The IMF has issued stricter rules to curtail El Salvador's investment in Bitcoin as conditions for the country's $1.4 billion loan.
The IMF continues to expand arrangements under its $1.4 billion deal with El Salvador, seeking to restrict Bitcoin purchases by the public sector.
President Bukele reaffirmed that El Salvador Bitcoin Accumulation will continue despite recent information regarding IMF conditions for granting a $1.4 billion loan.
El Salvador isn’t backing down from Bitcoin just yet. Despite agreeing to an International Monetary Fund (IMF) loan deal that restricts
"The potential risks of the bitcoin project will be diminished significantly, in line with Fund policies," the IMF said. Effectively, bitcoin's days as legal tender in El Salvador are over. Bukele's embrace of bitcoin was part of an attempt to "rebrand the tiny and impoverished" nation as a "surfing and cryptocurrency paradise",
El Salvador Purchases 13 BTC in the Previous Week even after IMF Agreement El Salvador has added 13 Bitcoin to its reserves in the last wee
El Salvador's recent purchase of 13 BTC in the last week has garnered attention, especially in light of its ongoing negotiations with the IMF. Despit
IMF enforces strict conditions on El Salvador’s financial policies, prohibiting voluntary Bitcoin accumulation by the government.
President Nayib Bukele insists El Salvador will continue purchasing Bitcoin despite the IMF's pressure. A signed deal between the government and the IMF appears to