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5 Comments
Bullish
the president of El salvador is 100% crypto bros
The deal was only saying that they wouldn’t make bitcoin the mandatory currency
I know nobody reads the article…
>“On Wednesday, El Salvador struck a $1.4 billion loan deal with the IMF, as part of which the government of President Nayib Bukele agreed that it would scale back its bitcoin policies. The deal specified that tax payments will only be made in the other official tender, the U.S. dollar.
>IMF spokesperson Julie Kozack said on Thursday that planned legal reforms in El Salvador would make acceptance of bitcoin by the private sector voluntary.
>The government’s announcement that it would make more bitcoin purchases “might be just a way to counter any negative blowback” from a perceived diminished status of the cryptocurrency in El Salvador, said Eugene Epstein, head of trading and structured products for North America at Moneycorp in New Jersey.”
Edited to actually be correct and not misleading
Bukele already showed the middle finger to IMF back in 2021, he can keep showing them his diamond middle finger now.