El Salvador Unwavering in Bitcoin Purchases Despite IMF Agreement

Despite a provision in an IMF loan agreement that restricts further Bitcoin purchases, El Salvador’s government remains committed to acquiring the cryptocurrency. El Salvador’s Minister of Economy, Maria Luisa Hayem, revealed this commitment at the Web Summit conference in Rio de Janeiro. According to President Nayib Bukele, he has pledged to continue accumulating Bitcoin despite the IMF clause. The Bitcoin Office of El Salvador reported an addition of 8 Bitcoins to their national reserve last week, bringing the total to 6,162.18 Bitcoins.