by: xpoolPosted on:

El Salvador Buys More Bitcoin Despite IMF Restrictions

Despite warnings from the IMF, El Salvador has purchased eight additional Bitcoin, exceeding $674 million in value. This action comes despite an agreement with the IMF for a loan program worth $1.4 billion. The IMF had previously restricted El Salvador from acquiring further cryptocurrency for its reserve as part of the deal’s conditions. Arkham Intelligence reports the country now holds nearly 6,200 BTC.

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