🇸🇻IMF UNLOCKS $1.4B FOR EL SALVADOR BUT BITCOIN DREAMS HIT A BUMP

The IMF just tossed El Salvador a $1.4 billion lifeline, starting with $113 million, but it’s yanking the reins on their Bitcoin party.

Over 40 months, the deal pumps up public finances, reserves, and governance—while hitting “Bitcoin risks” with strict rules.

Private businesses can now snub BTC, taxes are locked to USD only, and the state’s Chivo wallet gets a transparency overhaul before it’s phased out.

Government purchases are “confined,”, so they can't buy more with public funds, but El Salvador’s National Bitcoin Office swears they’ll keep stacking BTC privately, with 6,044 coins ($610 million) still in their stash, untouched and unsold.

More than $3.5 billion could roll in from global buddies if they play nice.

The BTC experiment's not dead, but tamed—future state dabbling’s off the table, though Bukele’s crew vows to keep the crypto flame alive on their terms.

Source: Anadolu Agency