El Salvador's Bitcoin Buy: A Contradiction with IMF Statements El Salvador continues to acquire Bitcoin despite IMF statements about halting government accumulation. The country's treasury purchased 7 BTC last week, raising questions about the true interpretation of the IMF agreement. #ElSalvador #Bitcoin #IMF #Crypto

El Salvador's Bitcoin Buildup: IMF Says "No," But Actions Speak Louder El Salvador, despite recent IMF statements about halting government Bitcoin acquisition, continued to buy Bitcoin in the past week. The country's Treasury added 7 BTC, valued at over $650,000, directly contradicting the IMF's claim of compliance. This discrepancy highlights the complexities of international financial agreements, particularly in the burgeoning cryptocurrency space, where interpretations can differ greatly. There's a question of whether the purchases are from a private or public sector entity to remain in technical compliance with their IMF agreement.