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Smart Supply Chains Logistics Optimization ✌️【Market Analysis】✌️Invest ₹500 and earn up to 100% returns every month. Start now!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.

Smart Supply Chains Logistics Optimization ✌️【Market Analysis】✌️Invest ₹500 and earn up to 100% returns every month. Start now!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.

Smart Supply Chains Logistics Optimization ✌️【Market Analysis】✌️Start with ₹500 and earn reliable, high returns each and every month!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.Smart Supply Chains Logistics Optimization ✌️【Market Analysis】✌️Low risk, high rewards. Start your investment with ₹500 and earn up to 100% monthly!