{
International Monetary Fund FUND

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}
el salvador secures 1.4 billion loan from imf while scaling back bitcoin plans
El Salvador has secured a $1.4 billion loan from the IMF, contingent on limiting its Bitcoin and crypto initiatives. The agreement mandates that Bitcoin acceptance by the private sector will be voluntary, and government involvement in the Chivo wallet will be gradually reduced, with taxes paid only in US dollars. Despite this, the country plans to continue purchasing Bitcoin for its Strategic Bitcoin Reserve.
dailyhodl.com
United States Dollar International Monetary Fund FUND SLV Stacy Herbert
Finance & Economy, Press Release
20:45 20.12.2024
El Salvador purchases 11 Bitcoin after IMF deal despite cryptocurrency limits
El Salvador purchased 11 Bitcoin worth $1 million just a day after securing a $1.4 billion deal with the IMF, which imposed limits on the country's cryptocurrency dealings. This acquisition breaks its previous pattern of buying one Bitcoin daily, raising its total holdings to approximately 5,980.77 BTC, valued at around $580 million. Despite the IMF's stipulations, the National Bitcoin Office indicated that the government would continue to buy Bitcoin, emphasizing its commitment to the cryptocurrency strategy.
Cointelegraph
United States Dollar International Monetary Fund FUND SLV Nayib Bukele Stacy Herbert
Finance & Economy, News Article
06:57 20.12.2024
El Salvador scales back Bitcoin plans amid IMF loan agreement
El Salvador has secured a $1.4 billion loan from the IMF, which requires the government to scale back its Bitcoin initiatives to enhance financial stability. The agreement will make Bitcoin usage optional for businesses and limit public sector Bitcoin activities, including the cessation of tax payments in BTC. This shift aims to restore confidence in fiscal policies and attract further international financial support.
CryptoPotato
International Monetary Fund FUND SLV Nayib Bukele
Finance & Economy, Press Release
05:26 20.12.2024
El Salvador revises Bitcoin policies for IMF loan agreement of 1.4 billion dollars
El Salvador has agreed to modify its Bitcoin policies as part of a $1.4 billion loan deal with the IMF, transitioning to voluntary Bitcoin acceptance for businesses and reducing public sector involvement in crypto activities. The government will also only accept tax payments in US dollars moving forward. Despite these changes, El Salvador continues to purchase one Bitcoin daily, maintaining a significant holding that has yielded substantial unrealized profits.
CryptoSlate
United States Dollar International Monetary Fund FUND SLV Nayib Bukele
Finance & Economy, News Article
12:32 19.12.2024
morocco develops first legal framework for cryptocurrency with global support
Morocco is finalizing a legal framework for cryptocurrency regulation, developed in collaboration with the IMF and World Bank, to balance innovation and regulation. The framework, which aligns with G20 recommendations, aims to enhance the country's growing crypto market while ensuring financial stability. Governor Abdellatif Jouahri emphasized the importance of stakeholder engagement in crafting these regulations, which will undergo public consultation before government approval.
CCN.com
International Monetary Fund FUND MAR Abdellatif Jouahri
Regulatory & Legal, News Article
12:25 19.12.2024
Morocco advances crypto regulation to foster innovation and manage risks
Morocco is set to adopt a legal framework regulating crypto-assets, aiming to balance innovation and financial security, as announced by Bank Al-Maghrib Governor Abdellatif Jouahri. Developed with support from the IMF and World Bank, the framework follows G20 recommendations and includes consultations with various stakeholders. This initiative positions Morocco as a leader among developing nations in crypto regulation, while also addressing the growing interest in its secondary market for non-performing loans.
moroccoworldnews.com/
International Monetary Fund FUND Bank AL-Maghrib BANK MAR Abdellatif Jouahri
Regulatory & Legal, News Article
11:15 18.12.2024
gold prices expected to rise as central banks increase purchases
Gold prices have surged 29% this year, with analysts predicting continued gains through 2025 as central banks increase their gold purchases, driven by diversification and geopolitical uncertainties. The IMF reports a revised expectation of 982 metric tons in gold acquisitions for the year, with a forecast of at least 900 metric tons in 2025. Additionally, anticipated interest rate cuts and a weakening US dollar are expected to further bolster gold's appeal, with prices projected to reach $2,900 per ounce by the end of next year.
investing.com
United States Dollar International Monetary Fund FUND End Federal Reserve USD
Finance & Economy, Market Report
16:28 17.12.2024
Gold Prices Expected to Rise as Central Banks Increase Purchases in 2025
Gold is expected to continue its rally in 2025, with prices currently around USD 2,650/oz, despite a recent decline from an all-time high. Central banks are projected to purchase 900 metric tons of gold next year, driven by diversification efforts and geopolitical uncertainties, while lower interest rates and a weaker US dollar will further support demand. The forecast anticipates gold reaching USD 2,900/oz by the end of 2025, with a recommended portfolio allocation of 5% for diversification.
Insights
United States Dollar International Monetary Fund FUND Show more
Finance & Economy, Market Report
13:00 17.12.2024
gold prices expected to rise as central banks increase purchases in 2025
Gold is expected to continue its rally in 2025, with prices currently around USD 2,650/oz, despite a recent decline from an all-time high. Central banks are projected to purchase 900 metric tons of gold next year, driven by diversification efforts and geopolitical uncertainties, while lower interest rates and a weaker US dollar will further support demand. The forecast anticipates gold reaching USD 2,900/oz by the end of 2025, with a recommended portfolio allocation of 5% for diversification.
Insights
United States Dollar International Monetary Fund FUND Show more
Finance & Economy, Market Report
13:00 17.12.2024
ukraine plans to legalize cryptocurrencies by 2025 amid ongoing conflict
Ukraine plans to legalize cryptocurrencies by early 2025, focusing on regulation and taxation without special tax incentives. The legislation aims to ensure financial stability and compliance with anti-money laundering standards, treating crypto profits like securities trading. Amid ongoing conflict, digital assets are seen as vital for economic resilience and cross-border transactions, having already raised nearly $70 million for defense and humanitarian efforts in 2023.
FXStreet
United States Dollar Euro International Monetary Fund FUND RUS MAR UKR ARG Danylo Hetmantsev Show more
Regulatory & Legal, News Article
10:47 13.12.2024
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