El Salvador considers Bitcoin law changes to secure $1.3 billion IMF loan

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El Salvador, the pioneering country that introduced Bitcoin legal tender, is proposing major changes to its Bitcoin legislation. This perspective shift occurs as the government seeks a pivotal agreement with the International Monetary Fund (IMF) for a $1.3 billion loan. The revisions would allow El Salvador to address the IMF’s ongoing worries about the financial ramifications of its cryptocurrency effort, which was started in September 2021. The context for El Salvador’s Bitcoin Journey El Salv...