🇸🇻 The International Monetary Fund (IMF) has officially approved a 1.4 billion credit facility for El Salvador, aimed at improving the country's finances while placing limits on its Bitcoin activities. The deal, which includes an immediate disbursement of 113 million, is just the first tranche, with more funds to follow over the next 40 months. The IMF anticipates that this commitment will encourage additional support, potentially exceeding 3.5 billion in total aid. While recognizing El Salvador's progress in tourism and security, IMF officials also highlighted the country's high debt and financial challenges. As part of the agreement, the government will need to restrict its engagement in Bitcoin-related activities. 📉 In line with these changes, President Bukele has already reformed Bitcoin's legal tender status, making its acceptance voluntary and eliminating the option to pay taxes with it. However, the country continues to make Bitcoin purchases, with Bukele recently announcing the acquisition of 7 BTC after a brief pause. What do you think about El Salvador's ongoing Bitcoin strategy amid these new IMF conditions? Let us know your thoughts! 💬