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@ Cointelegraph - by layer3.news
2025-03-06 15:34:44
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✍️ Salvadoran President Nayib Bukele announced that his government will continue to accumulate Bitcoin despite a requirement from the International Monetary Fund (IMF) to stop.
👉 El Salvador struck a $1.4 billion loan deal with the IMF in January
👉 The deal included a condition to walk back Bitcoin adoption and declassify it as compulsory legal tender
👉 Bukele announced that his government will continue to accumulate Bitcoin
👉 The IMF released a report outlining the terms of the agreement, noting that it would prohibit the public accumulation of Bitcoin
👉 The apparent conflict between Bukele's Bitcoin plans and the IMF's terms has raised questions about the future of El Salvador's Bitcoin accumulation and the potential fallout from a conflict with the lender
#NayibBukele #SamsonMow #JohnDennehy #UnseenFinance #ElSalvador #InternationalMonetaryFund #technology
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