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Bitcoin

The Minister of Economy in El Salvador says that the accumulation of Bitcoin has studied a “important project” despite the International Monetary Fund deal: Report

Supreme Selfador officials are said to say that Bitcoin (BTC) purchases are continuing despite the loan agreement with the International Monetary Fund (IMF), which called for the expansion of its scope.

According to a new report issued by Bloomberg, Maria Louisa Haim, Minister of Economy El Salvador, He says The country’s decision to accumulate bitcoin as a backup asset.

“There is a commitment [El Salvador President Nayib] An agent to maintain the accumulation of assets as a way to do this accurately …

Bitcoin maintains an important project. There is the accumulation of assets that we see from the government perspective, from the private sector perspective. ”

Questions about Bitcoin’s purchase of El Salvador have been asked since $ 1.4 billion in financing from the lender residing in Washington late last year in exchange for pledges that included strengthening their financial accounts and expanding the scope of leading encryption assets.

However, purchases do not seem to explode from the loan conditions.

Earlier this week, the International Monetary Fund dealt with a question from the ION Financial Software Company, which asks how Salvador is still accumulating BTC despite agreeing to stop any other purchases as part of the loan agreement.

Rodrigo Valdes, director of the Western Ball Department at the International Monetary Fund, said that despite the recent bitcoin purchases, the country is still working within the “performance standards” set by the International Monetary Fund.

“With regard to El Salvador, let me say that I can make sure they are continuing to comply with their commitment to the lack of accumulation of bitcoin by the public financial sector, which is the performance standards that we have.

But moreover, I think this is very important for discussion in El Salvador. El Salvador does not revolve around Bitcoin. It is much more and deeper into structural reforms, in terms of judgment, in terms of transparency. There is a lot of progress there. Also, on the finance. The authorities have made a lot of progress in implementing the reform. “

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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.

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