🇸🇻 According to the IMF, El Salvador will limit its bitcoin purchases
🚦The International Monetary Fund (IMF) granted a loan of 1.4 billion to El Salvador, keeping an eye on "the risks associated with the Bitcoin project." As a condition, the Salvadoran government must restrict state transactions with bitcoin (BTC) and gradually unlink it from the public sector.
📑 Although the government has not publicly commented on the agreement, its acceptance implies a balance between its bitcoin agenda and traditional pressures. For Bukele, the challenge will be to maintain his pro-bitcoin narrative and the increase of the national treasury in BTC, without neglecting the stability required by the IMF.
⚖️ This agreement, which spans 40 months, under the Extended Fund Facility (EFF), aims for El Salvador to reduce its public debt and strengthen regulation over BTC.
Read the full note here 👈
Do you think this agreement will contribute to the acceptance of BTC in El Salvador?
🔥 Yes
🤔 I doubt it
