Summary
- El Salvador's President met with Michael Saylor and discussed about Bitcoin.
- El Salvador announced the abolition of mandatory Bitcoin payment regulations in accordance with IMF financial support conditions.
- The IMF demanded a reduction in national Bitcoin operations while providing $1.4 billion in financial support to El Salvador.
El Salvador President Nayib Bukele has met with Michael Saylor, founder of MicroStrategy.
On the 14th (local time), El Salvador's Presidential Bitcoin Office announced through their official X (formerly Twitter) that "President Bukele met with Strategy founder Michael Saylor this afternoon to discuss Bitcoin."
Meanwhile, El Salvador late last month abolished regulations requiring retail and wholesale businesses to mandatorily adopt Bitcoin payments. This was to comply with IMF's financial support program conditions, as the IMF had demanded El Salvador reduce its national Bitcoin operations when agreeing to a $1.4 billion financial support package.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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