[IMF Seeks To Limit El Salvador'S Public Sector Bitcoin Purchases] March 4Th, According To Cointelegraph, The International Monetary Fund (IMF) Is Seeking To Tighten Restrictions On El Salvador'S Public Sector'S Purchase Of Bitcoin As Part Of The Country'S $1.4 Billion Extended Fund Facility.On March 3Rd, The IMF Submitted New Requirements For The Fund'S Extended Arrangement To El Salvador, Including A Technical Memorandum Of Understanding That Explicitly States That The "El Salvadoran Public Sector May Not Voluntarily Accumulate Bitcoin." The Memorandum Also Calls For Restrictions On The Public Sector Issuing "Any Type Of Debt Or Tokenized Instrument Tied To Bitcoin Or Priced In Bitcoin And Constituting A Liability To The Public Sector."El Salvador'S Executive Director, Méndez Bertolo, Emphasized In A Statement On February 26Th That The IMF'S Extended Fund Facility Aims To "Improve Governance, Transparency, And Resilience, Boost Confidence, And Enhance The Country'S Growth Potential. At The Same Time, Bitcoin-Related Risks Are Being Mitigated. Authorities Have Revised The Bitcoin Law, Clarified The Legal Nature Of Bitcoin, And Removed The Essential Characteristics Of Legal Tender. Acceptance Of Bitcoin Will Be Voluntary, Taxes Will Be Paid In Dollars, And The Role Of The Public Sector In Bitcoin Projects Will Be Limited." The Plan Is Expected To Attract "Significant Additional Financial Support" From The World Bank, Inter-American Development Bank, And Other Regional Development Banks