IMF Says El Salvador Stopped Using Public Funds to Buy Bitcoin Since June 2025
10h ago · 1 source · Summarised by CryptoBipto — how we make this
The International Monetary Fund has stated that El Salvador has not used public funds to accumulate bitcoin since June 2025. The announcement relates to the country's ongoing relationship with the IMF, which has previously raised concerns about El Salvador's bitcoin purchasing strategy.
WHY IT MATTERS
El Salvador was the first country in the world to make bitcoin an official currency alongside the US dollar. Think of it like a government deciding to accept a brand-new type of money for paying taxes and buying goods. The government also used taxpayer money to buy bitcoin, which is similar to a government investing public savings into a single stock — risky because the value can swing dramatically. The IMF, which is an international organization that lends money to countries and monitors their economic health, was worried this strategy could put the country's finances at risk. The IMF now says El Salvador has stopped this practice, which is significant because it shows how international financial pressure can influence a country's crypto policies.
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