The President of Salvador Nayib Bukele said that his government would not stop buying Bitcoins despite the novel application of the International Monetary Fund for detention.
The IMF issued a novel request on March 3 for an extended agreement under the fund of the fund of $ 1.4 billion to El Salvador, which called on the country’s public sector to retain the voluntary accumulation of bitcoins (BTC).
“No, it doesn’t stop,” said Bukele on March 4 postConfirmation that El Salvador will not be in accordance with the request of the IMF.
“If it did not end, when the world ruled out and most of the” bitcoiners “will abandon us, will not stop now and will not end in the future,” he added.
Source: Nayib bukele
Salvador continued to Sti purchase At least one bitcoin a day on March 4 as part of the tax strategy of the Central American country.
The MFW MEMRANDUM of March 3 also asked El Salvador to stop Bitcoin mining activities and reduce the emission of debt or toxhenized instruments in the public sector.
While Bukele explained that Salvador would continue to arrange Bitcoins, it is not clear whether the country would be in accordance with other demands.
The National Bitcoin Office in El Salvador did not immediately answer at the request for comment.
Related: Bitcoin, cryptographic companies move to El Salvador, but success goes on banking access
In December 2024, the country initially secured a financial agreement worth $ 1.4 billion from the IMF in exchange for reducing Bitcoin initiatives.
Some of these funds included voluntary Bitcoin payments and making tax payments in American dollars.
El Salvador currently has 6,101 bitcoins worth $ 534.5 million, According to For data from the National Bitcoin Office in El Salvador.
The country is six as to the size of the Bitcoins of each national state, following the United States, China, Great Britain, Ukraine and Bhutan, Bitcoin Treasuries data can be seen.
Salvador began to buy bitcoins in September 2021, when Bitcoin became a legal tender – making him the first country.
The status of Bitcoin as a legal tender was narrowed in January, when Salvador adopted the law in January, so that BTC acceptance was voluntary for the buyers of the private sector.
Warehouse: Enormous questions: How can Bitcoins pay back?
