The International Monetary Fund wants El Salvador to change its Bitcoin laws.
A loan of $1.4 billion is on the line, stirring a dicey situation for the Caribbean nation.
El Salvador known for its unwavering stance on Bitcoin (BTC) has maintained its crypto policies, refusing to amend the Bitcoin law in exchange for a $1.4 billion credit from the International Monetary Fund.
This decision from El Salvador has raised discussions on lessons for Joe Biden, Olaf Scholz, and Emmanuel Macron as they contemplate integrating Bitcoin into their economy.
IMF Withholds $1.4B Credit from El Salvador
According to Blockchain researcher, Collin Brown, the IMF, which generally gives financial support to countries facing economic issues, is reportedly withholding a $1.4 billion credit line that El Salvador needs for debt repayment and other obligations.
Nayib Bukele stands strong with #Bitcoin!
El Salvador’s push for Bitcoin adoption is reportedly complicating its negotiations with the IMF for cre