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El Salvador might implement changes to the law on Bitcoin to secure an agreement with the International Monetary Fund (IMF). The country could gain access to 3.3 billion dollars in loans if it makes the choice to accept BTC by Salvadoran merchants voluntary.  El Salvador and the changes to the Bitcoin law to obtain loans from the IMF From what has emerged, it seems that El Salvador might implement changes to its Bitcoin law to secure new loans from the International Monetary Fund (IMF). Specifically, the country with BTC as legal tender since 2021, could make the choice to accept bitcoin as payment voluntary for Salvadoran merchants.  A change of plan since, until now, the law on Bitcoin had forced the category to accept payments in BTC, just like it already does with the other legal fiat currency of the country, the US dollars.  Now, however, things could change. In play, in fact, the IMF has prepared this clause of the new agreement, offering in return to El Salvador its access to a new loan program of 1.3 billion dollars.  Not only that, but also Banca Mondiale e la Banca Interamericana di Sviluppo should lend an additional billion dollars each to the nation, for a total of 3.3 billion dollars. The decision of El Salvador for the new agreement with the IMF will be revealed in the coming weeks.  El Salvador: the decision to change the law on Bitcoin is worth 3.3 billion dollars All things considered, therefore, the decision of El Salvador to change its law on Bitcoin as requested by the IMF, is worth exactly 3.3 billion dollars in loan.  Yet, going back to 2021, El Salvador had shaken the entire world when it had granted BTC the same regulatory status as the nation’s official currency.  Not only…

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Filed under: News - @ December 10, 2024 2:28 pm