The IMF is seeking to block 🇸🇻 El Salvador from buying more Bitcoin and refrain from issuing Bitcoin-backed debt or tokens as a condition of its 💵 $1.4B loan agreement.
I am.strongly supporting El Salvador on this. If the didn't refrain when the almost lost their national treasury to Bitcoin why should they stop now. IMF are only being concerned about how much revenue they must have accumulated with their total purchase and are scared they might not need them in the future for further loans.
I count their conditions for issuing El Salvador this loan a selfish and greedy one. IMF are trying hard to see how the keep El Salvador constantly indebted. This might have being their taught when El Salvador took their first loan to get Bitcoin and the market crashed. Maybe they might have wished the market never recovers to they will have to start seizing properties in or occupying some territories as a fine for defaulting.