The International Monetary Fund (IMF) is reportedly demanding changes to\u00a0El Salvador’s<\/a> pro-Bitcoin law, hindering the country’s attempts to secure a $1.4 billion credit line as reported by\u00a0Infobae<\/a>.\u00a0<\/p>\n NEW: \ud83c\uddf8\ud83c\uddfb IMF reportedly demands changes to El Salvador’s #Bitcoin<\/a> law for a $1.4 billion aid.<\/p>\n They’re scared \ud83d\ude4c pic.twitter.com\/vmqhts5dCY<\/a><\/p>\n \u2014 Bitcoin Magazine (@BitcoinMagazine) April 12, 2024<\/a><\/p>\n El Salvador made history in 2021 by adopting Bitcoin as a\u00a0legal tender<\/a> under President Nayib Bukele. The country has since bet big on Bitcoin, building Bitcoin reserves, mining BTC, and\u00a0launching educational initiatives<\/a>.<\/p>\n However, the IMF has objected to the Bitcoin law amid loan negotiations with El Salvador, which needs financing to pay debts and obligations. Talks have stalled for nearly two years over the IMF’s calls to limit Bitcoin’s scope in the country.<\/p>\n According to the IMF’s communications director Julie Kozack on last Thursday, the “risks” of Bitcoin remain a key issue in discussions with El Salvador. The IMF has previously cited financial integrity and stability concerns about Bitcoin.<\/p>\n The fund’s opposition highlights a clash over the future of money and payments. While Bukele sees Bitcoin as an innovative solution for financial inclusion, the IMF remains wary of its volatility and decentralized nature, and a threat to their dominance.<\/p>\n