by: xpoolPosted on:

El Salvador Doubles Down on Bitcoin Purchases Despite IMF Cautions

El Salvador defied the International Monetary Fund (IMF)’s request to halt its Bitcoin acquisitions by purchasing eight Bitcoins on Tuesday, despite the IMF’s pledge to limit the country’s total bitcoin holdings. El Salvador’s Bitcoin Office made this announcement shortly after a staff-level agreement was reached with IMF on the first review of the 40-month Extended Fund Facility (EFF). ]

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