{"id":152541,"date":"2025-03-05T19:00:00","date_gmt":"2025-03-05T17:00:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=152541"},"modified":"2025-03-05T18:28:38","modified_gmt":"2025-03-05T16:28:38","slug":"el-salvador-stands-firm-on-bitcoin-strategy-despite-imf-restrictions","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/el-salvador-stands-firm-on-bitcoin-strategy-despite-imf-restrictions\/","title":{"rendered":"El Salvador Stands Firm on Bitcoin Strategy Despite IMF Restrictions"},"content":{"rendered":"

The IMF, in a $3.5 billion financing agreement, imposed restrictions on Bitcoin purchases, aiming to limit the government\u2019s involvement with the cryptocurrency. However, Bukele has made it clear that the government will continue to acquire Bitcoin<\/a> <\/strong>as part of its long-term strategy, dismissing any attempts to stop the purchases.<\/p>\n

In recent weeks, El Salvador has continued adding to its Bitcoin reserves, now holding over 6,100 BTC, worth roughly $530 million. This acquisition<\/a> <\/strong>strategy has been ongoing since November 2022, and even with the IMF deal in place, the government remains undeterred in its stance.<\/p>\n

The IMF deal also includes a set of regulatory measures, such as requiring the publication of Bitcoin wallet addresses and audited statements for crypto-related government entities. El Salvador must also liquidate the Fidebitcoin trust fund by mid-2025 and scale back its involvement with the Chivo Wallet platform.<\/p>\n