El Salvador steps up support for Bitcoin: buying Bitcoin in violation of IMF agreement
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2024-12-23 05:32 4,392
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Golden Finance reports that the government of El Salvador has made it clear that it will continue to promote Bitcoin as part of its economic strategy, even though the country has signed an agreement with the International Monetary Fund to gradually end its Bitcoin operations.
Stacey Herbert, director of El Salvador’s Bitcoin Office, clarified that the country will continue to purchase Bitcoin at an “accelerated” pace even after the agreement is reached as part of its strategic Bitcoin reserve strategy. Herbert also explained on social media that Bitcoin will remain legal tender and the government will continue to sponsor several cryptocurrency-focused education programs.