Economy
IMF Rejects Pakistan's Electricity Subsidy for Bitcoin Mining
The International Monetary Fund has declined Pakistan's repeated requests to offer subsidized electricity for Bitcoin mining, citing economic distortions as a concern.
Bitcoin news
IMF Intensifies Stance Against Bitcoin as Bukele Defies Restrictions in El Salvador
Despite restrictions imposed by the IMF, El Salvador's President Nayib Bukele continues to amass Bitcoin. The ongoing clash raises questions about the future of cryptocurrency in the region.
Crypto
IMF Affirms Commitment to Prevent El Salvador's Bitcoin Accumulation
El Salvador continues its bitcoin purchases despite IMF warnings, reaffirming its strategy amidst loans and agreements.
Crypto
Justice Department Disbands Crypto Enforcement Team Amid Growing Concerns
The U.S. Justice Department has dissolved its Crypto Enforcement Team, shifting focus to serious criminal cases like cartels and terrorism, following insights from a recent IMF report on crypto risks.
Crypto
South Korea Reassesses Bitcoin for Foreign Reserves
The Bank of Korea expresses concerns over Bitcoin's volatility and its compliance with IMF standards for foreign exchange reserves.
Crypto
El Salvador's President Bukele Confirms Continued Bitcoin Purchases Despite IMF Restrictions
President Bukele of El Salvador asserts that the nation will continue to acquire bitcoin, contradicting stipulations from the recent IMF agreement limiting such actions.
Crypto
El Salvador's President Increases Bitcoin Holdings to 19 Amid IMF's Constraints
The IMF has limited El Salvador's bitcoin usage, stating it remains a minor payment method due to volatility and public mistrust.
Crypto
El Salvador's Chivo Crypto Wallet Faces Shutdown in $3.5 Billion IMF Agreement
El Salvador agrees to concessions for IMF funding, including the potential closure of its Chivo cryptocurrency wallet.
Crypto
IMF Pressures El Salvador for Enhanced Bitcoin Oversight
The International Monetary Fund reiterates its calls for stricter regulations on Bitcoin in El Salvador, highlighting ongoing concerns since the currency's legalization.
