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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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IMF's compliance goals with El Salvador's Bitcoin hindered, may affect $1.3 billion loan
[Coin World] According to reports, the International Monetary Fund (IMF) faces disruptions in its compliance goals for Bitcoin agreements with El Salvador. These goals are aimed at ensuring macroeconomic stability and AML compliance. Since the official crypto Wallet was launched, it has encountered technical issues, cybersecurity concerns, and user dissatisfaction. Reports of Wallet vulnerabilities have raised questions among users about the effectiveness of money laundering and counter-terrorism financing measures. If compliance cannot be demonstrated, it may jeopardize the IMF's $1.3 billion loan and affect the credibility and investment interest in El Salvador's Bitcoin initiative.