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US Diplomat Voices Hope for Resolution in IMF, El Salvador Financing Tensions: Report

Victoria Nuland, U.S. undersecretary for political affairs, met with President Nayib Bukele on Wednesday.

Ni Sebastian Sinclair
Na-update Set 14, 2021, 1:19 p.m. Nailathala Hul 1, 2021, 4:59 a.m. Isinalin ng AI
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A high-ranking U.S. diplomat said she hopes El Salvador and the International Monetary Fund (IMF) will come to terms on a financing agreement following differences over the country's bitcoin law.

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  • Victoria Nuland, U.S. undersecretary for political affairs, met with El Salvador President Nayib Bukele on Wednesday as part of her tour of the country, Reuters reported Thursday.
  • On June 8, the Central American country became the first in the world to recognize the cryptocurrency as legal tender, and the law is scheduled to go into effect on Sept. 7.
  • The IMF, which is an international organization that oversees global economic growth and financial stability, previously voiced concerns over El Salvador's intentions.
  • IMF spokesman Gerry Rice previously said El Salvador's decision and law raise a number of macroeconomic, financial and legal issues that require "very careful analysis."

Read more: El Salvador’s Bitcoin Law Effective September, E-Wallets to Get $30 Worth of Crypto

IMFbitcoin lawEl SalvadorNayib Bukele

Higit pang Para sa Iyo

‘Bitcoin to zero’ searches spike in the U.S., but the bottom signal is mixed

Ni Shaurya Malwa|Edited by Sheldon Reback
14 oras ang nakalipas
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Google Trends data shows the term hit a record high in the U.S. this month, though global interest has fallen since peaking in August.

Ano ang dapat malaman:

  • U.S. searches for “bitcoin zero” on Google hit a record high in February as BTC slid toward $60,000 after hitting a peak in October.
  • In the rest of the world, searches for the term peaked in August, suggesting fear is concentrated in the U.S. rather than worldwide.
  • Similar U.S. search spikes in 2021 and 2022 coincided with local bottoms.
  • Because Google Trends measures relative interest on a 0-to-100 scale amid a much larger bitcoin user base today, the latest U.S. spike signals elevated retail anxiety, but does not reliably guarantee a clean contrarian reversal.
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