El Salvador Amends Bitcoin Law Following IMF Agreement
- El Salvador’s lawmakers approved a bill to amend the Bitcoin law.
- The amendment aligns with an agreement for a $1.4 billion loan from the International Monetary Fund (IMF).
- The reform allows businesses to choose whether to accept cryptocurrency payments.
- The IMF’s Extended Fund Facility aims to mitigate Bitcoin-related risks in El Salvador.
- The reform passed with 55 votes in favor and two against in El Salvador’s congress.
El Salvador has amended its Bitcoin law, allowing businesses discretion over cryptocurrency payments, as part of a $1.4 billion IMF loan agreement aimed at reducing Bitcoin-related risks. The reform was approved by the country’s congress with significant support.
Source (2.6)https://dailyhodl.com/2025/01/31/el-salvador-passes-new-bitcoin-btc-legislation-tied-to-new-imf-1400000000-funding-deal-report/?rand=59076
