$BTC

Recent developments indicate a significant shift in Bitcoin policy, particularly in El Salvador. Initially, El Salvador embraced Bitcoin as legal tender in 2021, aiming to revolutionize its financial landscape. However, facing economic challenges and international pressure, the government has made Bitcoin acceptance optional for businesses. This change aligns with securing a $1.3 billion loan from the International Monetary Fund (IMF), which necessitates fiscal reforms and a reduction in Bitcoin-related risks. The IMF had previously advised El Salvador against adopting Bitcoin due to financial stability concerns.