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.
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Bitcoin makes IMF hesitant to issue new loans to El Salvador
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.
IMF warns crypto threatens tax collection
An IMF working paper highlights how the pseudonymous nature of cryptocurrency presents problems for tax collection.
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