國際貨幣基金組織要求比特幣的負責人幫助薩爾瓦多

2025年3月3日，國際貨幣基金組織（IMF）批准了El Salvador的14億美元的擴展設施

On March 3, 2025, the International Monetary Fund (IMF) approved an extended facility of 1.4 billion dollars for El Salvador, to be paid in tranches over a 38-month period, it is stated in a press release. This decision follows negotiations during which El Salvador agreed to modify its bitcoin policy to address the IMF’s concerns. However, the IMF prohibits the accumulation of bitcoin and many other measures.

2025年3月3日，國際貨幣基金組織（IMF）批准了El Salvador的14億美元的擴展設施，並在38個月的時間內以巨額支付，並在新聞稿中表示。這項決定是在談判之後進行的，在此期間，埃爾·薩爾瓦多同意修改其比特幣政策，以解決國際貨幣基金組織的擔憂。但是，IMF禁止比特幣和許多其他措施的積累。

In 2021, under the impetus of President Nayib Bukele, El Salvador became the first country to adopt bitcoin as legal tender. However, this initiative raised concerns among international financial institutions, notably the IMF, regarding potential risks to financial stability and consumer protection from decentralized finance.

在2021年，在總統納伊布·布克勒（Nayib Bukele）的推動下，薩爾瓦多（El Salvador）成為第一個採用比特幣作為法定招標的國家。但是，這項倡議引起了國際金融機構（尤其是國際貨幣基金組織）對金融穩定和消費者免受分散財務保護的潛在風險的擔憂。

Indeed, the Central American country has also agreed to implement a comprehensive economic reform program, focusing on fiscal sustainability, social safety net, and financial sector resilience. The IMF will continue to monitor El Salvador’s progress in these areas.

確實，中美洲國家還同意實施一項全面的經濟改革計劃，重點是財政可持續性，社會安全網和金融部門的韌性。國際貨幣基金組織將繼續監視薩爾瓦多在這些地區的進步。

In January 2025, El Salvador modified its bitcoin law to comply with the terms of the 1.4 billion dollar financing agreement with the IMF.

2025年1月，埃爾·薩爾瓦多（El Salvador）修改了其比特幣法，以符合與國際貨幣基金組織（IMF）達成14億美元的融資協議的條款。

The new legislation, published in the Official Gazette on January 27, 2025, introduces several changes to the original bitcoin law passed in 2021.

這項新立法於2025年1月27日在官方公報上發表，介紹了2021年通過的原始比特幣法律的幾個更改。

Among the key amendments, Article 12 of the previous law, which mandated the government to invest 10 percent of the country’s treasury reserves in bitcoin, has been deleted. This clause had sparked controversy and raised concerns among some economists and financial institutions.

在關鍵修正案中，已刪除了以前法律的第12條，該法律規定政府將該國10％的財政部儲備投資於比特幣。該條款引發了爭議，並引起了一些經濟學家和金融機構的關注。

The new legislation also includes a provision for the creation of a special purpose vehicle (SPV) to manage the bitcoin holdings of the government. This measure is intended to segregate the cryptocurrency investments from other government funds and ensure greater transparency in their administration.

新的立法還包括制定特殊用途工具（SPV）來管理政府比特幣持有的規定。該措施旨在將加密貨幣投資與其他政府資金隔離開來，並確保其管理方面的透明度更高。

Furthermore, the new legislation introduces several technical adjustments and clarifications to the original bitcoin law, aiming to optimize its implementation and integration into the existing legal framework of El Salvador.

此外，新立法對原始比特幣法介紹了幾種技術調整和澄清，旨在優化其實施並集成到現有的薩爾瓦多法律框架中。

In addition to modifying the bitcoin law, El Salvador is also making other adjustments to address the IMF’s concerns. These include:

除了修改比特幣法外，薩爾瓦多還進行了其他調整以解決IMF的關注點。其中包括：

* Strengthening social safety net programs to mitigate the impact of economic reforms on vulnerable groups.

*加強社會安全網計劃，以減輕經濟改革對弱勢群體的影響。

* Further increasing revenue mobilization efforts to ensure fiscal sustainability over the long term.

*進一步增加了收入動員的努力，以確保長期的財政可持續性。

* Continuing to improve the financial sector's resilience through bank supervision and anti-money laundering measures.

*通過銀行監督和反洗錢措施，繼續提高金融部門的韌性。

The agreement with the IMF is seen as a crucial step to bolster investor confidence and ensure the country’s economic stability.

與IMF的協議被視為增強投資者信心並確保該國經濟穩定的關鍵步驟。

Moreover, this extended facility could pave the way for further funding from other institutions such as the World Bank and the Inter-American Development Bank to support El Salvador’s development programs.

此外，這種擴展的設施可能為來自世界銀行和美洲發展銀行等其他機構的進一步資金鋪平道路，以支持薩爾瓦多的發展計劃。

Despite these adjustments, bitcoin retains its status as legal tender in El Salvador and the government continues to believe in the potential of cryptocurrencies. However, in response to the IMF’s concerns, the country is now adopting a more cautious and balanced approach, seeking to leverage the benefits of BTC while mitigating the associated risks.

儘管進行了這些調整，但比特幣仍在薩爾瓦多（El Salvador）擔任法定貨幣的地位，政府繼續相信加密貨幣的潛力。但是，為了應對國際貨幣基金組織的關注，該國現在採取了一種更加謹慎和平衡的方法，試圖利用BTC的好處，同時減輕相關風險。

The agreement between El Salvador and the IMF thus illustrates the challenges faced by countries seeking to integrate bitcoin or cryptocurrencies in general into their national financial systems. It remains to be seen whether El Salvador will implement these new clauses or if the country will defy the IMF as it did in December 2024, by purchasing 1 million euros in BTC.

因此，薩爾瓦多與國際貨幣基金組織之間的協議說明了尋求將比特幣或加密貨幣整合到其國家金融體系所面臨的挑戰。埃爾·薩爾瓦多（El Salvador）是否將實施這些新條款，還是該國在2024年12月在BTC購買100萬歐元的情況，還有待觀察。