El Salvador has reached a $1.4 billion loan agreement with the IMF, restricting Bitcoin moves. 💼 The agreement aims to support El Salvador’s reform agenda and spur economic growth.

Bitcoin is no longer legally binding, the government will not accept BTC, and the Chivo wallet will lose state support. These steps are being taken to ensure financial stability.

Critics say Bukele is bowing to global financial forces. 🌍 But the move could boost international support.