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Nayib Bukele kills Salvadoran bitcoin initiatives to appease IMF

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.

Does a bitcoin rally to $100K repay El Salvador’s IMF loans?

Simplistic calculations of El Salvador’s bitcoin holdings assume that a rally to $100K would allow IMF loan repayment. It probably won’t.

The IMF is still unhappy with El Salvador’s use of bitcoin at a sovereign level, and it’s pressing hard at the negotiation table.

El Salvador’s government Bitcoin agency has so far only made $235 this year despite planning to bring in almost $7.4 million in income.

Bitfinex’s public securities offering didn’t reach $500,000 meaning investors can claim a refund on the El Salvador Hampton hotel project.