El Salvador will no longer make Bitcoin legal tender due to IMF deal

From Investing.com

January 30, 2025 04:18:47 AM:

El Salvador has decided to scale back its Bitcoin law in order to secure a deal with the International Monetary Fund (IMF). The country will no longer make Bitcoin a legal tender alongside the US dollar. This move comes after concerns were raised about the potential economic risks associated with the cryptocurrency.

Read more at Investing.com: El Salvador scales back Bitcoin law for IMF deal