🇸🇻 El Salvador will make the acceptance of Bitcoin voluntary for merchants and gradually reduce government involvement in the Chivo wallet. This is part of a $1.4 billion loan agreement with the IMF.
- The IMF stated that the risks from the Bitcoin project will be significantly reduced. Legal reforms will make the acceptance of Bitcoin by the private sector voluntary.
- The government will only have limited involvement in economic activities related to Bitcoin.
- Taxes will only be paid in US dollars, and the government’s involvement in the Chivo wallet will gradually decrease.
Max Keiser, Bukele's Bitcoin advisor, called this agreement "meaningless" and asserted that the use of Bitcoin in El Salvador is still growing. What do you think about this move? Please share your thoughts! 💬