The International Monetary Fund (IMF) urged the Salvadoran authorities to stop accumulating $BTC
by the public sector under the $1.4 billion loan agreement signed in December 2024. This was reported by bits.media. The IMF emphasized that the government must maintain its current bitcoin reserves (6190 BTC worth over $674 million) without further purchases to avoid risks to financial stability.
The terms of the agreement also include the liquidation of the Fidebitcoin bitcoin fund by July 2025, the closure of the state wallet Chivo, and the strengthening of cryptocurrency market regulations.
Despite the IMF's demands, Salvadoran President Nayib Bukele stated that the country will continue to invest in bitcoin, possibly through private entities, which has drawn criticism from experts for a potential conflict with the IMF. El Salvador, which legalized bitcoin in 2021, recently acquired an additional 8 BTC. This position may complicate obtaining further financial assistance but supports the country's image as a crypto-innovative nation.
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