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International Business Times
International Business Times
Business

El Salvador Merchants No Longer Obliged To Accept Bitcoin

El Salvador declared bitcoin legal tender in 2021 (Credit: AFP)

Merchants in El Salvador, the first country to make bitcoin legal tender, will no longer be obliged to accept the cryptocurrency as payment, under a reform adopted to comply with conditions for an international loan.

The International Monetary Fund said last month it had reached an agreement for a $1.4 billion loan with the government of President Nayib Bukele.

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