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El Salvador Continues Bitcoin Purchases While Navigating IMF Compliance
Despite a December 2024 agreement with the International Monetary Fund (IMF) requiring El Salvador to halt public Bitcoin accumulation, the country continues to acquire Bitcoin through alternative channels in 2025. El Salvador's Bitcoin Office confirmed the purchase of 7 BTC worth over $650,000, demonstrating the government's ongoing pro-crypto stance. The IMF recognizes El Salvadors compliance with the letter of their agreement, emphasizing that non-accumulation by the public fiscal sector remains intact while indirect methodssuch as purchases via non-governmental entities or reclassification of Bitcoin holdersallow the country to grow its crypto holdings. This strategic maneuver enables President Nayib Bukele to uphold his pro-Bitcoin image and maintain momentum for Bitcoin as legal tender, despite international pressure to cease accumulation and drop Bitcoins legal tender status. These developments highlight El Salvadors nuanced financial strategy, balancing structural reforms demanded by the IMF with its commitment to cryptocurrency adoption. The country's approach signals a complex interplay between sovereign financial innovation and adherence to global institutional frameworks, underscoring Bitcoin's evolving role in national economic policy.
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