The El Salvador government continues to accommodate Bitcoin (BTC) for the National Crypting Reserve, despite a continuous agreement with the International Monetary Fund (IMF), which stops that the Central American country stops using public funds to buy bitcoin as one of the terms of the loan agreement.
according to Data From the Bitcoin office, the country has acquired an additional seven BTC in the past seven days, thus reaching 6173 BTC, at a value of more than $ 637 million.
Bitcoin office in El Salvador continued its fixed pace for Bitcoin acquisitions months after the signing of the International Monetary Fund agreement and no sign of the suspension of bitcoin purchases.
The Central American State is one of the only countries that Bitcoin is actively bought in open market operations, and the strategy of the National Treasury in Bitcoin will be a plan for other countries that are also considering Bitcoin strategic reserves, according to Crypto managers in the Crypto industry.
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El Salvador is still defied against the pressure of the International Monetary Fund
El Salvador signed a $ 1.4 billion loan agreement with the International Monetary Fund in December 2024. As part of this agreement, the country’s government agreed to abolish the law of bitcoin’s legal bids and make bitcoin payments voluntary.
The agreement also stipulated that Al Salvador must expand the scope of bitcoin accumulation, and refrain from using public funds to finance bitcoin purchases.
In addition, the deal from the government required the privatization of the Chivo portfolio, which was publicly funded but did not witness a great use among the population.
In January 2025, legislators in the Central American country canceled the Bitcoin legal bid law in a 55-2 vote in Congress, although this did nothing to stop or slow acquisitions of bitcoin.
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The International Monetary Fund issued another request to the country to stop Bitcoin Buys in March 2025, repeating the original conditions of the agreement. However, the President of El Salvador Nayb pushed a bouleh back against requests.
The agent confirmed that the country will not stop bitcoin purchases or slow down its accumulation from BTC in the face of the escalating pressure from the UNHCR financial institution.
“No, it does not stop. If this does not stop when the world rejects us, and most“ Bitcoiners ”abandoned, it will not stop now, and will not stop in the future,” Bohur wrote on March 4 x. mail.
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