CandleFocus El Salvador secures IMF deal as Bitcoin acceptance turns voluntary
2024-12-19
Author: Content Editor
El Salvador has reached a $1.4 billion agreement with the International Monetary Fund (IMF) that shifts the country's crypto policies. Under the agreement, the acceptance of Bitcoin will be made voluntary, and the government plans to reduce Bitcoin's role in the economy. The deal also aims to decrease the country's public debt and includes additional financing from the World Bank and regional development banks. The announcement comes as Bitcoin's price declines and the market reacts to the Federal Reserve's stance on interest rates. Despite these changes, El Salvador's economy remains resilient due to strong remittances, growing tourism, and improved security conditions.
Related News
Chainlink: Will $17M whale activity help LINK test $25 resistance? Trump-Backed World Liberty Financial Swaps Its cbBTC for WBTC After Sun Joins as Adviser Massive 400 Billion SHIB from Early Whale Stuns Major US Exchange Kevin O’Leary sheds light on why CEOs ‘want to suck up to Trump’ AZCoiner x Spores Network: Revolutionizing the Peer-to-Peer Ecosystem with 7M Users and AI-Powered Super dApps Former Tinder CEO Swipes Right on Robinhood Board Position Polygon – Assessing impact of $41.2M whale dump on POL XRP Price Crashes 5% : Should You Buy XRP Now Amid Whale Accumulation? Early Shiba Inu Investor Sells 400B SHIB in Latest Dip, Nets $9.59M Profit H3at Studios Unleashes Electrifying 3D Content to Compliment the Magic Eden ($ME) $5B Token Airdrop Dutch Entrepreneur Urges Netherlands Gov to Establish Bitcoin Reserve Here’s Why Ethena Price Surged 10% Despite Crypto Market Crash Binance.US Charts 2025 Comeback, CEO Norman Reed Reflects on Challenges and Plans for Growth The forecasts for Ripple (XRP) for 2025: the future of the crypto VeChain’s Latest Patent Approval Signals Big Moves Ahead for VET Trader Predicts ‘God Candle’ Breakout for Ethereum, Says New All-Time High Loading for One Memecoin SoonChain Partners with PettAI to Revolutionize AI-Based Gaming on Layer 2 Shiba Inu Team Explains What Shibarium Has Done for SHIB 6,800% XRP Pump Awaits for a Price of $168 as Bitcoin Dominance Falls and Altseason Steps Closer Bitcoin’s surge sparks 30% hike in mining gear prices as buyers move to Hong Kong Michael Egorov Dismisses Curve DAO Liquidation Claim, CRV Dips 13% Bitcoin Buyer MicroStrategy to Change Fundraising Strategy Shiba Inu (SHIB) Whale Makes $109M Profit on SHIB, Amid Price Drop Memecoins HODLlers outnumber Bitcoin, Binance survey says SEC vs Crypto Goes On: Will Unicoin and CyberKongz Handle It? Crypto Market Tumbles Following Fed’s Rate Cut, Over $850 Million Liquidated Bank of Japan keeps interest rates unchanged for third straight meeting Here’s How High Shiba Inu Could Go if BTC Reaches Gold’s Market Cap of $17.85 trillion Anti-Graft Agency Arrests 792 Suspects in Major Crypto Romance Scam Bust in Nigeria World’s Largest Digital Asset Company Announces It Will Offer a Fund for This Altcoin to Wealthy Clients Rising Bitcoin Value Drives Mining Machine Shortages and Price Hikes Nexo donates 1 BTC to secure the bitcoin network & fund core development $1.50 Trillion Wiped Out of US Stock Market, So Why is the Crypto Market Dumping and When Will it Recover? Chainalysis Scoops Up Blockchain Security Firm Hexagate Amid Surge in Crypto Hacks WazirX News Today: Delhi High Court Orders Fresh Probe into $235M Hack Bitcoin's Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge Bitcoin Slips Below $100K: Is The Rally Losing Steam? Hawkish Fed Has Bitcoin Market Showing Strongest Bias for Downside Protection in 3 Months BTC reclaims $100K but weekly chart forming ‘bearish engulfing’ candlestick Bitcoin Exchange Holdings Plummet: 200K BTC Withdrawn in 60 Days Shiba Inu Price at Inflection Point, Why to Buy SHIB Now Despite Selloff by Whales? XRP’s Role in Digital Payments: A Deep Dive into Liquidity and Price Dynamics Metaplanet Stock Debuts on OTCQX: A New Era for Bitcoin Strategy in the U.S. Delphi’s ex-finance VP sentenced to 4 years over $4.5M embezzlement UTXO Stack Funding Completes Series A Round Valued at $50M Advocacy group urges SEC rethink crypto probes and lawsuits from ‘day one’ Mint Unleashes 50M $MINT and 750K $OP to Accelerate NFT Innovation El Salvador secures IMF deal as Bitcoin acceptance turns voluntary TRON Founder Justin Sun Pressures CoinDesk to Remove Controversial Article Avara’s Lens secures $31M for SocialFi-focused L2 blockchain Ethereum Price Forecast: ETH plunges 6% following Fed rate decision, eyes a bounce at the $3,550 level Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines Binance SOL Liquid Staking Token Surpasses $1 Billion in Total Value Locked Trump Delivers Speech at Washington Crypto Policy Summit XRP Lawsuit: John Reed Stark Says Judge Torres Was ‘Mistaken,’ Slams Ripple Decision Cryptocurrency Market Today Dec 19: BTC Falls Below $100K, Altcoins Crash After Fed Rate Cut Watch Out: Shiba Inu (SHIB) Team Issues a Crucial Warning to the Community First blockchain-powered fleet in the Philippines launched Bitcoin drops below $100,000 after Fed Chair Powell’s comment against BTC reserve Mint Unleashes 50M $MINT and 750K $OP to Accelerate NFT Innovation Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals EthStorage and QuarkChain Collaborate to Unveil ‘Super World Computer’ XRP Price Prediction For December 19 First 90 Days SEC Policy Overhaul Agenda Under Donald Trump Uniswap Price Bearish Pattern Emerges as Whale Selling Threatens $10 Level Polygon rejects proposal to bridge funds into Morpho to drive DeFi growth Play-to-Earn Declines as Blockchain Gaming Shifts to Ecosystem Integrations Bitcoin (BTC) New Year Rally Ended? Ethereum (ETH) Crucial Bearish Pattern, Dogecoin (DOGE): Down Even More Sky doubles down on token overhaul: Making MKR unusable, launching subDAOs American Strategic Bitcoin Reserve: Pros, Cons, and Possibilities SunPump Partners with Meme City to Redefine Memecoin Ecosystem BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change Ripple Whales Accumulate $78M in XRP as Price Targets $4.50 Bitcoin sees wealth shift from long-term holders to new investors – Glassnode Is Ethereum Price Going Parabolic? Long-Term Holders Signal 'Greed Mode' Bitcoin, Crypto Eye Recovery as Analysts Bet on Resilience Despite Fed’s Hawkish Pivot Sellers Take Over Dogwifhat (WIF) as Price Drops 11% New Pro-Crypto SEC Commissioner Likely After Crenshaw Fails Senate Re-Nomination Bitwise CIO Matt Hougan Says Ethereum To Outpace Solana in 2025, Here’s Why