El Salvador's $620M Bitcoin Holdings Frozen by $1.4B IMF Program
El Salvador's $1.4 billion IMF program has ended compulsory Bitcoin acceptance and bars voluntary public-sector accumulation, but the state still reports $620 million in BTC. Merchants may refuse BTC and taxes must be paid in dollars, shifting day-to-day currency dynamics. Investors are watching whether sovereign crypto holdings become a risk asset under program oversight.