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What’s the status of Bitcoin in El Salvador after its IMF deal?

El Salvador modified its Bitcoin legislation due to pressures from the IMF, which recently provided a loan of 1.4 billion USD. The changes raise concerns about the country’s ongoing BTC acquisition and its classification as a voluntary legal tender, complicating the legal framework surrounding Bitcoin.

The Salvadoran government’s future dealings with Bitcoin remain uncertain due to the legal ambiguities introduced by the recent amendments. With the IMF casting doubt on Bitcoin’s stability implications, the nation might limit further BTC purchases, affecting its broader economic strategy.

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