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IMF stops bitcoin in El Salvador

San Salvador, Feb 27 (Prensa Latina) An agreement announced by the International Monetary Fund (IMF) with El Salvador apparently cuts the momentum today in the country to a star policy of the government, the bitcoin.

On Wednesday, the Fund’s Board of Directors, after an agreement for 1.4 billion dollars for 40 months, assured that the potential risks of bitcoin were addressed “in accordance with the Fund’s policies”.

The lender acknowledged that the reforms approved to the Bitcoin Law on January 19, 2024 by the Legislative Assembly guarantee the use of the cryptocurrency only for the private sector and on a voluntary basis. In addition, the option to pay taxes was eliminated.

It also stated that going forward, the program’s commitments will limit the government’s participation in economic activities related to bitcoin, as well as in government transactions and bitcoin purchases”

Although the government continues to buy the digital asset, it no longer represents the same in its supply despite the fact that it was expected to rise with the arrival of Donald Trump to the presidency of the United States.

On the contrary, today the cryptoasset is trading below 90 thousand dollars for the first time in three months, after reaching a high of around 108 thousand 786 dollars on January 20, 2025, according to the Coingecko platform.

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