Infobae: The International Monetary Fund (IMF) demands El Salvador 🇸🇻 to amend its Bitcoin law if it wants to negotiate a $1.4 billion loan.
El Salvador made history in 2021 by accepting Bitcoin as legal tender, holding Bitcoin reserves, and launching the Bitcoin volcano bond project 🌋.
However, the IMF has opposed El Salvador's acceptance of Bitcoin, and negotiations have stalled for nearly 2 years. An IMF spokesperson stated that the "risks" associated with Bitcoin remain a primary concern in discussions with El Salvador.
It has been 3 years since El Salvador accepted Bitcoin, and many predicted its downfall. Yet, El Salvador is thriving, causing significant worry for the IMF.
