adoption as legal tender in 2021. According
The central banking authority in Bolivia has entered into a strategic alliance with the digital asset regulatory commission in El Salvador to fast-track the adoption of cryptocurrency in the country. The partnership marks a transition of Bolivia to a more liberal crypto policy, to a more progressive policy of digital
Cryptocurrency education activists say that the ambitious Bitcoin reserves approach in El Salvador has not brought tangible gains to the common people. The Central American nation’s IMF loan agreement has further put Bitcoin out of reach of the people, raising doubt over the future of digital currency in the country.
In a major step that shows just how serious digital assets are becoming on the global stage. President Trump’s Executive Director for Digital Assets, Bo Hines, sat down with El Salvador’s President Nayib Bukele on June 5, 2025. The meeting took place in San Salvador and focused on deepening ties
El Salvador refused to obey the IMF for the second time by purchasing more Bitcoins following the IMF’s announcement of its agreement with the country. The Bitcoin Office of the country announced that it purchased 8 more Bitcoins after the IMF said it will ensure the country’s BTC holdings remain
The recent price surge of Bitcoin has led to an increase in the value of the BTC holdings of El Salvador. The President of the nation posted a screenshot on X that showed the current worth of Bitcoin holdings being more than $644 million. The post also reveals that the
El Salvador is doubling down on its Bitcoin strategy, even after signing a $1.4 billion loan agreement with the International Monetary Fund (IMF) that recommended scaling back its crypto ambitions. During an interview at the Web Summit in Rio de Janeiro, Economy Minister Maria Luisa Hayem confirmed that the government
The United States Security and Exchange Commission (SEC) is in talks with El Salvador over a potential cross-border crypto sandbox. This partnership could redefine how digital assets are regulated and tested between nations. This discussion comes amidst tension between both nations about deportation policies, casting political thoughts over what could
