Bitcoin warning from IMF to El Salvador: “New purchase will not be made”

🌐 The IMF franks El Salvador’s Bitcoin policies

The International Monetary Fund (IMF) said on Tuesday that the El Salvador government will “guarantee” the amount of Bitcoin in the hands of the government. This attitude directly contradicts the strategy of the country’s pro -Bitcoin president, Nayib Bukele’s “more Bitcoin accumulation” strategy.

The statement came with the declaration that announced that the first review process of the expanded fund facility (EFF) agreement between El Salvador and the IMF announced that the first review process resulted in mutual reconciliation at the personnel level.

💵 Bitcoin restriction against $ 1.4 billion loan

In December 2024, El Salvador and the IMF made an agreement on the limitation of Bitcoin activities of the country for a 40 -month financing package. Within the scope of the agreement, the IMF will provide the country to $ 1.4 billion.

In addition, with the support of other financial institutions such as the World Bank, the total package can reach up to $ 3.5 billion.

Following this agreement, the El Salvador Congress quickly approved the changes that integrate the IMF conditions into the country’s Bitcoin Law. With these regulations:

For the private sector, the acceptance of payment with Bitcoin was voluntary.

Crypto money activities of the state were limited.

✅ Approval from the IMF management: First Payment on the Road

The IMF Executive Committee approved the financing package in February. Following the last approval of the Board, El Salvador is planned to pay $ 120 million in the first place.

This fund program of the IMF aims to find solutions to the country’s macroeconomic and structural problems. The Fund thinks that al -Salvador’s Bitcoin reserves have not yet been realized, but it has serious risks. In February, it was clearly stated that the government’s Bitcoin purchases and activities will be limited.

🇸🇻 BUKELE: “They will not stop”

Despite all these restrictions, El Salvador President Nayib Bukele continues to be determined to continue Bitcoin accumulation.

In March, he said in his sharing on the X platform:

“No, we don’t stop. When the world excludes us, most” Bitcoiner “doesn’t stop when they leave us, now they won’t stop, in the future.”

In another sharing last week, Bukle announced that the country’s Bitcoin reserves made unprecedented profits exceeding $ 357 million.

However, while remarkably sharing the IMF’s statement on Tuesday, the boule did not mention the “restriction on more bitcoin intake” section. This creates uncertainty about the country’s future Bitcoin strategy.

The Block reported that he had contacted IMF and Bukle’s office to learn more about it.

🔍 EVALUATION

El Salvador’s Bitcoin policies have been a long -term debate in international financial circles. The last statement of the IMF is interpreted as a balance war between economic support and digital freedom. Bukele’s determination can deepen this conflict.