El Salvador Tweaks Bitcoin Law for IMF Deal but Stays Committed to Crypto
30.01.2025 14:00 1 min. read Alexander Zdravkov
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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