IMF and El Salvador reach agreement narrowing public Bitcoin policy
An IMF staff-level agreement calls for Bitcoin acceptance to become voluntary and for public-sector Bitcoin participation to be confined.
On December 18, 2024, IMF and El Salvador reach agreement narrowing public Bitcoin policy. An IMF staff-level agreement calls for Bitcoin acceptance to become voluntary and for public-sector Bitcoin participation to be confined.
The staff-level agreement said private-sector Bitcoin acceptance would become voluntary and public-sector participation in Bitcoin-related activity would be confined. It marked a material narrowing of the original 2021 policy model.
The event marks a change in the legal environment around Bitcoin access, custody, mining, reporting or financial products, with consequences determined by the specific jurisdiction and stage of the action.