El SalvadorThe International Monetary Fund (IMF) has approved the bill that changed the strategy of adopting crypto currency within the scope of an agreement of $ 1.4 billion. President Nayib bouquetBitcoin of the private sector $105,198.9 He took his acceptance from the necessity and turned it to a volunteering basis. The bill was rapidly accepted by 55 “Yes” and 2 “No” votes.
The agreement signed with the IMF within the framework of the 40 -month support program will finance the country’s economic reforms. However, the limitation of the use of bitcoin between the conditions of the fund and Crypto Money MarketThere is also a firm inspection.
What are the conditions for the IMF agreement with El Salvador?
IMF The agreement reached with El Salvador’s crypto monetary policies will reshape. The Fund demanded that crypto currencies be regulated in a transparent way to protect financial stability in the country. In this context, private companies BTC The obligation to accept was abolished.
The agreement also foresees the guarantee of consumer and investor rights. IMF officials, El Salvador crypto currency He stressed that he should take steps to reduce risks in the market.
Currently, the El Salvador government has 6 thousand 49 BTCs of 636 million dollars in the safe of the government.
Bitcoin adoption in the country is moving very slowly
El Salvador went down in history as the first country to declare Bitcoin in 2021 as an official currency. The government argued that this move would increase financial inclusiveness. However, President Bukle, said in a statement last year that the adoption process was slower than expected.
Experts draw attention to the lack of trust of citizens Bitcoin. Especially low -income cutting prefers to adhere to traditional methods because of the complexity of the use of crypto currencies. However, the risk of depreciation of the government’s Bitcoin reserves increases economic concerns.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
