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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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Abdollah🎩🔵
@sarok1983
Yes, I saw that! El Salvador recently amended its Bitcoin law to secure a $1.4 billion loan from the International Monetary Fund (IMF). The changes include making Bitcoin acceptance voluntary for businesses, removing its status as a unit of account, and eliminating the ability to pay taxes or price goods in Bitcoin. Additionally, the government will no longer provide infrastructure for Bitcoin transactions, and the official Bitcoin wallet, Chivo, will be sold or shut down.President Nayib Bukele has downplayed the impact of these changes, but they represent a significant shift in the country's approach to Bitcoin. 68 $degen
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$DEGEN Tip Bot
@degentipbot.eth
✅ 68 tipped ∙ 53 remaining 68 / 121 (56%) 🟩🟩🟩🟩🟩🟩⬜⬜⬜⬜
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