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December 18, 2024Law & sovereign policyLegislationdocumented

El Salvador and IMF agree on Bitcoin-policy changes

An IMF staff-level financing agreement called for voluntary private Bitcoin acceptance and reduced public-sector participation.

The program contemplated legal reform, dollar-only tax payment, greater transparency, and a gradual government exit from the Chivo wallet. It was a staff-level agreement subject to IMF board approval and domestic implementation.