El Salvador’s President Nayib Bukele has dismissed conditions set by the International Monetary Fund (IMF) as part of a $1.4 billion loan deal.
The IMF’s latest country report outlines strict requirements aimed at limiting the country’s Bitcoin
$91,836.51
policies, including a ban on further government purchases, the closure of the Fidebitcoin trust by July 2025, and the release of all government Bitcoin wallet addresses.
However, President Bukele made it clear that he had no intention of complying. In a March 5 post on X, he wrote, “‘This all stops in April’. ‘This all stops in June’. ‘This all stops in December’. No, it’s not stopping”.
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El Salvador’s Bitcoin Office announced the addition of 1 BTC to its national reserves, bringing the total holdings to 6,101 BTC—valued at around $510 million, according to Arkham Intelligence. This latest purchase reinforces the country’s commitment to its Bitcoin policy, despite the IMF’s attempts to limit it.
While President Bukele’s approach has faced criticism, he continues to receive support from Bitcoin advocates. Strategy chairman Michael Saylor responded to Bukele’s post, “Bitcoin adoption is unstoppable”.
President Bukele followed up with another statement:
If it didn’t stop when the world ostracized us and most “Bitcoiners” abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > proof of whining.
Meanwhile, US President Donald Trump reaffirmed his commitment to cryptocurrency by announcing plans for a government-held crypto reserve. What did he say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
