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0 sats \ 2 replies \ @Solomonsatoshi 8 Jun \ on: Naïveté or Genius? Bitcoin meets the IMF and El Salvador bitcoin
It is surely possible that El Salvador could continue to accumulate Bitcoin without any violation of the IMFs conditions by accepting Bitcoin as payment of taxes or other government services and forwarding such revenue to the SBR. This would not involve any expenditure of government funds for the purchase of Bitcoin but simply the saving of Bitcoin paid to government. Such retention of any Bitcoin paid to the government as tax or fees or other government services would not appear to 'violate the IMF agreement by purchasing Bitcoin using public money'...because no purchase would have occurred.
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10 sats \ 1 reply \ @teemupleb 8 Jun
The deal between IMF and El Salvador agreed that taxes can only be paid in US dollars
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0 sats \ 0 replies \ @Solomonsatoshi 8 Jun
Ok but can other government charges be levied in Bitcoin? I thought there was a scheme where you can gain citizenship with 3 BTC? Is the El Salvador government barred by the IMF agreement from accepting Bitcoin for all services it provides? Cannot a government agency or enterprise accept Bitcoin and then allocate some or all of that Bitcoin to the El Salvador Bitcoin Reserve?
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