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El Salvador Gets Extra $138 Million From IMF, Halts Bitcoin Buys
Original: El Salvador Secures Additional $138 Million From IMF, Says No Further Bitcoin Purchases Planned
El Salvador has secured an additional $138 million from the International Monetary Fund and said it does not plan to make further Bitcoin purchases. The agreement adds to the country's existing IMF programme, and the commitment to stop accumulating Bitcoin marks a notable shift from the pro-crypto stance that made the Central American nation a global reference point for state-level Bitcoin adoption.
Why now: The IMF deal paired with a pledge to stop buying Bitcoin signals a major reversal in El Salvador's headline-grabbing crypto policy.
El SalvadorInternational Monetary FundBitcoin
Evidence
- El Salvador Secures Additional $138 Million From IMF, Says No Further Bitcoin Purchases Planned · en.bloomingbit.io
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