As part of a $1.4 billion loan agreement aimed at ensuring financial stability and mitigating crypto-related risks, the International Monetary Fund (IMF) has required El Salvador to stop government Bitcoin purchases.
Under the terms of the deal, El Salvador must cease all future state Bitcoin acquisitions, and phase out support for the national crypto wallet, Chivo, by July 2025. Additionally, the government is expected to disclose its full Bitcoin holdings and conduct an independent audit.
Despite these conditions, El Salvador continues to grow its Bitcoin reserves. The country recently added another 12 BTC, bringing its total to 6,100 BTC, valued at approximately $550 million.
