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El Salvador to Scale Back Bitcoin Efforts Under $1.4 Billion IMF Deal

After four years of negotiations, El Salvador entered a $1.4 billion loan agreement with the International Monetary Fund (IMF) Wednesday. The deal, however, may not be as sweet as it sounds.Provisions on the agreement imply that if approved, El Salvador would have to scale back certain aspects of its Bitcoin strategy, according to a statement from the intergovernmental organization.Initial details of the deal were disclosed earlier this month, with sources previously telling Decrypt the plan is ...

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