El Salvador Bitcoin Accumulation Is “Not Stopping”: Bukele Reaffirms
- El Salvador purchased one bitcoin, increasing its reserve total to 6,102 bitcoins, as reported by the National Bitcoin Office.
- The International Monetary Fund approved a loan program of $1.4 billion for El Salvador but recommended stopping further bitcoin accumulation.
- President Nayib Bukele stated that bitcoin accumulation will not stop, contradicting the IMF's recent report on government bitcoin acquisition.
- The IMF has stated that the public sector can no longer acquire bitcoins voluntarily, covering both purchasing and mining.
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El Salvador announces more bitcoin purchases, gives IMF assurances
SAN SALVADOR : El Salvador announced on Wednesday the purchase of a bitcoin, which takes the total in the country's strategic reserve to above 6,102 coins, the National Bitcoin Office posted on social media.The bitcoin purchase announcement comes days after the International Monetary Fund board approved a
·Singapore
Read Full ArticleBukele Plans to Continue Buying Bitcoin in Defiance of IMF
El Salvador’s President Nayib Bukele said his government would continue to buy Bitcoin even after inking a deal with the International Monetary Fund that was expected to halt accumulation of the digital currency.
·United States
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