diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6f7dece9b..319c83cca 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+- Pin tokio dependency version to ~1.14 to prevent errors due to their new MSRV 1.49.0
+
 ## [v0.16.0] - [v0.15.0]
 
 - Disable `reqwest` default features.
diff --git a/Cargo.toml b/Cargo.toml
index b79becebf..d8a5ab46e 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -42,7 +42,7 @@ bitcoincore-rpc = { version = "0.14", optional = true }
 
 # Platform-specific dependencies
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies]
-tokio = { version = "1", features = ["rt"] }
+tokio = { version = "~1.14", features = ["rt"] }
 
 [target.'cfg(target_arch = "wasm32")'.dependencies]
 async-trait = "0.1"