2024-12-19
IMF announces deal with El Salvador for $1.4b loan. Fund's reservations over Bitcoin resolved by making accepting Bitcoin voluntary. Tough austerity, budget cuts to come. Vague promises about ES's lack of budget transparency and on money laundering. https://www.imf.org/...
Decrypt
El Salvador plans to scale back its bitcoin efforts under an IMF deal for a $1.4B loan; bitcoin acceptance will no longer be mandatory for the private sector
Vince Dioquino / Decrypt :
2022-07-04
.@raudaz_ is correct: what was sold as banking for the unbanked was really a hail mary to finance a deeply indebted authoritarian state with worthless bonds https://www.nytimes.com/...
New York Times
How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government's growing authoritarianism on the world stage and spread local propaganda
and lining their pockets — at the expense of our rights and livelihoods.” https://www.nytimes.com/... Alex Gladstein / @gladstein : “Bitcoiners aren't supposed to trust government....
2022-07-03
.@raudaz_ is correct: what was sold as banking for the unbanked was really a hail mary to finance a deeply indebted authoritarian state with worthless bonds https://www.nytimes.com/...
New York Times
How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government's growing authoritarianism on the world stage and spread local propaganda
SAN SALVADOR — Bitcoiners — enthusiasts of the world's most popular cryptocurrency — aren't supposed to trust government. Tweets: @timmuth , @fredbenenson , @schwarz , @stalfel , @...