The International Monetary Fund (IMF) has imposed new conditions on El Salvador under a $1.4 billion extended loan agreement.
The conditions include banning the public sector from accumulating Bitcoin and the prohibition of government debt or financial instruments linked to Bitcoin.
El Salvador has amended its Bitcoin Law to remove legal tender status for Bitcoin and has committed to ending public involvement in the Chivo Bitcoin project by 2025.
Despite the IMF's restrictions, President Nayib Bukele has continued to acquire Bitcoin, raising questions about how El Salvador will navigate its Bitcoin strategy.