El Salvador Adjusts Bitcoin Law for IMF Loan
- El Salvador’s Congress amended Bitcoin legislation, making acceptance optional for businesses.
- The changes were necessary to secure a $1.4 billion loan from the International Monetary Fund (IMF).
- El Salvador continues to accumulate Bitcoin, recently purchasing an additional 12 BTC.
- The country currently holds 6,049 BTC, valued at approximately $633 million.
- El Salvador was the first country to legalize Bitcoin as legal tender in 2021.
To meet IMF requirements and secure a $1.4 billion loan, El Salvador made Bitcoin acceptance optional for businesses while continuing to increase its cryptocurrency reserves.
Source (2.6)https://hodl.press/el-salvador-amends-bitcoin-law-to-meet-imf-standards/?rand=24434
