IMF Press release for El Salvador. This is insane. Big loss for Bitcoin in El Salvador.
This is nothing like the "shops just don't have to accept Bitcoin anymore" that everybody thought it was. Read this.
https://www.imf.org/en/News/Articles/2024/12/18/pr-24485-el-salvador-imf-reaches-staff-level-agreement-on-an-eff-arrangement
Oof. That said, Chivo wallet being unwound is probably good. It was a shitshow.
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