El Salvador Trades Bitcoin Freedom for $1.4B IMF Lifeline

IMF urges El Salvador to scale back Bitcoin use under $1.4B loan agreement. El Salvador balances Bitcoin adoption with fiscal reforms to boost financial health. Global crypto volatility pressures El Salvador’s cautious approach to Bitcoin strategy. The International Monetary Fund (IMF) maintained its distance when asked about U.S. Bitcoin policies. IMF Spokesperson Julie Kozack declined to discuss President-elect Trump’s proposed U.S. Strategic Bitcoin Reserve. Kozack stated the IMF will review such policies once they take effect. The organization has now struck a $1.4 billion loan agreement with El Salvador, the first country to make Bitcoin legal tender. This deal requires the nation to modify its Bitcoin strategy . El Salvador’s IMF Agreement Modifies Bitcoin Implementation The $1.4 billion IMF loan mandates El Salvador to limit its Bitcoin initiatives. The IMF asked the country to make cryptocurrency use optional for private businesses, which reduced previous disagreements. These changes support broader financial reforms to improve the country’s debt-to-GDP ratio and economic stability. El Salvador will also reduce operations of its Chivo wallet… The post El Salvador Trades Bitcoin Freedom for $1.4B IMF Lifeline appeared first on Coin Edition .