IMF Demands: Latam Nations Must Ditch Bitcoin for Funding Access

The IMF approved a $1.4 billion loan to El Salvador, conditioning it on the government limiting its Bitcoin activities, setting a precedent for future agreements with nations considering Bitcoin adoption.

This deal, aimed at stabilizing El Salvador’s economy, requires the Bukele administration to curtail Bitcoin purchases, effectively hindering national Bitcoin initiatives. The IMF intends to use this agreement as a model to discourage other countries from embracing Bitcoin, despite the growing global interest in cryptocurrencies as reserve assets, as evidenced by recent announcements from US leadership

Clever Robot News Desk 5^th March 2025