Crypto Daily – With ($BTC) still tracking around the $100,000 level, the world is preparing for the next huge stage of Bitcoin adoption. As massive institutions and sovereign countries climb aboard, the adoption curve is about to get a lot steeper.
El Salvador becomes more flexible to accommodate IMF
When one thinks of Bitcoin adoption on the sovereign level, El Salvador will normally spring to mind. The very first country to make Bitcoin legal tender, following the lead of its far-sighted President Nayib Bukele, El Salvador has ploughed a lonely furrow up till now, with dire warnings from the IMF as to what would happen with such a policy in place.
However, despite this, El Salvador’s adoption of Bitcoin has done wonders for the country, as its holdings have produced more than $300 million in profit thus far.
Nevertheless, the IMF is back again, and this time has obliged El Salvador to make some changes to its Bitcoin policy, one of the many strings attached…
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