๐ Bitcoin enthusiasts, hold onto your hats! El Salvador's bold Bitcoin journey is taking a new turn. After striking a $1.4 billion deal with the IMF, the country is scaling back its ambitious BTC policies. This move aims to stabilize the economy and align with international financial standards.
๐ While Bitcoin's legal tender status remains, businesses can now choose whether to accept it, and the government will no longer take BTC for taxes. The Chivo wallet's state involvement is also winding down, all to address Bitcoin's volatility concerns.
๐ Despite these changes, Bitcoin's recent price surge showcases its enduring appeal. El Salvador's pivot might just be a strategic pause, as the crypto world watches closely!