El Salvador President reaffirms commitment to buying Bitcoin despite agreements with IMF, sparking reactions in the digital currency community.
Nayib Bukele, the President of El Salvador, has stated that despite agreeing with the International Monetary Fund to reduce Bitcoin-related activities, his country will continue buying this digital currency. These remarks came after El Salvador’s agreement with the IMF last December, where the country was required to limit Bitcoin-related activities to receive a $1.4 billion financial package. Despite this agreement, El Salvador’s Strategic Reserves announced that they have acquired more Bitcoin, increasing their total holdings to 6,101.18 Bitcoins. El Salvador’s firm stance on continuing to invest in Bitcoin has faced varying reactions in the digital currency community.
