El Salvador, the first country to adopt Bitcoin as legal tender, is reportedly in discussions with the International Monetary Fund (IMF) to reach a funding agreement.
According to reports, securing the deal might necessitate El Salvador to modify its current Bitcoin law. This development indicates the potential need to weaken or amend the existing legislation surrounding Bitcoin use in the nation.
The move is seen as a strategic decision to gain the financial backing of the IMF, highlighting the complex interplay between national cryptocurrency policies and international financial obligations.
