IMF Imposes Bitcoin Restrictions on El Salvador for $1.4 Billion Loan
- The IMF requires El Salvador to halt public sector Bitcoin acquisitions.
- The Fidebitcoin trust fund must be dissolved by July 2025.
- Operations of the Chivo wallet system must cease.
- El Salvador must disclose all Bitcoin wallet addresses and provide audited financial statements for crypto-related entities.
- President Nayib Bukele initiated Bitcoin’s legal tender status in El Salvador in 2021.
As part of a $1.4 billion loan agreement, the IMF is enforcing strict conditions on El Salvador, including halting government Bitcoin purchases and dissolving the Fidebitcoin trust fund by July 2025.
Source (2.6)https://dailyhodl.com/2025/03/04/imf-requests-new-bitcoin-restrictions-on-el-salvador-including-ending-btc-purchases-with-public-funds/?rand=59076
