Smith
Bitcoin + Open Source Software + Privacy = Freedom. Stay humble and stack sats🤙
El Salvador | Bitcoin Adoption Limited as Government Comes to Terms With IMF El Salvador finalized a $1.4 billion agreement with the International Monetary Fund (IMF) to support the government’s economic reform agenda at the cost of scaling back some of its Bitcoin policies. The deal will make accepting Bitcoin in the private sector voluntary, require all taxes to be paid in US dollars (as opposed to making it possible to pay in BTC), and see Chivo, the government-supported Bitcoin wallet, gradually unwound. In addition, the government will enhance “transparency, regulation, and supervision of digital assets” and establish a stronger Anti-Money Laundering and Counter-Financial Terrorism (AML/CFT) framework.
El Salvador | Bitcoin Adoption Limited as Government Comes to Terms With IMF
El Salvador finalized a $1.4 billion agreement with the International Monetary Fund (IMF) to support the government’s economic reform agenda at the cost of scaling back some of its Bitcoin policies. The deal will make accepting Bitcoin in the private sector voluntary, require all taxes to be paid in US dollars (as opposed to making it possible to pay in BTC), and see Chivo, the government-supported Bitcoin wallet, gradually unwound. In addition, the government will enhance “transparency, regulation, and supervision of digital assets” and establish a stronger Anti-Money Laundering and Counter-Financial Terrorism (AML/CFT) framework.
In Russia, the State Duma passed sweeping amendments granting officials the ability to equate “funding extremist activities” with “financing terrorism.” These changes allow officials to label anyone accused of spreading “fake news” or “discrediting” the military and authorities as “terrorists and extremists.” This development threatens activists and civil society organizations with intensified financial repression, including frozen accounts, restricted access to funds, and strict withdrawal limits.
In Russia, the State Duma passed sweeping amendments granting officials the ability to equate “funding extremist activities” with “financing terrorism.” These changes allow officials to label anyone accused of spreading “fake news” or “discrediting” the military and authorities as “terrorists and extremists.” This development threatens activists and civil society organizations with intensified financial repression, including frozen accounts, restricted access to funds, and strict withdrawal limits.
In
Russia, the State Duma passed sweeping amendments granting officials the ability to equate “funding extremist activities” with “financing terrorism.” These changes allow officials to label anyone accused of spreading “fake news” or “discrediting” the military and authorities as “terrorists and extremists.” This development threatens activists and civil society organizations with intensified financial repression, including frozen accounts, restricted access to funds, and strict withdrawal limits
In Russia, the State Duma passed sweeping amendments granting officials the ability to equate “funding extremist activities” with “financing terrorism.” These changes allow officials to label anyone accused of spreading “fake news” or “discrediting” the military and authorities as “terrorists and extremists.” This development threatens activists and civil society organizations with intensified financial repression, including frozen accounts, restricted access to funds, and strict withdrawal limits.
One can only hope that the Fed and the incoming administration have the intestinal fortitude to let the market correct appropriately, reprice, clear out the bad assets and credit that exists in the system and let the cleanse happen relatively unperturbed. That has what has been desperately needed since 2008, arguably longer.
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