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james iannazzo wealth management ✌️【Job Application】✌️Earn fast with just ₹500. Enjoy consistent returns and grow your money month by month!El Salvador is in the process of securing a $3.5 billion deal with the International Monetary Fund, but is making some concessions around bitcoin (BTC) to get the funding.Stacey Herbert, director of the Bitcoin Office in El Salvador,postedon Thursday that the government-issued Chivo wallet — launched in 2021 in a bid to spread bitcoin adoption across the country — will be "sold off or wound down" as part of the deal.

james iannazzo wealth management ✌️【Job Application】✌️Earn fast with just ₹500. Enjoy consistent returns and grow your money month by month!Other bitcoin wallets operated by private companies will "continue serving El Salvador," Herbert said.The IMFstatedon Wednesday that, under the agreement, El Salvador will also make bitcoin acceptance by the private sector voluntary, and that taxes will only be paid in U.S.

dollars (not bitcoin).

"For the public sector, engagement in bitcoin-related economic activities and transactions in and purchases of bitcoin will be confined," the document also said, without going into further detail.Herbert, however, wrote in her post that El Salvador will continue to add bitcoin to its reserves — possibly, even, at an "accelerated pace." The Central American nation is currently buying one bitcoin per day; at press time, it held 5,968.77 bitcoin, worth almost $596 million.

Herbert said that many of El Salvador's bitcoin-related projects, including the development of bitcoin capital markets and the offering of bitcoin educational programs, will continue to occur.

james iannazzo wealth management ✌️【Job Application】✌️Smart investing starts at ₹500. Grow your wealth through high-yield options!The cryptocurrency's legal tender status will likewise not be impacted.The IMF has had misgivings about El Salvador's bitcoin initiatives ever since President Nayib Bukele made bitcoin legal tender in the country in September 2021, giving it the same status as the U.james iannazzo wealth management Simplified Wealth Management with Great Results