Mars Finance News, on April 26, the International Monetary Fund (IMF) stated that the El Salvador government has agreed to stop using public funds to purchase Bitcoin. This decision may be related to the country's financial cooperation negotiations with the IMF. Since becoming the world's first country to adopt Bitcoin as legal tender in 2021, El Salvador's Bitcoin investment strategy has been highly controversial.
El Salvador has previously bought Bitcoin at market lows, but its current holdings are still in a state of floating loss.
The IMF has repeatedly warned about the potential financial risks of Bitcoin as legal tender.
After the news was announced, Bitcoin prices did not show significant fluctuations, but the market is paying attention to whether this will affect cryptocurrency policies in other countries.
