El Salvador Withdraws Bitcoin Legal Tender Status
- El Salvador passed a reform modifying the “Bitcoin Law.”
- The reform aligns with an IMF agreement from the previous year.
- The country is set to receive a $1.4 billion credit facility.
- Bitcoin acceptance in El Salvador is now voluntary.
El Salvador has amended its Bitcoin Law to comply with IMF requirements, enabling access to a $1.4 billion credit facility. The reform makes Bitcoin acceptance voluntary, aligning with international financial agreements.
Source (2.6)https://news.bitcoin.com/el-salvador-complies-with-imf-requirements-bitcoin-legal-tender-status-withdrawn/?rand=52384
