Bukele challenges the International Monetary Fund, and confirms Bitcoin’s commitment to loans
The President of El Salvador Nayeb Bokil has doubled in his pro -petocoine position while he was once registered against the International Monetary Fund (IMF) despite the recent loan agreement that included conditions for limiting the country’s activities in the country.
In a strong post on X, Bukele rejected the idea that El Salvador would stop the Bitcoin acquisitions and are ongoing speculation that the pressure of the International Monetary Fund would force the country to back down from the encryption strategy.
“All this stops in April.” “All this stops in June.” “All this stops in December.” No, it does not stop. If it does not stop when the world rejects us and abandoned most of the “bitcoiners”, it will not stop now, and it will not stop in the future. Proof of work> Evidence of whining “
Bukele’s Bitcoin Fixoff
Agent comments Follow the International Monetary Fund in March 2025 a reportWhich determines the strict financial conditions of El Salvador in exchange for a $ 1.4 billion loan package. The agreement imposes new restrictions, including the full stopping of the bitcoin government purchases and Fidebitco TRust liquidation by July 2025.
The International Monetary Fund also calls for the government to withdraw from its involvement in the country’s Chivo portfolio and reveal all Bitcoin Print addresses.
These conditions aim to ensure transparency and reduce the role of encrypted currency in the nation’s financial system. However, Bukele’s last response indicates that he has no intention of fully compliance.
In a move that directly contradicts the conditions of the International Monetary Fund, the Bitcoin Office in El Salvador announced an additional BTC on Tuesday, prompting the country’s total possession of 6,101 BTC. This hideout deserves about $ 510 million.
This continuous challenge highlights the long argument of the Bakil that Bitcoin is a financial tool for national sovereignty and economic independence.
Bitcoin Al Salvador gambling
El Salvador became the first country to codify Bitcoin in 2021. Then President Bokali called for this step as a way to improve financial access and simplify transfers.
While the decision initially seemed promising due to the high value of bitcoin, the subsequent bear market during the period 2022-23 led to the slowest dependence and increasing financial concerns. In response to economic conflicts, El Salvador sought to help the International Monetary Fund and manage to secure the decisive financing that now comes with the conditions that threaten bitcoin policies.
The defense of the powerful agent for bitcoin was met with both praise and suspicion. While some supporters, such as the President of Microstrategy, Michael Sailor, his commitment descends warning Resisting the conditions of the International Monetary Fund can end up with more financial aid.
Binance Free $ 600 (Full Details).
Limited offer for Cryptopotato readers in Bybit: Use this link to register and open a $ 500 free site on any coin!