El Salvador amended the Bitcoin law to meet IMF requirements

The Legislative Assembly of El Salvador urgently approved amendments to the Bitcoin law to comply with the terms of the agreement with the International Monetary Fund. One of the key changes was the removal of the requirement for private companies to accept cryptocurrency, reports Reuters. The amendments were necessary to meet the conditions of the agreement with the IMF, which requires reducing risks associated with cryptocurrencies. In exchange, the organization agreed to allocate a loan of $1.4 billion to the country.

Despite increasing cooperation with the IMF, El Salvador continues to boost its reserves in the first cryptocurrency. Over the past few months, the country has acquired an additional 12 BTC.

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