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El Salvador to Cut Back Bitcoin Strategy for IMF’s $1.4 Billion Loan?
In a shocking turn of events, El Salvador may be forced to significantly curtail its Bitcoin strategy in exchange for a massive $1.4 billion loan from the International Monetary Fund (IMF). The country’s decision comes after years of deliberations and has sparked concerns among the crypto community.
As per the IMF’s statement, El Salvador will need to restrict its involvement with Bitcoin-related economic activities and transactions to a significant extent. This move is seen as a major blow to the country’s ambitious plans for a Bitcoin-based economy.
Source: www.cryptonewsz.com
