DSmith on Nostr: In reality, El Salvadore increased their bitcoin purchases from 1 Bitcoin per day to ...
In reality, El Salvadore increased their bitcoin purchases from 1 Bitcoin per day to 12 bitcoin per day, nice!
quoting note1l30…49mvEl Salvador | Bitcoin Adoption Limited as Government Comes to Terms With IMF
El Salvador finalized a $1.4 billion agreement with the International Monetary Fund (IMF) to support the government’s economic reform agenda at the cost of scaling back some of its Bitcoin policies. The deal will make accepting Bitcoin in the private sector voluntary, require all taxes to be paid in US dollars (as opposed to making it possible to pay in BTC), and see Chivo, the government-supported Bitcoin wallet, gradually unwound. In addition, the government will enhance “transparency, regulation, and supervision of digital assets” and establish a stronger Anti-Money Laundering and Counter-Financial Terrorism (AML/CFT) framework.