El Salvador Tweaks Bitcoin Law for IMF Deal but Stays Committed to Crypto

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.

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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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.