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đĽBRUTALđĽ
The IMF (International Monetary Fund) Affirming that #Bitcoin is "Digital Gold" đđĽ
UNSTOPPABLE đđ
#BTC #FMI #BTCâ #BTCčľ°ĺżĺć #OroDigital $BTC
The IMF (International Monetary Fund) Affirming that #Bitcoin is "Digital Gold" đđĽ
UNSTOPPABLE đđ
#BTC #FMI #BTCâ #BTCčľ°ĺżĺć #OroDigital $BTC
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The #Salvador Adjust Policies of $BTC to Obtain Loan from #FMI đ
El Salvador has agreed to make significant changes to its #politicas on Bitcoin to receive a loan of 1.4 billion dollars from the IMF. The reforms include making the acceptance of Bitcoin by the private sector voluntary and limiting the public sector's involvement in Bitcoin-related activities. Despite the initial adoption of Bitcoin in 2021, a recent survey shows that 92% of Salvadorans do not use Bitcoin for transactions. The agreement, which still requires approval, will facilitate additional loans and raises the total financing package to over 3.5 billion dollars. $BTC
El Salvador has agreed to make significant changes to its #politicas on Bitcoin to receive a loan of 1.4 billion dollars from the IMF. The reforms include making the acceptance of Bitcoin by the private sector voluntary and limiting the public sector's involvement in Bitcoin-related activities. Despite the initial adoption of Bitcoin in 2021, a recent survey shows that 92% of Salvadorans do not use Bitcoin for transactions. The agreement, which still requires approval, will facilitate additional loans and raises the total financing package to over 3.5 billion dollars. $BTC
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đą #FMI suggests El Salvador minimize exposure to Bitcoin! đ¨
On Thursday, October 3, the International Monetary Fund (IMF) issued a warning to El Salvador regarding the use of Bitcoin in the country! đ§
đ The IMF recommends El Salvador reduce Law $BTC and increase regulation and supervision of cryptocurrencies. Spokesperson Julie Kozack stressed that the government should reduce exposure to Bitcoin, especially in the public sector. â ď¸
While praising President Bukele's budget for 2025, which foresees the country being debt-free by that year, the IMF remains concerned about the risks to fiscal and financial stability related to the use of Bitcoin. đď¸đ
What do you think about this?
#ElSalvadorBitcoin #Bukele #MarketDownturn #bitcoinhoy $BTC
On Thursday, October 3, the International Monetary Fund (IMF) issued a warning to El Salvador regarding the use of Bitcoin in the country! đ§
đ The IMF recommends El Salvador reduce Law $BTC and increase regulation and supervision of cryptocurrencies. Spokesperson Julie Kozack stressed that the government should reduce exposure to Bitcoin, especially in the public sector. â ď¸
While praising President Bukele's budget for 2025, which foresees the country being debt-free by that year, the IMF remains concerned about the risks to fiscal and financial stability related to the use of Bitcoin. đď¸đ
What do you think about this?
#ElSalvadorBitcoin #Bukele #MarketDownturn #bitcoinhoy $BTC
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đĽEl Salvador will limit some activities with Bitcoin due to an agreement with the IMF đ
#ElSalvador and the International Monetary Fund (#FMI ) have reached an agreement for the country to limit domestic activities related to #Bitcoin , in exchange for a financing package.
The financing package provided by the IMF, which is expected to last for 40 months, includes a loan of $1.4 billion, aimed at supporting El Salvador's reform agenda and addressing the country's balance of payments needs.
In June 2021, El Salvador adopted Bitcoin as legal tender. With this new agreement, El Salvador would make the acceptance of Bitcoin by merchants voluntary, the country would reduce its participation in the Chivo wallet, and the public sector's involvement in economic activities with Bitcoin would be limited.
The agreement still needs the approval of the IMF's executive board to be implemented.
After the agreement, will El Salvador be able to continue buying Bitcoin?đ¤
đMore crypto updates ...
Share and follow me for more đđ
$BTC
#ElSalvador and the International Monetary Fund (#FMI ) have reached an agreement for the country to limit domestic activities related to #Bitcoin , in exchange for a financing package.
The financing package provided by the IMF, which is expected to last for 40 months, includes a loan of $1.4 billion, aimed at supporting El Salvador's reform agenda and addressing the country's balance of payments needs.
In June 2021, El Salvador adopted Bitcoin as legal tender. With this new agreement, El Salvador would make the acceptance of Bitcoin by merchants voluntary, the country would reduce its participation in the Chivo wallet, and the public sector's involvement in economic activities with Bitcoin would be limited.
The agreement still needs the approval of the IMF's executive board to be implemented.
After the agreement, will El Salvador be able to continue buying Bitcoin?đ¤
đMore crypto updates ...
Share and follow me for more đđ
$BTC
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NEWS ALERT: El Salvador đŹđš accumulates $BTC Bitcoin every day đđ¤
They buy daily, ignoring the concerns of #FMI , and then repeat! Since 2022, they have been accumulating sats as if it were their job (well, in a way it is đŹ).
An impressive 6,150 BTC, $BTC and counting, worth a handsome $522M.
Meanwhile, the IMF is like "take it easy, buddy" after that $1.4B loan we gave you, but they said "no, it's all good đ". It seems like they are betting big on the future of #Bitcoin... or just trying to secretly make Michael Saylor a little jealous
ďťż#TRUMP ďťż#BNBChain.
They buy daily, ignoring the concerns of #FMI , and then repeat! Since 2022, they have been accumulating sats as if it were their job (well, in a way it is đŹ).
An impressive 6,150 BTC, $BTC and counting, worth a handsome $522M.
Meanwhile, the IMF is like "take it easy, buddy" after that $1.4B loan we gave you, but they said "no, it's all good đ". It seems like they are betting big on the future of #Bitcoin... or just trying to secretly make Michael Saylor a little jealous
ďťż#TRUMP ďťż#BNBChain.
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The Argentine government officially announced the lifting of the currency controls, a historic measure that marks the beginning of a new economic phase. After years of restrictions imposed on the foreign exchange market, the free buying and selling of dollars for individuals and legal entities is again permitted, within the framework of a new financing agreement for 20 billion dollars. The exchange rate will begin to be governed by a controlled floating band between 1,000 and 1,400 pesos per dollar, with monthly adjustments of 1%.
The declared objective of the economic team is clear: to normalize the foreign exchange market, stabilize the peso, and reduce inflation. Minister Luis Caputo emphasized that this measure aims to strengthen competitiveness and attract investments, while also relaxing import payment regulations. However, some restrictions, such as the distribution of profits abroad, will remain in effect until 2025.
The new economic package has international backing: the World Bank and the IDB will jointly provide more than 20 billion dollars. Nevertheless, significant challenges persist, such as containing volatility and the risk of a sharp devaluation. The transition will be key to assessing the success of this bold endeavor.
$BTC
The declared objective of the economic team is clear: to normalize the foreign exchange market, stabilize the peso, and reduce inflation. Minister Luis Caputo emphasized that this measure aims to strengthen competitiveness and attract investments, while also relaxing import payment regulations. However, some restrictions, such as the distribution of profits abroad, will remain in effect until 2025.
The new economic package has international backing: the World Bank and the IDB will jointly provide more than 20 billion dollars. Nevertheless, significant challenges persist, such as containing volatility and the risk of a sharp devaluation. The transition will be key to assessing the success of this bold endeavor.
$BTC
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