The International Monetary Fund (IMF) has imposed restrictive regulations on Bitcoin activities in El Salvador as a prerequisite for granting a $1.4 billion loan. The IMF has outlined three key conditions that will lead to significant changes in the country’s digital currency policies. Firstly, government entities are prohibited from purchasing new Bitcoins (BTC). Secondly, the Fidebitcoin trust fund must be dissolved by July 2025, and thirdly, the government is obligated to publicly disclose all Bitcoin wallet addresses. Additionally, El Salvador must revise its Bitcoin law to eliminate mandatory requirements for government and private sectors to accept this digital currency. Despite these new restrictions, El Salvador still holds approximately 6,100 Bitcoins worth around $510 million and continues its open-door policy to attract businesses active in digital currency and artificial intelligence.
