Скачать или смотреть IMF Vows to Rein In El Salvador’s Bitcoin Stash Under Loan

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To unlock the next $120m in IMF funding, El Salvador agreed to tighten fiscal policy, boost bank liquidity, and reform pensions and civil service.

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

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El Salvador is once again facing international scrutiny for its continued embrace of Bitcoin.

On Tuesday, the International Monetary Fund said it had reached a staff-level agreement with the Salvadoran government as part of the first review of a $1.4b extended loan program.

While praising the country’s progress on fiscal reforms and macroeconomic stability, the IMF said it would work to “ensure” that the total amount of Bitcoin held by the government remains unchanged.

The announcement, which follows months of negotiations, reflects a delicate balancing act between supporting El Salvador’s economic ambitions and placing limits on its headline-grabbing Bitcoin policy. The IMF noted that while risks from the country’s crypto adoption have diminished, maintaining stability requires tighter controls.

As part of the terms, El Salvador also committed to withdrawing public sector involvement in the Chivo wallet, its state-run Bitcoin app, by the end of July.

Despite IMF Oversight, El Salvador’s Bitcoin Wallet Keeps...

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