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El Salvador agrees to scale back Bitcoin policies for $1.4 billion IMF loan

  • El Salvador has agreed to adjust its Bitcoin policies as part of a $1.4 billion loan arrangement with the International Monetary Fund (IMF).
  • The loan deal requires El Salvador to scale back some of its Bitcoin-related activities.
  • Bitcoin acceptance by private businesses will become voluntary rather than mandatory.
  • Public sector engagement in Bitcoin-related activities will be reduced, and tax payments will only be accepted in US dollars.

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