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El Salvador halves Bitcoin fund and makes merchant acceptance voluntary under IMF bailout conditions

Market News
17 Aug 2026
Zycrypto
View Source
Bearish
pluang ai news

El Salvador has marked five years since its Bitcoin adoption by reducing its Bitcoin fund by 50% and removing the legal mandate for merchants to accept Bitcoin as payment. These changes come as part of conditions set by the IMF following a $1.4 billion bailout, aiming to limit the country's exposure to Bitcoin's price volatility. The government now holds 7,474 BTC, and businesses can choose whether to accept Bitcoin, reflecting a significant shift in the country's pro-Bitcoin stance. This move highlights the balancing act between innovation and financial stability for countries embracing cryptocurrency.

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