Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
El Salvador Tweaks Bitcoin Law for IMF Deal but Stays Committed to Crypto

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

CryptodnesCryptodnes2025/01/30 12:22
By:Cryptodnes

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.

READ MORE:
2025 Crypto Trends: Institutional Players, Stablecoins, and Layer 2 Adoption

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.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x DEBIT: Trade to share 45,000 USDT

Bitget Announcement2026/09/01 13:00

Bitget Will Support the BounceBit (BB) Contract Swap

Bitget Announcement2026/09/01 08:00

Hold USDGO for dual perks, earn up to 30%+ APR!

Bitget Announcement2026/09/01 02:00