Loading...
Market
What will be the impact of El Salvador's Bitcoin policy changes by December 31, 2025?
2
Resolution / Starting Odds
Increased Bitcoin adoption • 25%
Decreased Bitcoin adoption • 25%
Stable Bitcoin adoption • 25%
Indeterminate impact • 25%
Official reports and policy updates from the El Salvador government
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.
View original story
Similar markets
Increased foreign investment • 25%
Increased domestic investment • 25%
Increased financial inclusion • 25%
Other • 25%
Significant decrease • 25%
Moderate decrease • 25%
No change • 25%
Increase • 25%
Significant positive impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%
Increase • 25%
Decrease • 25%
No Change • 25%
Unknown • 25%
Increased regulation • 25%
Deregulation • 25%
Status quo maintained • 25%
Other • 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%
Remains legal tender • 33%
Voluntary use only • 33%
No longer legal tender • 33%
Strongly support • 25%
Moderately support • 25%
Moderately oppose • 25%
Strongly oppose • 25%
0% - 10% • 25%
11% - 20% • 25%
21% - 30% • 25%
31% or more • 25%