El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law.
El Salvador, the first country in the world to accept Bitcoin as legal tender, is reportedly scaling back its BTC ambitions under pressure from the International Monetary Fund (IMF).
El Salvador expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes to its Bitcoin Law, the Financial Times reported on Dec. 9, citing people familiar with the matter.
If confirmed, the deal would obligate the government of El Salvador to drop a legal requirement for businesses to accept Bitcoin (BTC) as payment, making it a voluntary payment method.
