El Salvador Continues Buying Bitcoin Despite IMF Loan Conditions

El Salvador, the nation that became a pioneer by adopting Bitcoin as legal currency, has been in the spotlight recently with its agreement for an IMF loan. However, this agreement involves conditions such as limiting Bitcoin purchases, which El Salvador continues to defy despite pressure from the IMF. 8 Bitcoins were added to El Salvador’s national Bitcoin reserve last week, bringing the total to 6,162.18 BTC, leading investors and analysts to wonder about potential compliance with the loan terms. The country’s Bitcoin Office has been actively sharing updates on its Bitcoin purchases via social media, raising concerns about whether the government is fully adhering to the IMF’s demands.