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jahangir-hz
@jahangir-hz
El Salvador Changes Bitcoin Law to Receive IMF Loan El Salvador’s Congress has amended the country’s Bitcoin (BTC) law to meet the terms of a deal with the International Monetary Fund (IMF) to secure a $1.4 billion credit facility. The changes include removing Bitcoin’s legal status as a currency and making its acceptance optional. The ability to pay taxes in Bitcoin and price goods based on it has also been abolished. Although El Salvador’s President Nayib Bukele has downplayed the impact of the changes, the changes will bring significant changes to how Bitcoin is used in the country. In addition, El Salvador’s official Bitcoin wallet, Chivo, will be sold or shut down.
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