El Salvador considers IMF deal: El Salvador is contemplating reducing its Bitcoin initiative to secure a $1.3 billion deal with the IMF. This move is seen as crucial to bolster fiscal stability. The decision comes amid increasing global scrutiny and the nation’s economic struggles.

Impact of policy change on Bitcoin: Scaling back the Bitcoin policy indicates a strategic shift to address fiscal deficits and align with IMF requirements. The change may impact future cryptocurrency engagements in El Salvador, as international financial institutions closely watch these developments.