by: xpoolPosted on:

IMF’s Effort to Curb El Salvador’s Bitcoin Purchases Fails

The International Monetary Fund (IMF) has been unsuccessful in its efforts to persuade El Salvador to scale back its Bitcoin purchases, despite a $120 million payment agreement linked to its loan. The IMF hopes that by prompting El Salvador to curb its involvement with Bitcoin, it can manage the nation’s finances and prevent further strain on the country’s economy.

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