Catenaa, Saturday, December 21, 2024 – El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund (IMF) after agreeing to reduce its reliance on bitcoin as legal tender. The deal comes as the cryptocurrency briefly hit a record high of over $108,000 this week.  Under the agreement, businesses in El Salvador […]

Catenaa, Tuesday, December 10, 2024-El Salvador is reportedly set to amend its controversial Bitcoin law to secure a multi-billion-dollar deal with the International Monetary Fund (IMF), according to a report from the Financial Times. The agreement, expected in the coming weeks, would provide $2 billion in funding from the IMF, World Bank, and Inter-American Development […]

Catenaa, Friday, January 31, 2025 – El Salvador’s Congress passed a bill to amend the country’s Bitcoin adoption policy, shifting from mandatory to voluntary acceptance of the cryptocurrency in the private sector. The move complies with conditions set by the International Monetary Fund (IMF) as part of a $1.4 billion loan agreement. The bill, approved […]

Catenaa, Monday, January 19, 2025 – Tether, the issuer behind the $137 billion USDT stablecoin, has announced plans to relocate its operations to El Salvador after securing a Digital Asset Service Provider (DASP) license from the regional authorities. This marks a significant step in Tether’s strategy to expand its presence in emerging markets and promote […]