El Salvador’s Bitcoin Law Amended: It’s No Longer a Must-Use
2025-07-04 00:59:26
Description
El Salvador makes Bitcoin adoption voluntary after IMF pressure on private sector use. Local Bitcoin usage remains low, with only 7.5% of the population using it for transactions. El Salvador continues to buy Bitcoin, holding over 6,000 BTC worth $636 million. El Salvador has amended its Bitcoin law to make cryptocurrency adoption optional, bowing to pressure from the International Monetary Fund (IMF). The country’s Congress passed the new law on Wednesday, following a request from President Nay...
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