2023-5-25 12:40 |
The International Monetary Fund projects 2.2% GDP growth and manageable debt, but warns of liquidity risks.
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The IMF said to slow down. El Salvador said no. President Bukele’s government just added five more Bitcoins to its treasury, pushing its reserves past 6,111 BTC — defying the very institution that loaned it $1.4 billion just months ago.…
El Salvador has reinforced its commitment to Bitcoin despite repeated cautions from the International Monetary Fund (IMF). On March 9, El Salvador’s Bitcoin Office confirmed that the country acquired six BTC for around $500,000.
Nayib Bukele’s comments come days after the International Monetary Fund’s (IMF) new request as part of its $1.4 billion loan deal The new request asks that there is “no voluntary accumulation of Bitcoin by the public sector” It also asks that there is a “ceiling of 0” on government Bitcoin purchases El Salvador’s president has […] The post El Salvador’s president says the country “won’t stop” buying Bitcoin appeared first on CoinJournal.
El Salvador buys another 1 BTC to strengthen Strategic Reserve
El Salvador’s festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin (BTC) reserve, El Salvador’s Christmas 2024 celebration has a distinctive Bitcoin-themed Christmas tree, further demonstrating the country’s everlasting dedication to the original cryptocurrency. On Dec.…
El Salvador’s agreement with the IMF could shutter the country’s state-backed Bitcoin wallet Chivo, but not its overall BTC support.
El Salvador has doubled down on its Bitcoin moves despite ongoing pressure from the International Monetary Fund (IMF) regarding the country’s use of the digital asset. On Oct. 4, Juan Carlos Reyes, President of the National Commission on Digital Assets (CNAD), announced that the Central American country’s lawmakers had passed “important amendments to the CNAD […] The post El Salvador doubles down on Bitcoin, defies IMF concerns appeared first on CryptoSlate.