The El Salvador Treasury acquired 7 Bitcoin (BTC) worth over 650,000$ in the seven days leading up to April 27, according to blockchain data shared by the country’s Bitcoin Office.

Rodrigo Valdes, Director of the IMF’s Western Hemisphere Department, confirmed during an April 26 press briefing that El Salvador is still complying with the agreement prohibiting Bitcoin accumulation by the government sector. “The El Salvador program is not just about Bitcoin, it involves deeper structural reforms, governance improvements, and enhanced transparency,” Valdes said.

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In December 2024, El Salvador signed a deal with the IMF for a 1.4 billion dollar loan, which required the government to drop Bitcoin’s legal tender status and halt additional BTC purchases.

Flexible Interpretation Leaves Room for Bitcoin Buys

Intergovernmental blockchain advisor and author Anndy Lian explained that the IMF deal might allow non-governmental entities to continue acquiring Bitcoin. “The flexible interpretation allows Bitcoin purchases through non-public sector assets or reclassified investments,” Lian said.

This strategy enables El Salvador to maintain its Bitcoin-friendly image while meeting IMF funding requirements. Lian also emphasized that El Salvador’s experience offers critical lessons for other nations considering crypto adoption.

El Salvador’s case highlights the tension between financial innovation and traditional economic frameworks, underlining the importance of strong regulatory frameworks and robust state capacity to withstand international financial pressures.

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Crypto Donations Surpass $1 Billion in 2024

Crypto donations are expected to exceed $1 billion in 2024, and have gained momentum particularly following the earthquakes in Myanmar and Thailand. Binance co-founder Changpeng “CZ” Zhao donated 1,000 BNB tokens, worth around $600,000, to help with the earthquakes in Thailand and Myanmar. This highlights the growing impact of blockchain-based emergency relief efforts and highlights the advantages cryptocurrencies offer over traditional donation methods.

Following the earthquake, Myanmar and Thailand were rocked by a 7.7 magnitude earthquake, killing 2,719 people in Myanmar and 18 in Thailand. Zhao’s donation highlights the fact that crypto donations are a significant source of aid to the region as the banking system is damaged. Donations are expected to reach $2.5 billion in 2025, driven by the rising value of digital assets and improved crypto regulations.

Donations Play a Growing Role in Emergency Aid: Vitalik Buterin and Anndy Lian Offer Support

As the role of cryptocurrencies in emergency relief efforts grows, blockchain expert Anndy Lian highlighted the advantages of crypto donations in providing rapid and direct aid in emergency situations. “Crypto transactions can happen in minutes, and that provides vital speed,” Lian said. She also emphasized that cryptocurrencies offer the ability to reach aid directly through digital wallets in areas affected by infrastructure issues.

People like Ethereum co-founder Vitalik Buterin are also known for their donations; in October, Buterin donated $180,000 worth of Ether to biotech charity Kanro. Crypto donations are likely to become more accepted in 2025, with more crypto wealth accruing and an improving political climate.

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The FSA has targeted five exchanges, including Dubai-based Bybit Fintech, Singapore-based MEXC Global, LBank Exchange, Seychelles-based KuCoin, and Singapore-based Bitget. On February 6, Apple removed these apps from the App Store, preventing Japanese users from downloading them.

Japan’s Cautious Approach to Crypto

Japan has adopted one of the most cautious stances towards cryptocurrencies among Asian markets. While Hong Kong has approved the first spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs), Japanese regulators remain wary of the volatility and risks associated with crypto ETFs.

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The FSA’s action should not be seen as a crackdown on retail crypto investment. Anndy Lian told Cointelegraph, “This isn’t about shutting down crypto investing. It’s about saying, ‘If you want to operate in our market, you must play by our rules.'”

New Tax Reform and Investor Protection

This regulatory move comes after the announcement of a new tax reform for 2025, which will treat crypto assets like traditional financial assets.

Lian emphasized that Japan’s regulatory approach is not an attack on crypto but a measure for investor protection and accountability. He pointed out that after the Mt. Gox hack in 2014, which caused massive losses, Japan has focused on tightening regulations to prevent such incidents. The Mt. Gox collapse resulted in a loss of $9.4 billion for over 127,000 investors.

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