El Salvador Scales Back Bitcoin Law to Secure $1.4 Billion IMF Deal

The reform takes place in the midst of negotiations with the IMF; the entity defined 'mitigating bitcoin risks' as one of the conditions for lending 1.4 billion dollars.

The government changed the law to obtain a large loan from the International Monetary Fund

El Salvador Scales Back Bitcoin Law to Secure $1.4 Billion IMF Deal

El Salvador’s Congress has approved significant changes to its Bitcoin law, marking a shift in the country’s cryptocurrency policy. The move comes as part of efforts to secure a $1.4 billion loan agreement with the International Monetary Fund (IMF). The revised legislation, passed on January 29, 2025, removes the requirement for businesses to accept Bitcoin […]

Salvadoran Congress decision complies with the request of the International Monetary Fund and eliminates mandatory acceptance of bitcoin

El Salvador renounces the legal tender of Bitcoin and returns to the Dollar - Economic Scenarios

Merchants in El Salvador, the first country to make Bitcoin legal tender, will no longer be forced to accept the cryptocurrency as payment , under a

El Salvador Passes New Bitcoin (BTC) Legislation Tied to New IMF $1,400,000,000 Funding Deal: Report - The Daily Hodl

The first country to use Bitcoin (BTC) as a legal tender has reportedly passed a new law that will scale back its crypto efforts. Reuters reports that on Wednesday, lawmakers in El Salvador approved a bill to amend the nation’s Bitcoin law in compliance with a deal that the government struck with the International Monetary Fund (IMF). In December, the government of El Salvador and a staff team from the IMF reached a deal for a $1.4 billion loan …