El Salvador Secures $1.4B IMF Deal But Must Halt Bitcoin Buys and Limit Chivo Wallet Use

El Salvador has clinched a pivotal $1.4 billion agreement with the International Monetary Fund (IMF), marking a major move toward fiscal stability—but at a cost: stricter limits on the country’s use of Bitcoin. The deal, announced after months of negotiation, falls under the IMF’s Extended Fund Facility (EFF), spanning 40 months and providing access to […]