Market
What will be Bitcoin's legal status in El Salvador by December 31, 2024?
4
Resolution / Starting Odds
Remains legal tender • 25%
Voluntary for businesses • 25%
No longer legal tender • 25%
Other • 25%
Official announcements from El Salvador's government
Story
El Salvador Agrees to Voluntary Bitcoin Acceptance for $1.3B IMF Deal
Dec 9, 2024, 12:35 PM
El Salvador is set to scale back its pioneering use of Bitcoin as legal tender in order to secure a $1.3 billion loan from the International Monetary Fund (IMF). The country expects to finalize the deal within the next two to three weeks by agreeing to make Bitcoin acceptance voluntary for businesses, instead of mandatory. This move is part of the conditions set by the IMF to unlock additional international lending for El Salvador.
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Similar markets
Revoked • 25%
Unchanged • 25%
Voluntary • 25%
Mandatory • 25%
Remains legal tender • 25%
Completely banned • 25%
Restricted use • 25%
Other • 25%
Remains legal tender • 33%
No longer legal tender • 33%
Voluntary use only • 33%
Bitcoin no longer legal tender • 25%
Mandatory acceptance • 25%
Voluntary acceptance • 25%
No change • 25%
Voluntary acceptance • 25%
Mixed policies • 25%
Prohibited acceptance • 25%
Mandatory acceptance • 25%
Indeterminate impact • 25%
Increased Bitcoin adoption • 25%
Decreased Bitcoin adoption • 25%
Stable Bitcoin adoption • 25%
No Change • 25%
Increase • 25%
Decrease • 25%
Unknown • 25%
Increase • 25%
Significant decrease • 25%
Moderate decrease • 25%
No change • 25%
Deregulation • 25%
Increased regulation • 25%
Status quo maintained • 25%
Other • 25%