Compliance on Paper, Defiance in Action: El Salvador Quietly Buys Bitcoin

El Salvador bought 1 BTC despite agreeing to curb purchases under a $1.4B IMF deal. The government considers Bitcoin a key long-term asset strategy. President Bukele’s crypto stance continues to clash with traditional financial institutions. El Salvador appears to be doubling down on its Bitcoin ambitions , despite conditions tied to a recent $1.4 billion loan from the International Monetary Fund (IMF) that urged the country to scale back crypto involvement. According to reports, El Salvador’s Bitcoin Office confirmed the quiet purchase of one more BTC, adding to its Strategic Bitcoin Reserve. The move comes just months after the IMF finalized a deal with President Nayib Bukele’s administration, raising eyebrows over whether the country is complying just on paper while continuing to accumulate Bitcoin behind the scenes. El Salvador’s Bitcoin Policy: Still Active Despite Global Pressure Speaking at Web Summit in Rio, El Salvador’s Economy Minister Maria Luisa Hayem clarified the government’s stance, which came under heavy criticism for succumbing to IMF pressure, “There’s a commitment of President Bukele to keep accumulating assets.” … The post Compliance on Paper, Defiance in Action: El Salvador Quietly Buys Bitcoin appeared first on Coin Edition .

Source: Coin Edition