Coin-Turk 14 minutes ago
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El Salvador has approved a bill changing its cryptocurrency adoption strategy as part of a $1.4 billion agreement with the International Monetary Fund (IMF). The legislation, submitted by President Nayib Bukele, transitions the requirement for the private sector to accept Bitcoin 
$105,469 into a voluntary practice. The bill was swiftly passed with 55 votes in favor and 2 against.
Understanding the Terms of the IMF Agreement
The agreement with the IMF will reshape El Salvador’s cryptocurrency policies. The fund has demanded transparent regulation of cryptocurrencies to maintain the nation’s financial stability. This includes the removal of the obligation for private companies to accept Bitcoin.
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