Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
IMF Confirms No Bitcoin Purchases by El Salvador

IMF Confirms No Bitcoin Purchases by El Salvador

TheccpressTheccpress2025/07/20 06:10
By:in Bitcoin News
Key Takeaways:
  • El Salvador’s Bitcoin buys paused, contradicting recent claims.
  • IMF cites unchanged Bitcoin stock since 2024.
  • Bukele reports daily Bitcoin buys, defying IMF guidelines.
IMF Confirms No Bitcoin Purchases by El Salvador

Nayib Bukele, President of El Salvador, contradicts IMF’s report confirming no Bitcoin purchases since December 2024.

The IMF report highlights El Salvador’s halted Bitcoin purchases, impacting fiscal strategies and raising credibility issues.

The IMF has verified that El Salvador has not bought Bitcoin since December 2024. This contrasts with reports from officials, including President Bukele, who claims daily Bitcoin acquisitions. Nayib Bukele Shares Important Bitcoin Development Updates . These conflicting narratives have sparked debate within the crypto community.

Primary actors involved include President Nayib Bukele, Minister of Finance Jerson Rogelio Posada Molina, and Central Bank President Douglas Pablo Rodríguez Fuentes. The IMF’s conditional loan required a pause on Bitcoin purchases, focusing on fiscal policies.

These developments raise questions about El Salvador’s financial strategy. The halt in purchases impacts both national credibility and fiscal stability, affecting market perceptions. Bitcoin, as a central asset, remains under scrutiny amid these changes.

In line with commitments under the program, the stock of Bitcoins held by the public sector remains unchanged, and we are taking steps to mitigate fiscal risks by reducing the public sector’s role in the Chivo wallet and reframing the Bitcoin project. — Douglas Pablo Rodríguez Fuentes, President, Central Bank of El Salvador

IMF terms force regulatory transparency and fiscal responsibility in El Salvador’s Bitcoin project. This decision, highlighted by recent data, emphasizes stabilizing government resources over new acquisitions while minimizing associated risks.

Despite claims of daily Bitcoin purchases, no new inflows are recorded. The government focus on existing holdings rather than acquiring more ensures compliance with IMF terms. This strategic decision reflects regulatory impacts and financial adjustments needed for stability.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!