IMF asks El Salvador to stop public sector Bitcoin buys for $1.4B deal

Quick Summary:

The IMF has issued new requests under its $1.4 billion deal with El Salvador, aiming to restrict BTC purchases by the public sector.

Acceptance of Bitcoin will be voluntary, tax payments will be made in US dollars, and the role of the public sector in the Bitcoin project will be confined.

The technical memorandum of understanding indicated a condition of “no voluntary accumulation of BTC by the public sector in El Salvador.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cointelegraph by Helen Partz

Category: Crypto

Markets: United StatesEl Salvador

Topics: Statement Deal Billion Purchases Salvador Imf’s Bitcoin Extended Fund Sector Public

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 09:46:15 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26673700

View Article Analysis

About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 282 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions