IMF claims El Salvador isn’t buying bitcoin despite Bukele’s boasts
The IMF gave El Salvador another $118 million as part of its deal to wind down the state-issued Chivo bitcoin wallet by July 31.
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The IMF gave El Salvador another $118 million as part of its deal to wind down the state-issued Chivo bitcoin wallet by July 31.
Read more (2 min) →The International Monetary Fund approved the loan on the condition that El Salvador scale down its Bitcoin project.
Authorities in El Salvador have agreed to end the use of bitcoin for tax payments by February 2025 in order to secure an IMF loan extension.