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- El Salvador defied IMF conditions by purchasing another Bitcoin, increasing its total holdings to 6,101 BTC, now valued at around US$510M.<\/span><\/li>\n
- President Nayib Bukele reaffirmed the country\u2019s commitment to Bitcoin, dismissing IMF pressure despite a US$1.4B loan agreement that includes halting BTC purchases.<\/span><\/li>\n
- The IMF argues Bitcoin adoption in El Salvador remains minimal, with limited public trust, low circulation and no financial sector exposure, mitigating economic risks.<\/span><\/li>\n<\/ul>\n<\/div>\n
In direct contradiction to the IMF\u2019s stipulations, El Salvador\u2019s Bitcoin Office recently purchased an additional Bitcoin (BTC)<\/a>, increasing the country\u2019s total holdings to 6,101 BTC, now valued at approximately US$510M (AU$804M).<\/p>\n
El Salvador\u2019s President Nayib Bukele shared the news on X, reaffirming<\/a> his pro-Bitcoin stance, reassuring that pressures from the International Monetary Fund (IMF) will not deter the country\u2019s Bitcoin activities, even despite a recent loan agreement that included strict measures that included halting BTC purchases.<\/p>\n
\n\u2018This all stops in April. This all stops in June. This all stops in December.\u2019 No, it\u2019s not stopping. If it didn\u2019t stop when the world ostracized us and most \u2018bitcoiners\u2019 abandoned us, it won\u2019t stop now, and it won\u2019t stop in the future.<\/em><\/p>\n
![](\"https:\/\/cdn.cryptonews.com.au\/2024\/08\/30134639\/Nayib-Bukele-President-of-El-Salvador.png\")
El Salvador\u2019s President Nayib Bukele <\/p>\n<\/div>\nBukele\u2019s statement comes as the IMF recently launched a report on March 5, highlighting a set of conditions for the US$1.4B (AU$2.21B).<\/p>\n
The IMF is requesting El Salvador\u2019s government to halt all Bitcoin-related activities, including purchases. It also seeks the liquidation of the Fidebitcoin trust by July 2025 and the discontinuity of its state-run Chivo wallet, which has already failed in the country, given that neither regular citizens nor businesses use it. That, and disclose all public Bitcoin wallet addresses.<\/p>\n
Related: <\/strong>Crypto Banter Says Trump Tariff War Has Major Impact on Crypto Market<\/strong><\/a><\/p>\n
IMF: Salvadorians Have Limited Trust in Bitcoin<\/h2>\n
The IMF highlights that cryptocurrencies and blockchain can enhance payments worldwide, yet crypto adoption could bring \u201cmacroeconomic risks\u201d to financial stability.<\/p>\n
In that sense, the reason why El Salvador has not collapsed economically is because Salvadorians don\u2019t really care about or use Bitcoin, having \u201climited trust in the technology\u201d:<\/p>\n
\nIn El Salvador, monetary and financial stability risks have been contained due to Bitcoin\u2019s limited circulation, in a context where the US dollar can also be freely used. The use of Bitcoin as means of payment has been minimal, reflecting Bitcoin\u2019s high price volatility and limited trust in the technology.<\/em><\/p>\n
![](\"https:\/\/cdn.cryptonews.com.au\/2025\/03\/06114754\/international-monetary-fund.png\")
IMF <\/p>\n<\/div>\nThe report adds that the financial sector in the country has no exposure, and companies do not pay their taxes in Bitcoin.<\/p>\n
\nMeanwhile, the financial sector has no exposure to Bitcoin, and payment of taxes in Bitcoin, which will be prohibited following legal reforms, have been insignificant<\/em><\/p>\n
IMF <\/p>\n<\/div>\nRelated: <\/strong>Bitcoin Mining Stocks Wobble as Miner Profitability Drops, JPMorgan Reports<\/strong><\/a><\/p>\n<\/p><\/div>\n
- President Nayib Bukele reaffirmed the country\u2019s commitment to Bitcoin, dismissing IMF pressure despite a US$1.4B loan agreement that includes halting BTC purchases.<\/span><\/li>\n