📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Is El Salvador Turning Back from the Bitcoin Path? Very Close to an Agreement with the IMF! - Coin Bulletin
The government of El Salvador is stepping back from using Bitcoin as a legal tender and is approaching an agreement with the International Monetary Fund (IMF) on a $1.3 billion loan deal.
According to sources close to the negotiations, the agreement is expected to be completed within the next two to three weeks.
Bitcoin can eliminate the necessity
Under the agreement, El Salvador committed to removing the obligation for businesses to accept Bitcoin as a means of payment and making it voluntary.
In addition, it is reported that the government has agreed to reduce the budget deficit by up to 3.5% of GDP, enact an anti-corruption law, and increase its reserves from 11 billion dollars to 15 billion dollars.
El Salvador became the first country to adopt Bitcoin as a legal tender in 2021, but the IMF criticized this decision due to financial stability and security risks. The IMF has long been urging the country to abandon this policy.
President Nayib Bukele increased the country's reserves by buying during Bitcoin's downturns and last month stated on social media that the country's Bitcoin reserves were over $600 million. However, the majority of the public still prefers the US dollar for daily transactions.