According to the Financial Times, citing unnamed sources, El Salvador plans to ease requirements that force local businesses to accept bitcoin in a move to obtain loans of more than $3 billion.
By shifting to a policy that allows businesses to voluntarily accept bitcoin, El Salvador could reach a loan agreement worth $1.30 billion with the international monetary fund, sources said. The deal will also reportedly unlock two loans, a $1 billion loan from the World Bank and another $1 billion loan from the Inter-American Development Bank. The country also agreed to reduce its budget deficit, pass an anti-corruption law and increase its reserves in order to access loans from the international monetary fund, the Financial Times said.
El Salvador Plans to Ease Bitcoin Acceptance Requirements to Unlock $3 billion Loans
2024-12-09 18:16:06
Finance Times quoting Anonymous sources sources reports El Salvador plansdesk3cryptocurrencydesktopCrypto News
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