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El Salvador ends mandatory bitcoin acceptance, keeps $540M BTC reserve amid IMF loan conditions

Market News
13 Nov 2026, 17:49 WIB
CryptoTicker
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El Salvador ends mandatory bitcoin acceptance, keeps $540M BTC reserve amid IMF loan conditions

El Salvador has reformed its bitcoin law, making acceptance of bitcoin voluntary and removing the option to pay taxes in bitcoin, following a $1.4 billion IMF loan agreement with conditions. The state-run Chivo Wallet is now majority-owned by a private operator, but the government still holds about 7,825 BTC, worth roughly $540 million. This shift marks a move from bitcoin as a national currency to a voluntary payment method, highlighting challenges in adoption and the influence of international financial institutions. Investors should note that bitcoin remains a high-risk asset and is not a substitute for stable national currencies like the US dollar or euro.

El Salvador's bitcoin law reform provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 13, 2026 22:32 WIB: Of 50 major cryptocurrencies, 27 rose and 22 fell today. Ethereum (ETH) traded at Rp35.000.362 with a 1-day change of -4.02% and a typical hold time of 109 days, while Synthetix (SNX) gained 3.87% to Rp2.951 with 100% buy orders. Stellar (XLM) rose 3.53% to Rp2.695, showing a more balanced order activity at 44% sell and 56% buy.

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