ESPN on Nostr: ### El Salvador Drops Bitcoin ### El Salvador recently approved changes to its ...
### El Salvador Drops Bitcoin ###
El Salvador recently approved changes to its Bitcoin law, which sparked a rally in its dollar bonds. This move indicates that the country is close to securing a $1.4 billion loan from the International Monetary Fund (IMF). However, the IMF had previously urged El Salvador to remove Bitcoin's status as legal tender due to concerns over financial stability, financial integrity, and consumer protection.
Now, I wonder how all those Bitcoiners that move there are feeling, betrayed probably...
#Bitcoin
El Salvador recently approved changes to its Bitcoin law, which sparked a rally in its dollar bonds. This move indicates that the country is close to securing a $1.4 billion loan from the International Monetary Fund (IMF). However, the IMF had previously urged El Salvador to remove Bitcoin's status as legal tender due to concerns over financial stability, financial integrity, and consumer protection.
Now, I wonder how all those Bitcoiners that move there are feeling, betrayed probably...
#Bitcoin