Infobae: The International Monetary Fund (IMF) demands El Salvador đžđ» 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 đ.
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.