The post El Salvador’s Bukele Defies IMF: Bitcoin Plan ‘Won’t Stop’ appeared on BitcoinEthereumNews.com.

Bukele rejects IMF’s Bitcoin restrictions, reaffirming commitment to BTC purchases.   El Salvador continues acquiring Bitcoin, defying IMF’s loan conditions and demands.   Market confidence grows as El Salvador’s sovereign bond spreads narrow amid political stability. El Salvador’s President Nayib Bukele has firmly rejected the International Monetary Fund’s (IMF) request to limit the country’s Bitcoin purchases.  In a post on X, Bukele stated that the government will continue to purchase Bitcoin regardless of the IMF’s restrictions. President Bukele made it clear that El Salvador has no plans to stop its Bitcoin purchases, no matter the IMF’s demands. “This all stops in April.” “This all stops in June.” “This all stops in December.” No, it’s not stopping. 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 https://t.co/9pC0PoY3YQ — Nayib Bukele (@nayibbukele) March 4, 2025 IMF Imposes Bitcoin Restrictions on Loan to El Salvador As part of a $3.5 billion loan agreement, the IMF had set several conditions regarding El Salvador’s Bitcoin strategy.  These included a ban on the public sector voluntarily acquiring Bitcoin. The IMF specified that the Salvadoran government should limit its involvement with Bitcoin-related activities and avoid new acquisitions. Bukele has remained defiant despite these conditions, dismissing the IMF’s demands. Related: El Salvador Scales Back Bitcoin Adoption Under IMF Loan Terms Bukele Dismisses Critics, Doubles Down on Bitcoin Strategy Bukele responded on social media, rejecting earlier predictions that the government would stop buying Bitcoin. He declared that “nothing would halt” their plans. He also reaffirmed his commitment to the Bitcoin strategy, commenting that “work outweighs complaints.”  Shortly after the IMF’s announcement, El Salvador acquired an additional 19 BTC over the past week, followed by one more Bitcoin purchase…

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Filed under: News - @ March 5, 2025 8:22 am