Staff of Reuters Read for 2 minutes Reuters, SAN SALVADOR, June 30 – Following El Salvador’s extraordinary move to make bitcoin legal tender, a top US official said on Wednesday that she hoped the government and the International Monetary Fund (IMF) will finish a funding agreement. El Salvador’s Congress has already accepted President Nayib Bukele’s plan to embrace bitcoin, making El Salvador the first country in the world to do so on Sept. 7. Last week, the IMF indicated that talks between its staff and El Salvador were still underway, and that it was concerned about the decision. As part of her tour to the region, US Undersecretary of State for Political Affairs Victoria Nuland met with Bukele on Wednesday. El Salvador’s law puts bitcoin on an equal standing with the dollar, which has been the country’s official currency for the past 20 years. The Central American country is negotiating a roughly $1 billion finance accord with the IMF. (San Salvador-based reporter Nelson Renteria contributed to this report.) Stefanie Eschenbacher wrote the piece, and Kim Coghill edited it.)/n
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