El Salvador to Change its Bitcoin Policy
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El Salvador, the first country to officially recognize Bitcoin as legal tender, is reconsidering its plans for BTC due to pressure from the International Monetary Fund (IMF).
This news comes as the country aims to finalize a $1.3 billion loan agreement with the IMF, which would involve making changes to its Bitcoin Law.
The agreement would require businesses to accept Bitcoin as a payment method to be voluntary, rather than mandatory.
It is expected to be approved within the next two to three weeks and would also open up access to loans from the World Bank and Inter-American Development Bank worth a total of $2 billion in the coming years.
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