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El Salvador buying or mining more Bitcoin could cost country $3.5 billion in IMF funding

The International Monetary Fund (IMF) has approved a new 40-month arrangement under the Extended Fund Facility (EFF) for El Salvador, providing access to approximately $1.4 billion to boost the country’s growth prospects and address macroeconomic imbalances. A new report published on March 3 follows El Salvador’s undertaking of significant policy reforms, including restrictions on its […]

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