Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BITCOIN NEWS»IMF Calls for Changes to Bitcoin Laws in El Salvador: Report
BITCOIN NEWS

IMF Calls for Changes to Bitcoin Laws in El Salvador: Report

By Crypto FlexsApril 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
IMF Calls for Changes to Bitcoin Laws in El Salvador: Report
Share
Facebook Twitter LinkedIn Pinterest Email

The International Monetary Fund (IMF) is reportedly demanding changes to El Salvador’s Bitcoin-friendly laws, hindering the country’s attempts to secure a $1.4 billion credit line, Infobae reports.

NEW: 🇸🇻 IMF reportedly calls for change in El Salvador. #Bitcoin $1.4 billion support bill.

I’m scared 🙌 pic.twitter.com/vmqhts5dCY

— Bitcoin Magazine (@BitcoinMagazine) April 12, 2024

El Salvador made history in 2021 by adopting Bitcoin as a legal tender under President Nayib Bukele. Since then, the country has invested heavily in Bitcoin, increased its Bitcoin reserves, mined BTC, and launched education initiatives.

However, the IMF opposed the Bitcoin law during loan negotiations with El Salvador, which needs financing to repay its debt and obligations. The IMF’s demands to limit Bitcoin’s scope in the country have stalled discussions for nearly two years.

Bitcoin’s “risks” remain a key issue in discussions with El Salvador, according to the IMF’s communications director Julie Kozack on Thursday. The IMF has previously cited financial soundness and stability concerns for Bitcoin.

The fund’s opposition highlights conflicts over the future of money and payments. Bukele sees Bitcoin as an innovative solution for financial inclusion, but the IMF remains wary of Bitcoin’s volatility and decentralized nature, as well as threats to its dominance.

Despite the pressure, El Salvador has remained steadfast in its commitment to Bitcoin. The country has invested over $150 million in BTC reserves and continues to purchase more. Bukele also promised to buy 1 BTC every day.

The IMF loan impasse has left El Salvador in a difficult financial situation. The IMF is exerting influence on the poor country by linking changes to El Salvador’s Bitcoin laws with access to loans. But Bukele appears to be refusing to back down on Bitcoin, creating an ideological tug-of-war.

El Salvador’s pioneering adoption of Bitcoin marked a shift toward decentralization and self-determination. Calls to repeal the Bitcoin law undermine the nation’s monetary sovereignty.

This stalemate demonstrates Bitcoin’s disruptive potential to reshape global finance. Although risky for El Salvador in the short term, Bukele’s Bitcoin bet could pay dividends in the long term.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025

ECB Chairman Lagarde aims to seize the global order to strengthen the Euro’s global position.

June 17, 2025

Bitcoin aims for $ 115K after US CPI data prefers investors.

June 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Sony Group Launches Soneium Mainnet, Aims at Layer 2 Blockchain Opening New Possibilities for Creators

January 15, 2025

Senator Elizabeth Warren warns that Stablecoins can blast our entire financial system.

March 27, 2025

Devour.io announces technology analyst and media expert Paul Barron as advisor

January 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.