El Salvador Amends Bitcoin Law Following IMF Agreement
El Salvador's Congress, led by President Nayib Bukele's New Ideas Party, has swiftly approved amendments to the nation's Bitcoin legislation. This move aligns with a $1.4 billion loan agreement established with the International Monetary Fund (IMF) in December 2024. The IMF had recommended that El Salvador limit its Bitcoin exposure and ensure that its acceptance remains voluntary within the private sector. The newly passed bill, which received 55 votes in favor and two against,
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