El Salvador Buries IMF Warnings, Continues Daily Bitcoin Purchases

Despite direct warnings from the International Monetary Fund (IMF), El Salvador has defied its loan conditions by continuing daily purchases of Bitcoin. Economic Minister Maria Luisa Hayem confirmed this action, raising concerns about potential breaches of a $1.4 billion loan agreement. 6,100 BTC – worth over $570 million based on current market prices – already fuels El Salvador’s efforts in this direction.