The International Monetary Fund (IMF) has approved a $1.4 billion credit facility for El Salvador, which aims to improve the country's finances in exchange for implementing a program that limits the government's bitcoin moves. The first tranche of $113 million has already been disbursed, with the remaining funds to be distributed in the next 40 months. Brazil has announced its intention to develop secure payment systems during its BRICS presidency in 2025, with the aim of reducing reliance on Western financial systems and enhancing economic cooperation within the bloc. However, the pilot of the Brazilian central bank digital currency (CBDC) has hit a roadblock as it lacks a key attribute: privacy. Despite testing different solutions, the pilot has not been able to find an application that satisfies the needs of privacy and compliance.



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