Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
Its even funnier. They just straight up promised them a billion dollar loan on the condition that they abandon bitcoin.
In December, the government struck a $1.4 billion loan deal with the International Monetary Fund (IMF) that scaled back its bitcoin embrace after the lender urged officials to limit its exposure. The lender specifically advocated making acceptance of bitcoin voluntary for the private sector, which is spelled out in the hastily-approved law.
Its even funnier. They just straight up promised them a billion dollar loan on the condition that they abandon bitcoin.
https://www.reuters.com/world/americas/lawmakers-el-salvador-rush-new-bitcoin-reform-after-imf-deal-2025-01-30/
Site doesn’t load
The link is still working and reuters is a huge organization so its probably an issue on your side.
Hot damn why is this not the headline we are seeing
Thats what im wondering, because thats the blog post headline i first saw.