sad that the president of El Salvador has to abandon his crypto project. He sold out for a few million dollars. It would have been more practical to have created his own cryptocurrency.

El Salvador will limit its bitcoin purchases, says IMF

The International Monetary Fund (IMF) has given the green light to a new 40-month agreement under the Extended Fund Facility (EFF) for El Salvador, granting the country $1.4 billion in financing. The decision, approved today by the IMF's Executive Board, is conditional on the South American country's government restricting state transactions with bitcoin (BTC) and gradually disassociating it from the public sector.