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Cryptocurrency News Articles
IMF Rolls Out New Terms for $1.4 Billion El Salvador Deal, Putting the Kibosh on Bitcoin Purchases
Mar 04, 2025 at 11:57 pm
In a controversial move to temper El Salvador's Bitcoin enthusiasm, the International Monetary Fund (IMF) has rolled out fresh terms under a hefty $1.4 billion deal.
The International Monetary Fund (IMF) has imposed fresh terms on a $1.4 billion deal with El Salvador, aiming to curb the country's Bitcoin enthusiasm and introduce stricter economic management.
What Happened: As reported by Cointelegraph, the IMF is setting limits on public sector Bitcoin purchases, effectively prohibiting any further accumulation of the digital currency.
The latest update from the IMF cancels out any public sector Bitcoin buys or issuance of debt linked to the digital coin as part of a move to improve economic stability in the Central American nation by increasing transparency and governance.
The lender also plans to closely monitor any future government transactions involving Bitcoin, and stepping out of line could have serious consequences.
Pro
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- This article reflects the author's personal views and does not necessarily represent the views of Wu Shuo. A trader just used Hyperliquid's own liquidation mechanism against the protocol itself, forcing the protocol to choose between taking a massive $12 million loss or exposing its centralized "emergency brake" mechanism.
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- Global investment management firm VanEck has taken a significant step toward launching the first-ever spot Binance Coin (BNB) exchange-traded fund (ETF) in the United States.
- Apr 05, 2025 at 09:35 am
- The firm has officially registered a statutory trust for the proposed ETF in Delaware, a move that could open up new opportunities for institutional and retail investors
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