El Salvador makes significant concessions for $1.4 billion IMF loan! Major adjustments to Bitcoin policy, the future is full of uncertainties!
On December 18, El Salvador reached an agreement with the International Monetary Fund (IMF) to secure a $1.4 billion loan, but at the cost of a substantial adjustment to its Bitcoin policy!
To obtain these funds, El Salvador agreed to adjust its Bitcoin policy to "voluntary acceptance," meaning that private enterprises are no longer required to accept Bitcoin, and public sector participation in crypto activities will also be significantly reduced. At the same time, taxes will only be accepted in US dollars!
Although the policy tightens, El Salvador still insists on buying Bitcoin every day! Currently, its Bitcoin holdings have over $362 million in unrealized profits, and this strategy will not be stopped. Will this country continue to strongly promote Bitcoin in the future, or gradually adjust its strategy? Anything is possible!
How will El Salvador's crypto path evolve in the coming years? Will this affect the global Bitcoin market landscape? Follow Money Uncle for insights together!
