El Salvador's Minister of Economy Declares Accumulation of Bitcoin a Key Venture, Despite Agreement with IMF: Source
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In today's news, we take a look at El Salvador's ongoing Bitcoin purchases and the IMF's evolving response to the situation. While the IMF has called for scaling back on Bitcoin accumulation as part of a loan agreement, El Salvador's economy minister, Maria Luisa Hayem, says the country remains committed to adding Bitcoin to its reserves. Rodrigo Valdes, the director of the IMF's Western Hemisphere Department, suggested that El Salvador is still complying with the IMF's performance criteria set forth for the loan despite recent Bitcoin purchases.
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[1] El Salvador's Economy Minister Says Country Remains Committed to Bitcoin Purchases; article by Bloomberg; accessed May 1, 2025; https://www.bloomberg.com/news/articles/2025-05-01/el-salvador-says-it-s-still-accumulating-bitcoin-amid-imf-loan[2] IMF still happy with El Salvador's non-accumulation of Bitcoin; article by Cointelegraph; accessed May 1, 2025; https://cointelegraph.com/news/imf-still-happy-with-el-salvadors-non-accumulation-of-bitcoin[3] El Salvador Still Building Bitcoin Reserves Amid IMF Funding; article by CoinDesk; accessed May 1, 2025; https://www.coindesk.com/policy/2025/05/01/el-salvador-still-building-bitcoin-reserves-amid-imf-funding/[4] Here’s what’s driving El Salvador’s Bitcoin adoption; article by Cointelegraph; accessed May 1, 2025; https://cointelegraph.com/news/heres-s-what-s-driving-el-salvador-s-bitcoin-adoption[5] El Salvador’s bitcoin holdings break fresh records; article by The Block; accessed May 1, 2025; https://www.theblockcrypto.com/post/118573/el-salvadors-bitcoin-holdings-break-fresh-records
- The Daily Hodl offers the latest news and insights on Bitcoin, Ethereum, altcoins, and other digital assets, including controversies, scams, hacks, and breaches.
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- Stay informed about the ever-changing regulatory landscape by following The Daily Hodl's coverage on Bitcoin's impact around the world, such as El Salvador's ongoing Bitcoin purchases despite an IMF agreement.
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- For more information on El Salvador's Bitcoin adoption and the IMF's response, readers can refer to articles by Bloomberg, Cointelegraph, CoinDesk, and The Block.
