- AC Milan are weighing up a January loan move for Marcus Rashford – with wantaway Manchester United forward’s name thrown forward to Italian giants’ chief Zlatan Ibrahimovic amid their frontline injury issues
- Osasuna not financially prepared to keep Bryan Zaragoza after Bayern Munich loan spell
- CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
- Best IVF Loans for December 2024
- El Salvador makes Bitcoin payments voluntary in $1.4B IMF loan deal
El Salvador has struck a $1.4bn (£1.1bn) loan deal with the International Monetary Fund (IMF) after agreeing to scale back its controversial bitcoin policies.
Bạn đang xem: El Salvador gets IMF $1.4bn deal after scaling back bitcoin bet
The global lender said risks related to the adoption of the world’s largest cryptocurrency had eased now that businesses will be allowed to decide whether or not to accept bitcoin.
In 2021, El Salvador became the first country in the world to make bitcoin legal tender.
This week, the cryptocurrency briefly hit a fresh record high of more than $108,000.
Xem thêm : Biden cancels another $4.2bn in US student loans before leaving office | Joe Biden News
“The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies,” the IMF announcement said.
“Legal reforms will make acceptance of Bitcoin by the private sector voluntary. For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined.”
The deal, which is aimed to help support El Salvador’s economy, still needs to approved by the IMF’s executive board.
The IMF had opposed the Salvadorean President Nayib Bukele’s crypto-friendly policies, warning they could become an obstacle to it offering financial assistance.
Still, Bukele celebrated on social media as bitcoin rallied after Donald Trump’s US election victory in November.
Earlier this month, as the price of bitcoin topped $100,000 for the first time, Bukele said in a social media post that his country’s holdings in the cryptocurrency had more than doubled in value.
He also blamed his political opponents for causing many Salvadorans to miss out on bitcoin’s rise.
The cryptocurrency has rallied since Donald Trump’s election victory on the 5 November.
The incoming Trump administration is seen as being far more friendly towards cryptocurrencies than President Joe Biden’s White House.
On Thursday, the cryptocurrency retreated along with global stock markets after the US Federal Reserve signalled a slower pace of interest rate cuts next year.
Bitcoin is currently trading at around $100,000.
Nguồn: https://marketeconomy.monster
Danh mục: News