El Salvador Congress Amends Bitcoin Laws to Meet IMF Agreement on Crypto Exposure
2025-07-04 00:56:57
Description
El Salvador’s Congress has swiftly approved amendments to its Bitcoin laws, aligning with a deal struck with the International Monetary Fund (IMF) to scale back its crypto exposure. The legislative change comes as part of the country’s commitment to conditions set in its $1.4 billion loan agreement with the IMF. According to Reuters , lawmakers passed the bill just minutes after President Nayib Bukele sent it to the Legislative Assembly on Jan. 29. El Salvador Drops Bitcoin Mandate for Businesse...
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