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El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF’s $1.4B Loan Pressure

CoinGape LogoCoinGape11h ago

El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF’s $1.4B Loan Pressure - CoinGape

Quick Summary:

Despite the country’s commitment to buying one token of the biggest cryptocurrency in the market daily, it has stopped the process amid pressure from the International Monetary Fund (IMF) ’s $1.4 billion loan.

El Salvador, the first country to accept Bitcoin as a legal tender, has paused its BTC purchases, shocking the entire crypto community.

This happened back on January 29, when the assembly passed the legislation with 55-2 votes, which resulted in the modifications of six articles of the Bitcoin law and the repelation of three.

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El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF’s $1.4B Loan Pressure - CoinGape (Picture 1)El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF’s $1.4B Loan Pressure - CoinGape (Picture 2)El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF’s $1.4B Loan Pressure - CoinGape (Picture 3)

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Article Details

Author / Journalist: Pooja Khardia

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 12:18:04 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 605 words

Reading Time: 4 minutes read

Sentences: 53 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26374174

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 33 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF’s $1.4B Loan Pressure" has 605 words across 53 sentences, which will take approximately 3 - 6 minutes for the average person to read.

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The story "El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF’s $1.4B Loan Pressure" was covered 11 hours ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 33 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #26374174
  • URL: https://chronographically.beamstart.com/news/el-salvador-pauses-bitcoin-btc-17404003147730

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