- El Salvador has reportedly agreed to the terms of a $3.5 billion bailout from the International Monetary Fund (IMF).
- The bailout conditions include removing the mandatory acceptance of Bitcoin and dismantling the state-owned virtual asset wallet 'Chivo'.
- By easing its Bitcoin legal tender policy, it appears to have strategically chosen to cooperate with the IMF.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
El Salvador, which adopted Bitcoin (BTC) as legal tender and garnered significant attention from the virtual asset (cryptocurrency) market, is reportedly scaling back its Bitcoin project. This is in order to negotiate a bailout with the International Monetary Fund (IMF).
On the 18th (local time), the virtual asset specialized media Bitcoin Magazine reported via X (Twitter) that "El Salvador has agreed to the terms of a $3.5 billion IMF bailout," stating, "The conditions include removing the mandatory acceptance of Bitcoin in the private sector and dismantling the state-owned virtual asset wallet 'Chivo'."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
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