El Salvador's Bitcoin Strategy: IMF Acknowledges Economic Growth Amidst Tensions
Tensions surrounding El Salvador's adoption of Bitcoin as legal tender appear to be easing as the International Monetary Fund (IMF) has acknowledged the country's economic progress. According to reports, the IMF projects that the Central American nation's economy will grow by 4% this year. The development suggests a possible shift in the IMF's stance towards El Salvador's economic strategy, which includes holding Bitcoin. The report highlights the complex relationship between cryptocurrency adoption and traditional financial institutions.
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