El Salvador reaches $1.4 billion loan agreement with IMF
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2024-12-19 10:02 9,584
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According to news on December 19, El Salvador reached a US$1.4 billion loan agreement with the International Monetary Fund (IMF). As part of the agreement, El Salvador will lift its administrative involvement in the Chivo wallet and limit its public sector participation in Bitcoin-related economic activities. Under the IMF’s policies, the potential risks of the Bitcoin project will be significantly reduced, and legal reforms will allow the private sector to voluntarily accept Bitcoin. For the public sector, participation in Bitcoin-related economic activities and the trading and purchase of Bitcoin will be restricted.