{"id":130143,"date":"2025-05-28T06:15:42","date_gmt":"2025-05-28T06:15:42","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130143"},"modified":"2025-05-28T06:15:42","modified_gmt":"2025-05-28T06:15:42","slug":"imf-says-el-salvador-to-make-efforts-to-stop-bitcoin-buys-with-120m-payments-deal","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130143","title":{"rendered":"IMF says El Salvador to make \u2018efforts\u2019 to stop Bitcoin buys with $120M payments deal"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe International Monetary Fund said it has reached an agreement with El Salvador to pay the country $120 million following an initial review of its $1.4 billion loan agreement struck last year.<br \/>\nThe IMF said on May 27 that as part of the deal, El Salvador will need to fulfill its prior obligations around limiting further government involvement in Bitcoin (BTC), and it will have to cease its involvement in the Chivo wallet by the end of July.<br \/>\n\u201cOn Bitcoin, efforts will continue to ensure that the total amount of Bitcoin held across all government-owned wallets remains unchanged,\u201d the global lender said.<br \/>\nThe planned payout, subject to IMF executive board approval, is part of a larger $1.4 billion, 40-month loan deal struck in December, which saw El Salvador agree to confine its Bitcoin ambitions.<br \/>\nOn March 3, the IMF reiterated its stance that El Salvador should stop accumulating Bitcoin and not pursue other Bitcoin-related activities.<br \/>\nDespite the IMF\u2019s request, El Salvador&#8217;s president, Nayib Bukele, has stated that his government will continue to acquire one BTC per day as part of the nation\u2019s Bitcoin treasury strategy.<br \/>\nEl Salvador again defies IMF<br \/>\nShortly after the IMF\u2019s May 27 announcement, El Salvador\u2019s Bitcoin Office posted to X that the country had once again purchased more Bitcoin.<br \/>\nSource: The Bitcoin OfficeThe country\u2019s official Bitcoin tracker shows that El Salvador is continuing with Bitcoin-buying through the Bitcoin Office, which has accumulated 30 BTC in the past 30 days.<br \/>\nCurrently, El Salvador\u2019s Bitcoin reserve stands at 6,190.18 BTC.<br \/>\nRelated: How can Bukele still stack Bitcoin after IMF loan agreement?<br \/>\nLast week, Bukele took to the social media platform X to\u00a0reveal\u00a0that the nation\u2019s Bitcoin treasury is sitting at an unrealized profit of $386 million, a 132% gain on its total Bitcoin investment.<br \/>\nIn April, Rodrigo Valdes, director of the Western Hemisphere Department at the IMF, said that the country is complying with the IMF\u2019s performance criteria.<br \/>\nAuthor and intergovernmental blockchain adviser Anndy Lian suggested that the country could maintain technical compliance by purchasing Bitcoin through non-government entities.<br \/>\nMagazine: Bitcoin bears eye $69K, CZ denies WLF \u2018fixer\u2019 rumors<a href=\"https:\/\/cointelegraph.com\/news\/imf-el-salvador-efforts-stop-bitcoin-buys-120m-payments-deal?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe International Monetary Fund said it has reached an agreement with El Salvador to pay the country $120 million following an initial review of its $1.4 billion loan&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130143"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130143"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130143\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130143"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}