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IMF Urges El Salvador to Freeze Bitcoin Holdings Amid Loan Deal

  • IMF urges El Salvador to freeze Bitcoin holdings amid loan deal.
  • The IMF's position contrasts sharply with President Nayib Bukele's push to expand the country's Bitcoin portfolio.
  • El Salvador agreed to scale back its bitcoin activity by the end of 2024 in exchange for a 40-month financing deal and a $1.4 billion loan from the IMF.
  • Other global lenders, like the World Bank, may provide additional support, making the total financing package potentially reach $3.5 billion.

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