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Bitcoin Cash USD: El Salvador to discontinue its bitcoin wallet amidst IMF deal

December 20, 2024
El Salvador, in its recent agreement with the International Monetary Fund (IMF), has decided to discontinue or sell its bitcoin wallet. The move came as a surprise as El Salvador had become the first country to adopt Bitcoin as legal tender. The decision is seen as a step towards complying with the IMF's guidelines and maintaining stability in the country's financial system. The government aims to focus on promoting financial inclusion and digital currency adoption through other means. This development has led to a dip in Bitcoin Cash USD (BCH-USD) prices as investors express concerns about the potential impact on Bitcoin and the wider cryptocurrency market. Experts from Stocks Prognosis recommend seeking professional advice before making any investment decisions in this volatile market.
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