El Salvador Increases Bitcoin Holdings Despite IMF Focus on Fiscal Reforms

The International Monetary Fund (IMF) had previously confirmed that El Salvador is upholding its commitment to halt Bitcoin accumulation within its public sector. Yet, on-chain data reveals a different reality that the Central American nation is continuing to grow its Bitcoin reserves quietly. Bitcoin Accumulation Continues in El Salvador Despite IMF’s Policy Claims In an April 26 press briefing, Rodrigo Valdes, Director of the IMF’s Western Hemisphere Department, stated that El Salvador is complying with the agreed non-BTC accumulation policy. “In terms of El Salvador, let me say that I can confirm that they continue to comply with their commitment of non-accumulation of bitcoin by the overall fiscal sector, which is the performance criteria that we have,” Valdes stated source: https://beincrypto.com/bitcoin-accumulation-continues-in-el-salvador/