
Bitcoin.com News|Mar 06, 2025 08:32
🇸🇻 Controversy is brewing over El Salvador's 1.4 billion credit deal with the IMF! The fine print reveals that the Bukele administration must reduce Bitcoin-related risks, including winding down the Chivo Wallet and halting the accumulation of Bitcoin at the public sector level.
However, President Nayib Bukele is pushing back, asserting that the nation will continue to build its strategic Bitcoin reserve. "If it didn’t stop when the world ostracized us, it won’t stop now," he declared, adding 35 BTC to their vaults in the last 30 days! 💪💎
The IMF has stated that recent increases in Bitcoin holdings may not violate their agreement, but this raises questions about potential loopholes El Salvador could be exploiting.
What do you think about this situation? Is El Salvador navigating a tricky path? Let us know your thoughts!
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