El Salvador is set to wind down its Bitcoin-related policies as part of a $3.5 billion loan agreement with the International Monetary Fund (IMF), according to Coindesk. This includes potentially selling or closing its government-developed BTC wallet app, Chivo. While services that allow Salvadorans to use Bitcoin from private-sector providers will continue, taxes will only be paid in U.S. dollars, not Bitcoin. El Salvador will, however, continue to buy Bitcoin, and projects will continue, including developing a Bitcoin bond market and educational programs about Bitcoin.

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