El Salvador, a pioneering country in recognizing Bitcoin as legal tender, is considering changing its policy to access a $1.3 billion loan from the International Monetary Fund (IMF).

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This is an agreement between El Salvador and the International Monetary Fund (IMF), in the context of this country having to consider realizing a profit of $300 million from Bitcoin in order to receive a loan more than 4 times that amount. This agreement not only unlocks the loan from the IMF but also helps the country access an additional $1 billion from the World Bank (WB) and $1 billion from the Inter-American Development Bank (IDB).

To achieve this, El Salvador must adjust its economic policies, including:

Ceasing to recognize Bitcoin as legal tender.

Narrowing the scope of the Bitcoin Law and reducing the public sector's exposure to BTC.

Modifying the regulation that requires businesses to accept Bitcoin to be voluntary.

The IMF believes that using Bitcoin could pose risks to economic stability due to price volatility and the risk of money laundering. At the same time, the organization requires El Salvador to reduce its budget deficit through spending cuts or increasing revenue.