Merchants in El Salvador, the first country to make bitcoin legal tender, will no longer be obliged to accept the ...
El Salvador's Congress passed a legislative amendment on Wednesday to alter the country's Bitcoin (CRYPTO: BTC) policy, making its acceptance voluntary rather than mandatory.
El Salvador has rushed to approve an amendment that will keep it compliant with the terms of its $1.4 billion IMF loan.
The new amendments remove the requirement for businesses to accept Bitcoin as payment, making its use voluntary across the private sector.
El Salvador scales back Bitcoin law, making BTC acceptance voluntary while securing an IMF deal, yet remains committed to crypto adoption.
El Salvador amended its Bitcoin law to comply with an IMF deal, ensuring voluntary acceptance while maintaining its legal tender status.
( MENAFN - eTrendy Stock) El Salvador has voted to amend its bitcoin legislation as part of a financial reform agreement with the International Monetary Fund (IMF). The move comes after the country ...
El Salvador has approved amendments to its Bitcoin laws, aligning with a deal struck with the IMF to scale back its crypto ...
El Salvador struck a $1.4 billion loan deal with the IMF in December, with the agency requiring the Bukele’s government to scale back its involvement in Bitcoin BTC $105,254 and make BTC optional and ...
El Salvador has emerged as the clear leader in Latin America and the Caribbean in terms of the number of functioning Bitcoin ...
El Salvador’s Legislative Assembly has approved amendments to its Bitcoin law to align with a deal struck with the ...
The IMF was not ready to extend a loan to El Salvador without concessions on the country’s ongoing Bitcoin adoption efforts.
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