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Market
What will be El Salvador's policy on Bitcoin acceptance in the private sector by December 31, 2025?
2
Resolution / Starting Odds
Mandatory acceptance • 25%
Voluntary acceptance • 25%
Prohibited acceptance • 25%
Mixed policies • 25%
Government policy updates and private sector reports
Story
El Salvador Secures $1.4 Billion IMF Loan, Agrees to $3.5 Billion Financing Package and Chivo Wallet Discontinuation
Dec 19, 2024, 01:39 PM
El Salvador has reached a staff-level agreement with the International Monetary Fund (IMF) for a $1.4 billion loan, part of a broader $3.5 billion financing package aimed at supporting the country’s economic reforms. This agreement, which follows four years of negotiations, includes significant changes to El Salvador's Bitcoin policies. The government has agreed to make the acceptance of Bitcoin voluntary for private sector businesses and to limit public sector involvement in Bitcoin-related activities. Additionally, the Chivo wallet, the government's Bitcoin wallet, is set to be sold or discontinued. The deal is subject to approval by the IMF Executive Board and is intended to help stabilize the country's economy and address its debt-to-GDP ratio.
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Similar markets
Yes • 50%
No • 50%
Significant decrease • 25%
Moderate decrease • 25%
No change • 25%
Increase • 25%
Voluntary acceptance • 25%
Mandatory acceptance • 25%
Bitcoin no longer legal tender • 25%
No change • 25%
Yes • 50%
No • 50%
Remains legal tender • 25%
Voluntary for businesses • 25%
No longer legal tender • 25%
Other • 25%
Mandatory • 25%
Voluntary • 25%
Revoked • 25%
Unchanged • 25%
Increase • 25%
Decrease • 25%
No Change • 25%
Unknown • 25%
New Bitcoin purchase strategy • 25%
New Bitcoin-related infrastructure project • 25%
New Bitcoin-related financial instrument • 25%
None of the above • 25%