Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: El Salvador Ignores IMF, Buys More Bitcoin Anyway
by
Iranus
on 29/05/2025, 05:58:52 UTC
⭐ Merited by pawel7777 (1)

I have never known that IMF called El Salvador government to stop Bitcoin purchases, honestly.

IMF only called El Salvador to stop their national policy on Bitcoin, stop making Bitcoin Legal tender there, and that's it, nothing more and nothing related to that national Bitcoin purchases and its Bitcoin treasury.

https://dailyhodl.com/2025/02/03/el-salvador-reverses-bitcoin-legal-tender-status-under-pressure-from-imf-report/
https://www.bbc.com/news/world-latin-america-60135552

Previously, the IMF asked El Salvador to amend some laws related to bitcoin and as a result, bitcoin is no longer a mandatory payment method but instead an optional payment method in the country.
According to the latest news, the IMF will disburse the first $120 million of the loan package that the two parties previously agreed on, but on the condition that El Salvador must stop buying more bitcoin and must stop using the Chivo wallet by the end of July. And under pressure from the IMF, El Salvador's bitcoin office has reaffirmed that the country remains committed to "buying 1 BTC per day."


https://x.com/anndylian/status/1927713085873344671