Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
For $3.3 Billion Loan, El Salvador May Drop Mandatory Business Acceptance of BTC Payment
Original Article Title: "El Salvador Plans to Repeal Mandate for Businesses to Accept BTC Payments in Exchange for $3.3B IMF, World Bank Loan"
Original Article Author: DaFi Weaver, Dynamic Trend at BlockTempo
El Salvador became the world's first country to adopt Bitcoin (BTC) as legal tender in mid-2021, a decision that was met with strong criticism and pressure from the International Monetary Fund (IMF) at the time.
Prior to this, the Salvadoran government had been seeking an IMF credit line to address its fiscal issues, but the IMF demanded that El Salvador amend its Bitcoin law, stating that Bitcoin's legal tender status was a major obstacle to the country receiving credit support. As a result, negotiations between the two parties stalled for two years.
El Salvador Plans to Repeal Mandate for Businesses to Accept Bitcoin Payments
However, according to a report by the Financial Times citing sources familiar with the matter, El Salvador is currently in negotiations with the IMF and is considering taking a step back by repealing the legal requirement for businesses to accept Bitcoin as a form of payment. Instead, businesses would autonomously decide whether to accept Bitcoin payments in exchange for a $1.3 billion loan from the IMF.
The agreement is expected to be reached in the next two to three weeks. The report states that an IMF delegation has arrived in El Salvador to finalize the details of the agreement with President Nayib Bukele's government.
It is worth noting that the agreement with the IMF will also unlock two additional loans, one of $1 billion from the World Bank, and another of $1 billion from the Inter-American Development Bank. Therefore, in total, El Salvador plans to relax the Bitcoin acceptance requirement, with the opportunity to receive up to $3.3 billion in loans.
In order to reach an agreement with the IMF, El Salvador will also need to take measures to reduce the government deficit. Sources revealed that the Salvadoran government plans to reduce the budget deficit by 3.5 percentage points of GDP over the next three years through spending cuts and tax increases. Additionally, the government will pass an anti-corruption law and increase foreign reserves from $11 billion to $15 billion.
In response to this news, an IMF spokesperson declined to comment, citing the organization's policy of not discussing ongoing negotiations.
IMF Calls for Abandoning Bitcoin Strategy
The IMF has consistently opposed El Salvador's adoption of digital currency, citing risks to financial stability and integrity, and has often called on the Bukele government to cease accepting cryptocurrency as legal tender.
In October of this year, the IMF once again recommended that El Salvador scale back its Bitcoin-related policies and strengthen the regulatory framework for digital assets. Julie Kozack, Director of the IMF Communications Department, said at the time:
“We recommend narrowing the scope of the Bitcoin Law, strengthening supervision and regulation of the Bitcoin ecosystem, and limiting the government's exposure to Bitcoin.”
As early as two years ago, when El Salvador adopted BTC as legal tender, an IMF spokesperson criticized the country's Bitcoin law, warning of “macroeconomic, financial, and legal issues” it would raise. The IMF has repeatedly highlighted the volatility and potential risks of Bitcoin, which could threaten El Salvador's economic stability, hence the call for a reassessment of related policies.
However, in August of this year, the IMF also stated that many of the risks of El Salvador's Bitcoin experiment have “not materialized” yet. While the tone seems to have softened, the statement added that El Salvador needs to minimize the risks associated with adopting Bitcoin as legal tender as much as possible.
El Salvador Holds Nearly $600 Million in Bitcoin
Currently, El Salvador continues to purchase one Bitcoin per day, with a total Bitcoin holding of 5,960 coins valued at over $580 million.
As Bitcoin reached the $100,000 milestone, El Salvador's sovereign bonds also rebounded from a significant discount to near-par trading. Bukele commented last week on the simultaneous rise in bond prices and Bitcoin, stating:
“For the first time in history, Bitcoin has driven a sovereign bond up in traditional markets.”
You may also like
ChainCatcher Hong Kong Themed Forum Highlights: Decoding the Growth Engine Under the Integration of Crypto Assets and Smart Economy
Why can this institution still grow by 150% when the scale of leading crypto VCs has shrunk significantly?
Anthropic's $1 trillion, compared to DeepSeek's $100 billion
Geopolitical Risk Persists, Is Bitcoin Becoming a Key Barometer?
Annualized 11.5%, Wall Street Buzzing: Is MicroStrategy's STRC Bitcoin's Savior or Destroyer?
An Obscure Open Source AI Tool Alerted on Kelp DAO's $292 million Bug 12 Days Ago
Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.
$600 million stolen in 20 days, ushering in the era of AI hackers in the crypto world
Vitalik's 2026 Hong Kong Web3 Summit Speech: Ethereum's Ultimate Vision as the "World Computer" and Future Roadmap
On the same day Aave introduced rsETH, why did Spark decide to exit?
Full Post-Mortem of the KelpDAO Incident: Why Did Aave, Which Was Not Compromised, End Up in Crisis Situation?
After a $290 million DeFi liquidation, is the security promise still there?
ZachXBT's post ignites RAVE nearing zero, what is the truth behind the insider control?
Vitalik 2026 Hong Kong Web3 Carnival Speech Transcript: We do not compete on speed; security and decentralization are the core
In-depth Analysis of RAVE Events: Short Squeeze, Crash, and Quantitative Financial Models of Liquidity Manipulation
Eve of Ceasefire, US Military Fires on Iranian Vessel | Rewire News Morning Brief
Figma's stock price drops over 7%, will Claude Design be the terminator?
App