CABEI Chairman: BTC is Unpopular Among El Salvador Users

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Dante Mossi, chairman of the Central American Bank for Economic Integration (CABEI), has said that there was “minor” distribution of Bitcoin and other cryptocurrencies among the population of El Salvador.

CABEI extended earlier this month a $450 million loan to El Salvador to pay off bonds next week.

CABEI is working with the country’s government to collect information about the debt, which also contains details about the purchase of bitcoin by local authorities.

The data obtained will be provided to the International Monetary Fund (IMF) for further recommendations. El Salvador cannot use credit funds to buy Bitcoin.