El Salvador's Bitcoin Legislation Amended Post-IMF Agreement
El Salvador's Congress has swiftly approved amendments to the nation's #bitcoin law to align with a $1.4 billion loan agreement with the International Monetary Fund (IMF). The revised legislation ensures $BTC remains legal tender while addressing IMF concerns by limiting government exposure and making its acceptance voluntary for the private sector. The bill passed with 55 votes in favor and two against. Despite IMF reservations, President Nayib Bukele's administration plans to continue acquiring Bitcoin to bolster national reserves.
