They reached a $1.4B agreement yesterday. Have to wind down Chivo, revert tax payments in btc (only payable in Dollars again), have to „limit“ btc purchases, and „improve transparency, regulation, and supervision“ of btc usage (aml).

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That’s seems like a lot for 1.4B

Really bending the knee.

Do you have a link for the full details?

Chivo wallet wasn't even used in ES. It was already voluntary for private sector as the public hasn't adopted Bitcoin actually. Everything is in paper only. Honestly, in a day to day life, nothing in ES will change.

Looks like availability of imf bond without ES use of kyc/all for citizens because a huge % don't use central banks?

cope

Everything the state has promised is temporary, except for temporary measures. Never trust the state, never get manipulated into being dependent on the state.

This is no surprise. Can't wait for max keiser mental gymnastics about this.

Ok that is no biggie IMHO. Law was compulsory just in writing, never really enforced. winding down chivo is great for the people. I always saw it as a CBDC in orange disguise. State cannot simply control both sides of the transaction. Taxes Pff I believe nobody paid them with sats. In summary I would say bukele kept his cake and ate it too. It is a negotiation in which FMI looks good for the masses that are not in the known and Bukele can carry on his merry way stacking sats.