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El Salvador to scale back bitcoin dreams to seal $1.3bn IMF dealwww.ft.com/content/847cdb57-2d56-4259-ab8e-f95032efa259
230 sats \ 4 comments \ @Rsync25 9 Dec 2024 bitcoin
Oh, why I'm not surprised.
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12 sats \ 0 replies \ @Rsync25 OP 9 Dec 2024
No paywall: https://archive.ph/20241209124746/https://www.ft.com/content/847cdb57-2d56-4259-ab8e-f95032efa259
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100 sats \ 2 replies \ @k00b 9 Dec 2024
Under the terms of the agreement being finalised with the Washington-based fund, El Salvador would drop a legal requirement for businesses to accept bitcoin as payment, making it voluntary to do so.
For El Salvador, this doesn't seem like much of a loss. Based on all the reports we've seen, MoE usage in El Salvador wasn't much stronger than in other places.
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10 sats \ 1 reply \ @DarthCoin 9 Dec 2024
That's how Bitfinex will get those billions and create some bullshit tether... and fooling an entire nation.
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0 sats \ 0 replies \ @Ge 9 Dec 2024
Does sound like a sell out I get it on one hand to not control the people as to what to use but with so much good it's been doing for them keep that in law....idk maybe your right @DarthCoin "The dark side is a pathway to many abilities some consider to be unnatural"
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