Nayib Bukele’s comments come days after the International Monetary Fund (IMF) new request as part of a $1.4 billion loan deal. The new demand asks “There is no voluntary accumulation of Bitcoin by the public sector.”
The president of El Salvador has rejected a new request from the International Monetary Fund (IMF) and said the country will not “stop” the purchase of Bitcoin.
In a post on X, Nayib Bukele said:
“All this will stop in April.” “All this will stop in June.” “All this will stop in December.” No, it will not stop. When the world expels us and most “bitcoiners” abandon us, if it doesn’t stop, it won’t stop now, it won’t stop in the future. ”
“All this will stop in April.” “All this will stop in June.” “All this will stop in December.”
No, it’s not stopped.
When the world expels us and most “bitcoiners” abandon us, if it doesn’t stop, it won’t stop now, it won’t stop in the future.
Proof of work>Proof of whining https://t.co/9pc0poy3yq
– Nayib Bukele (@nayibbukele) March 4, 2025
His remarks come days after the IMF issued a new request to El Salvador as part of the $1.4 billion loan agreement with the IMF.
Strategy CEO Michael Saylor replied, “We can’t stop adopting Bitcoin.”
El Salvador currently holds 6,101.18 Bitcoin for over $527 million.
Additional Requests
The new rules stated in the IMF’s National Report 2025 state that “there is no voluntary accumulation of Bitcoin by the public sector.”
“The voluntary accumulation of Bitcoin includes the purchase and mining of Bitcoin, excluding any accumulation of Bitcoin due to confiscation, seizures, arrests, custody, or government property or other ownership arising from laws of Salvadra.”
Furthermore, government Bitcoin purchases have a “zero ceiling.”
Approved invoice
The latest development follows the January approval by El Salvador of a bill to change the Bitcoin Act to comply with IMF loan transactions.
Under the plan, El Salvador changed its legal requirement that companies accept Bitcoin as a payment and instead make it an option. The government will also reduce a 3.5% decline in GDP over three years, increasing reserves from $11 billion to $15 billion due to reduced spending and rising taxes.
El Salvador became the first country to accept Bitcoin as fiat currency in 2021. It was then reported that all companies must accept Bitcoin. As a result, the move attracted attention from the IMF.
After El Salvador adopted Bitcoin in 2021, the IMF issued a statement in November 2021 saying that it would “encourage restrictions and oversight of new payment systems” while “recommending the scope of the Bitcoin Act.”
This was once again sought in January 2022 when the IMF advised El Salvador to reconsider making Bitcoin the country’s fiat currency. The IMF recently recommended that El Salvador limit public exposure to Bitcoin.
