El Salvador keeps Bitcoin law but drops mandatory tender after $1.4B IMF deal
- —Bitcoin acceptance became voluntary in January 2025 and was removed from tax payments
- —State reserves exceed 6,000 BTC with purchases of at least 1 BTC per day
- —The IMF's $1.4B program asked El Salvador to curb public-sector crypto exposure
- —UCA surveys since 2022 showed most Salvadorans did not use BTC for payments
Why it matters: El Salvador remains the key test case for national Bitcoin reserves and for whether such a strategy can survive a bear market and creditor scrutiny.
Source: CriptoTendencias