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El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment (ticotimes.net)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 43 points 2 days ago* (last edited 2 days ago) (1 children)

Its even funnier. They just straight up promised them a billion dollar loan on the condition that they abandon bitcoin.

In December, the government struck a $1.4 billion loan deal with the International Monetary Fund (IMF) that scaled back its bitcoin embrace after the lender urged officials to limit its exposure. The lender specifically advocated making acceptance of bitcoin voluntary for the private sector, which is spelled out in the hastily-approved law.

https://www.reuters.com/world/americas/lawmakers-el-salvador-rush-new-bitcoin-reform-after-imf-deal-2025-01-30/

[–] [email protected] 16 points 2 days ago (1 children)

Hot damn why is this not the headline we are seeing

[–] [email protected] 7 points 2 days ago

Thats what im wondering, because thats the blog post headline i first saw.