{"id":3961,"date":"2024-12-09T18:46:53","date_gmt":"2024-12-09T18:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3961"},"modified":"2024-12-09T18:46:53","modified_gmt":"2024-12-09T18:46:53","slug":"el-salvador-relaxes-bitcoin-rules-to-seal-1-3-billion-loan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3961","title":{"rendered":"El Salvador Relaxes Bitcoin Rules To Seal $1.3 Billion Loan"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41847581\/el-salvadors-bitcoin-bet-is-paying-off-heres-how-much-the-country-is-up\">El Salvador is<\/a> close to finalizing a $1.3 billion loan agreement with the International Monetary Fund (IMF), expected within two to three weeks.<\/p>\n<p>The deal is contingent on significant changes to the country&#8217;s Bitcoin policy and measures to reduce its fiscal deficit, Financial Times <a href=\"https:\/\/www.ft.com\/content\/847cdb57-2d56-4259-ab8e-f95032efa259\">reported<\/a>, quoting sources.<\/p>\n<p>The IMF delegation, currently in San Salvador, is negotiating terms with President <strong>Nayib Bukele<\/strong>&#8216;s administration.<\/p>\n<p>The agreement, pending IMF board approval, is anticipated to unlock an additional $1 billion in lending from the World Bank and another $1 billion from the Inter-American Development Bank over the coming years.<\/p>\n<p>The IMF has consistently expressed concerns over El Salvador\u2019s pioneering adoption of Bitcoin as legal tender, citing risks to financial stability. <\/p>\n<p>Under the proposed terms, businesses in El Salvador will no longer be required by law to accept Bitcoin as payment, although they may continue to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42397116\/el-salvador-relaxes-bitcoin-rules-to-seal-13-billion-loan\" alt=\"El\" salvador relaxes bitcoin rules to seal billion loan>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador is close to finalizing a $1.3 billion loan agreement with the International Monetary Fund (IMF), expected within two to three weeks. The deal is contingent on significant changes to the country&#8217;s Bitcoin policy and measures to reduce its fiscal deficit, Financial Times reported, quoting sources. The IMF delegation, currently in San Salvador, is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3961","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3961"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3961\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}