IMF Loans El Salvador $1.4 Billion Amidst Bitcoin Controversies

The International Monetary Fund (IMF) has approved a $1.4 billion loan for El Salvador, but the deal comes with strict restrictions on Bitcoin purchases. President Bukele, who is staunchly in favor of Bitcoin adoption, has vowed to ignore these conditions while pushing forward with his nation’s controversial cryptocurrency policies. This IMF-imposed policy aims to stabilize El Salvador’s economy by mitigating financial risks associated with increased Bitcoin holdings. ]