El Salvador, the first country to adopt Bitcoin as legal tender, has secured a $1.4 billion loan from the IMF—but there’s a catch! 😳 The loan comes with strict conditions, including limitations on Bitcoin usage, signaling the ongoing battle between decentralized finance and traditional financial institutions.
🔹 What’s Happening?
The IMF has long opposed El Salvador’s Bitcoin adoption, citing financial risks.
Now, it’s imposing policy restrictions to limit BTC’s role in the country’s economy.
This move could impact El Salvador’s Bitcoin strategy and its efforts to become a global crypto hub.
💭 Will President Nayib Bukele comply or double down on BTC adoption? 🚀🇸🇻
What do you think? Is the IMF trying to control El Salvador’s economy, or is this a necessary step? 🤔🔥
