El Salvador Amends Bitcoin Law to Meet IMF Loan Terms
- El Salvador’s Congress passed a bill amending its Bitcoin law with 55 votes in favor and two against.
- The amendment aligns with a $1.4 billion loan agreement with the International Monetary Fund (IMF).
- The reform makes Bitcoin acceptance voluntary, addressing IMF concerns.
- Bitcoin remains legal tender but limits mandatory use in transactions.
- President Nayib Bukele’s New Ideas Party holds a majority in Congress.
El Salvador’s legislative change ensures Bitcoin remains legal tender while making its acceptance voluntary, meeting conditions of a $1.4 billion IMF loan agreement. The bill passed with significant support from President Bukele’s party.
Source (2.6)https://cryptobriefing.com/el-salvador-bitcoin-law-amendment/?rand=59535
