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Re:El Salvador abandons Bitcoin as legal tender after failed... by Mengkudulangsat on Monday February 03, 2025 @08:10PM (#42926024)
Hmm.. I didn't know that. Which makes the demand purely political then. I recall IMF making the same demand from an island country a few years ago too.

https://www.imf.org/en/Blogs/Articles/2021/07/26/blog-crypto...

Re:El Salvador abandons Bitcoin as legal tender after failed... by mattnewton on Monday February 03, 2025 @08:38PM (#42926347)
The IMF feels bitcoin is a risky asset and doesn’t want to be a part of that gamble when making its loan. The IMF has a history of making lots of conditions they feel minimize risk.

To me it looks more like my bank mandating I carry certain kinds of insurance in the terms of my mortgage than a political bias, but I am not an expert.

Re:El Salvador abandons Bitcoin as legal tender after failed... by iforgot22 on Monday February 03, 2025 @09:03PM (#42926606)
"urged officials to limit its exposure" is what the Reuters article said, so yeah. They think El Salvador's ability to repay the loan is tied too much to BTC.