El Salvador seeks changes to its Bitcoin policy to obtain a USD 1.3 billion loan from the IMF
El Salvador hopes to reach an agreement with the IMF for a loan of 1.3 billion USD in exchange for modifications to its Bitcoin Law
Discussion
So they caved.
Tragic.
Just going by this note it seems to me it's rather a blatant currency speculative attack and it'd be hilarious if the IMF accepted it (they won't, because El Salvador's Bitcoin position is already making them look bad as it is and this would only turbo charge it).
Fun times. PV