El Salvador’s Bitcoin policies continue evolving as President Nayib Bukele amends the country’s crypto law to align with IMF requirements.
The reform, swiftly passed by Congress, clarifies that businesses are not required to accept BTC while maintaining its legal tender status—part of a $1.4 billion loan agreement with the IMF.
Despite this adjustment, El Salvador remains committed to Bitcoin, continuing to accumulate BTC as part of its financial strategy.
Globally, institutions like the Czech National Bank are considering Bitcoin reserves, while U.S. Senator Cynthia Lummis pushes for a national Bitcoin reserve plan.
Meanwhile, Bukele mocked former U.S. Senator Bob Menendez, convicted of bribery, for previously accusing El Salvador of using Bitcoin for corruption.
With Bukele securing a second term, the country’s pro-Bitcoin stance remains firm, with ongoing investments in crypto infrastructure and Bitcoin bonds.
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MicroStrategy, now rebranded as Strategy, has made another move to expand its Bitcoin holdings, filing with the U.S. Securities and Exchange Commission (SEC) to offer $500 million worth of shares.
The ongoing battle between gold and Bitcoin, often referred to as “digital gold,” has recently seen gold pull ahead in performance.