IMF Report: El Salvador Has Not Purchased Bitcoin Since February 2025

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AI Summary

El Salvador has announced it will stop purchasing Bitcoin after February 2025, potentially impacting future economic challenges. This move could affect investor confidence and the country's financial stability.

According to reports by Wu, the latest compliance report from the IMF indicates that El Salvador has not purchased Bitcoin since February 2025. The report cites a letter from the central bank president and the finance minister stating that the amount of Bitcoin held by the public sector has not changed. The recent increase in reserves is solely due to the consolidation of internal government wallets, which contradicts the claims made by President Bukele and his Bitcoin office of 'buying 1 BTC daily.'

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IMF Report: El Salvador Has Not Purchased Bitcoin Since February 2025

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