The International Monetary Fund (IMF) is seeking to tighten restrictions on El Salvador’s public sector purchases of bitcoin as part of a $1.4 billion extended financing arrangement with the country. On March 3, the IMF submitted a new request for extension arrangements for El Salvador and submitted a number of new documents, including a technical memorandum of understanding, which clearly stated the conditions under which El Salvador’s public sector should not voluntarily accumulate bitcoins. The memorandum also calls for restrictions on the public sector from issuing any debt or tokenized instruments that are linked to or denominated in Bitcoin and constitute a liability to the public sector.(Cointelegraph)
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