As part of 2025 deal with IMF El Salvador agreed to amend it’s 2021 Bitcoin law making Bitcoin acceptance voluntary for businesses, limiting public sector involvement in crypto-related activities, and ensuring taxes are paid exclusively in US dollars

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As part of 2025 deal with IMF El Salvador agreed to amend it’s 2021 Bitcoin law making Bitcoin acceptance voluntary for businesses, limiting public sector involvement in crypto-related activities, and ensuring taxes are paid exclusively in US dollars

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10:00pm, Monday, January 29, 2001

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One key condition for securing the loan was the removal of Bitcoin’s legal tender status in the country. The loan agreement stipulates that “public sector engagement in Bitcoin-related economic activities, transactions, and purchases will be limited
The IMF agreement, signed in December, required El Salvador to make Bitcoin acceptance voluntary for businesses, confine public sector involvement in crypto-related activities, and ensure taxes are paid exclusively in US dollars

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International Monetary Fund (IMF)

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