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El Salvador to Scale Back Bitcoin Policies for $1.4 Billion IMF Loan Deal

El Salvador finalized a four-year $1.4 billion IMF deal strained by its Bitcoin adoption. It makes bitcoin use voluntary for the private sector, limits public sector bitcoin activities, and phases out government involvement in the Chivo wallet. It may also unlock extra $3.5 billion in development bank funds.

https://www.nobsbitcoin.com/el-salvador-to-scale-back-bitcoin-policies-for-1-4-billion-imf-loan-deal/
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Gigi · 70w
Then they fight you?
Analogue Dog · 70w
El Salvador is gonna loose significantly more than 1.4yards in tourism-related revenue and FDI, as consequence of this.
protozoan numbness · 70w
Use the 3.5 billion to buy bitcoin and say FUCK THE IMF
BitcoinLoveLife · 70w
https://m.primal.net/NAYv.jpg
Murmur · 70w
I was not a legal tender anyway, the people on the street didn’t accept and the government didn’t pushed Bitcoin, IMF got crumbles for billions. I’ll call it a good deal for El Salvador
serenitys forge · 70w
They'll use the money to mine and redine the gold rwserves they just discovered. Keep some in reserve, sell the rest on the open market, crashing the price in the process, unless its done slowly over time and use the revenue to buy more bitcoin.
jgbtc · 70w
Is this that Democracy everyone's been talking about?
Des Imoto マキシ · 70w
Isn’t El Salvador a state? #Bitcoin separates money from State…ultimately.