IMF Says El Salvador Met Most Targets As Part Of $1.4 Billion Funding Program, But Wants To 'Ensure' Country's Bitcoin Holdings Don't Grow

IMF Says El Salvador Met Most Targets As Part Of $1.4 Billion Funding Program, But Wants To 'Ensure' Country's Bitcoin Holdings Don't Grow

The International Monetary Fund said Tuesday that it will “ensure” El Salvador does not increase its Bitcoin (CRYPTO: BTC) stockpile, which conflicts with the Central American nation’s state policy.

IMF Says 'Efforts Will Continue' to Ensure El Salvador Doesn't Accumulate More BTC

El Salvador has kept purchasing bitcoin, but the IMF seems unfazed.

The Daily: IMF says it will ‘ensure’ El Salvador does not buy additional bitcoin, GameStop scoops up its first 4,710 BTC, and more – MAXBIT

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Source link

El Salvador violates IMF terms again by purchasing more BTC

El Salvador Adds More Bitcoin After IMF Loan Review Approval

El Salvador buys more Bitcoin shortly after securing $1.4B in IMF loan approval. IMF urges Bitcoin freeze and Chivo exit by July, but new BTC purchases continue. Bitcoin Office bypasses the IMF terms using a legal distinction within the fiscal sector. El Salvador and the International Monetary Fund (IMF) have once again clashed over the country’s Bitcoin strategy. On May 27, IMF staff reached a staff-level agreement with the Salvadoran authoriti…

Does El Salvador stop its bitcoin hunt? The IMF confirms the stability of the reserves, but Nayib Bukele plays hide-and-seek with its cryptic ambitions. What will happen next? The Bitcoin article: Not accumulation for El Salvador, according to the IMF appeared first on Cointribune.