Re:El Salvador abandons Bitcoin as legal tender after failed...
by derektank on Monday February 03, 2025 @10:36PM
(#42927544)
Arguably, both preconditions could have been simply intended to secure an eventual return on the loan. Having a communist in political leadership and allowing citizens to pay their taxes in Bitcoin both increase fiscal risk. I can understand the IMF wanting to reduce that risk as much as possible before providing a loan.
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Re:El Salvador abandons Bitcoin as legal tender after failed...
by wordofx on Monday February 03, 2025 @10:59PM
(#42927720)
^ unsure why downvoting this as it’s 100% correct. IMF doesn’t hand out loans it doesn’t think will be paid back.
(This is where China swoops in and gives a loan at lower interest rates with shadow contracts to get the resources or assets)