The IMF demands that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement to reduce financial risks and regulate cryptocurrency

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The International Monetary Fund (IMF) has demanded that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement. This demand is aimed at reducing risks associated with cryptocurrency. The IMF memorandum specifies that El Salvador should limit the issuance of debt instruments tied to Bitcoin and cease using cryptocurrency in public financial operations. Despite this, El Salvador's President Nayib Bukele continues to increase Bitcoin reserves, highlighting the contrast between the country's internal policy and the demands of international financial organizations.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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