IMF approves $1.4B loan for El Salvador, Bitcoin policy changes implemented

Key Takeaways The IMF approved a $1.4 billion loan for El Salvador, with an immediate $113 million disbursement. El Salvador’s Bitcoin policy changes include making Bitcoin acceptance voluntary and ensuring taxes are paid in US dollars. Share this article The International Monetary Fund (IMF) has approved a $1.4 billion extended arrangement for El Salvador under its Extended Fund Facility, with an immediate disbursement of $113 million available to the country. The 40-month program is expected to attract additional multilateral financial support, creating a combined financing package of over $3.5 billion…

Ripple partners with BDACS for XRP, RLUSD custody in South Korea

Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD. The partnership, announced on Feb. 26, will enable BDACS to integrate Ripple Custody, the company’s institutional crypto and digital asset custody solution, to safeguard XRP (XRP), Ripple USD (RLUSD) and other crypto assets for financial institutions in South Korea. Source: Ripple Ripple president Monica Long highlighted the importance of institutional-grade custody amid growing enterprise interest in crypto. “South Korea is gearing up for a wave…