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🔥El Salvador continues to accumulate Bitcoin despite the indications from the IMF 🚀
El Salvador, the first country in the world to adopt #bitcoin as legal tender, continues to buy Bitcoin despite a loan agreement of $1.4 billion granted by the International Monetary Fund, where one of the clauses of the agreement indicated the non-accumulation of Bitcoin.
Currently, the treasury wallet of #ElSalvador has 6,209 BTC, after having accumulated nearly 240 #BTC since December 19, 2024, just after the Central American country announced an agreement with the IMF.
In December, El Salvador reached an agreement with the IMF to obtain a loan of $1.4 billion, which was beneficial for the country to invest. But in return, the #FMI demanded that the government renounce Bitcoin's status as legal tender and stop the public accumulation of BTC, according to some media outlets.
But this was no obstacle for El Salvador to continue with its strategy of buying 1 BTC per day, a strategy established by its president Nayib Bukelé in 2022.
This is an interesting demonstration that regardless of the price or what others say, the strategy remains firm, accumulating more BTC for the future.
👉More crypto updates ...
Share and follow me for more 👈😎
$BTC
El Salvador, the first country in the world to adopt #bitcoin as legal tender, continues to buy Bitcoin despite a loan agreement of $1.4 billion granted by the International Monetary Fund, where one of the clauses of the agreement indicated the non-accumulation of Bitcoin.
Currently, the treasury wallet of #ElSalvador has 6,209 BTC, after having accumulated nearly 240 #BTC since December 19, 2024, just after the Central American country announced an agreement with the IMF.
In December, El Salvador reached an agreement with the IMF to obtain a loan of $1.4 billion, which was beneficial for the country to invest. But in return, the #FMI demanded that the government renounce Bitcoin's status as legal tender and stop the public accumulation of BTC, according to some media outlets.
But this was no obstacle for El Salvador to continue with its strategy of buying 1 BTC per day, a strategy established by its president Nayib Bukelé in 2022.
This is an interesting demonstration that regardless of the price or what others say, the strategy remains firm, accumulating more BTC for the future.
👉More crypto updates ...
Share and follow me for more 👈😎
$BTC
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El Salvador Challenges the IMF and Strengthens its Bet on Bitcoin
In a bold and defiant move, El Salvador has acquired an additional 240 Bitcoins, a step that contradicts a previously established "no accumulation" agreement with the International Monetary Fund (IMF) in December 2024. This decision not only underscores the country's firm conviction in its strategy of adopting Bitcoin as legal tender but also sends a powerful message about economic autonomy in the face of traditional financial institutions. This act comes at a time when Bitcoin has surpassed $100,000, highlighting increasing institutional interest and the consolidation of the cryptocurrency as a potential reserve asset for sovereign states. El Salvador's action could catalyze a global reevaluation of crypto policies and relationships with international organizations, setting a precedent for digital economic sovereignty.
#Bitcoin #ElSalvador #Criptomonedas #FMI #AdopcionCripto #EconomicSovereignty
In a bold and defiant move, El Salvador has acquired an additional 240 Bitcoins, a step that contradicts a previously established "no accumulation" agreement with the International Monetary Fund (IMF) in December 2024. This decision not only underscores the country's firm conviction in its strategy of adopting Bitcoin as legal tender but also sends a powerful message about economic autonomy in the face of traditional financial institutions. This act comes at a time when Bitcoin has surpassed $100,000, highlighting increasing institutional interest and the consolidation of the cryptocurrency as a potential reserve asset for sovereign states. El Salvador's action could catalyze a global reevaluation of crypto policies and relationships with international organizations, setting a precedent for digital economic sovereignty.
#Bitcoin #ElSalvador #Criptomonedas #FMI #AdopcionCripto #EconomicSovereignty
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El Salvador continues to accumulate Bitcoin amid agreement with the IMF
According to Cointelegraph, El Salvador continues to expand its Bitcoin (BTC) reserves, despite an agreement with the International Monetary Fund (IMF) that requires the country to stop using public funds for Bitcoin purchases. Recent data from El Salvador's Bitcoin Office reveals that the country acquired seven more BTC last week, increasing its total stock to 6,173 BTC, valued at over $637 million. This acquisition strategy remains steadfast months after the completion of the agreement with the IMF, indicating El Salvador's commitment to its Bitcoin accumulation plan.
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🔥 LAST: The IMF questions Pakistan's Bitcoin reserves and the use of energy for cryptocurrency mining.
Tensions rise amid current budget negotiations.
#FMI #Pakistan #pakistanicrypto #BTC #MineríaDeBitcoin $BTC
Tensions rise amid current budget negotiations.
#FMI #Pakistan #pakistanicrypto #BTC #MineríaDeBitcoin $BTC
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The #Salvador Adjust Policies of $BTC to Obtain Loan from #FMI 🌐
El Salvador has agreed to make significant changes to its #politicas on Bitcoin to receive a loan of 1.4 billion dollars from the IMF. The reforms include making the acceptance of Bitcoin by the private sector voluntary and limiting the public sector's involvement in Bitcoin-related activities. Despite the initial adoption of Bitcoin in 2021, a recent survey shows that 92% of Salvadorans do not use Bitcoin for transactions. The agreement, which still requires approval, will facilitate additional loans and raises the total financing package to over 3.5 billion dollars. $BTC
El Salvador has agreed to make significant changes to its #politicas on Bitcoin to receive a loan of 1.4 billion dollars from the IMF. The reforms include making the acceptance of Bitcoin by the private sector voluntary and limiting the public sector's involvement in Bitcoin-related activities. Despite the initial adoption of Bitcoin in 2021, a recent survey shows that 92% of Salvadorans do not use Bitcoin for transactions. The agreement, which still requires approval, will facilitate additional loans and raises the total financing package to over 3.5 billion dollars. $BTC
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😱 #FMI suggests El Salvador minimize exposure to Bitcoin! 🚨
On Thursday, October 3, the International Monetary Fund (IMF) issued a warning to El Salvador regarding the use of Bitcoin in the country! 🧐
👉 The IMF recommends El Salvador reduce Law $BTC and increase regulation and supervision of cryptocurrencies. Spokesperson Julie Kozack stressed that the government should reduce exposure to Bitcoin, especially in the public sector. ⚠️
While praising President Bukele's budget for 2025, which foresees the country being debt-free by that year, the IMF remains concerned about the risks to fiscal and financial stability related to the use of Bitcoin. 🏛️📊
What do you think about this?
#ElSalvadorBitcoin #Bukele #MarketDownturn #bitcoinhoy $BTC
On Thursday, October 3, the International Monetary Fund (IMF) issued a warning to El Salvador regarding the use of Bitcoin in the country! 🧐
👉 The IMF recommends El Salvador reduce Law $BTC and increase regulation and supervision of cryptocurrencies. Spokesperson Julie Kozack stressed that the government should reduce exposure to Bitcoin, especially in the public sector. ⚠️
While praising President Bukele's budget for 2025, which foresees the country being debt-free by that year, the IMF remains concerned about the risks to fiscal and financial stability related to the use of Bitcoin. 🏛️📊
What do you think about this?
#ElSalvadorBitcoin #Bukele #MarketDownturn #bitcoinhoy $BTC
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🔥El Salvador will limit some activities with Bitcoin due to an agreement with the IMF 👀
#ElSalvador and the International Monetary Fund (#FMI ) have reached an agreement for the country to limit domestic activities related to #Bitcoin , in exchange for a financing package.
The financing package provided by the IMF, which is expected to last for 40 months, includes a loan of $1.4 billion, aimed at supporting El Salvador's reform agenda and addressing the country's balance of payments needs.
In June 2021, El Salvador adopted Bitcoin as legal tender. With this new agreement, El Salvador would make the acceptance of Bitcoin by merchants voluntary, the country would reduce its participation in the Chivo wallet, and the public sector's involvement in economic activities with Bitcoin would be limited.
The agreement still needs the approval of the IMF's executive board to be implemented.
After the agreement, will El Salvador be able to continue buying Bitcoin?🤔
👉More crypto updates ...
Share and follow me for more 👈😎
$BTC
#ElSalvador and the International Monetary Fund (#FMI ) have reached an agreement for the country to limit domestic activities related to #Bitcoin , in exchange for a financing package.
The financing package provided by the IMF, which is expected to last for 40 months, includes a loan of $1.4 billion, aimed at supporting El Salvador's reform agenda and addressing the country's balance of payments needs.
In June 2021, El Salvador adopted Bitcoin as legal tender. With this new agreement, El Salvador would make the acceptance of Bitcoin by merchants voluntary, the country would reduce its participation in the Chivo wallet, and the public sector's involvement in economic activities with Bitcoin would be limited.
The agreement still needs the approval of the IMF's executive board to be implemented.
After the agreement, will El Salvador be able to continue buying Bitcoin?🤔
👉More crypto updates ...
Share and follow me for more 👈😎
$BTC
See original
El Salvador continues to accumulate Bitcoin after the agreement with the IMF
According to Cointelegraph, El Salvador continues to expand its Bitcoin (BTC) reserves, despite an agreement with the International Monetary Fund (IMF) that requires the country to stop using public funds for the purchase of Bitcoin. Recent data from El Salvador's Bitcoin Office reveals that the country acquired seven additional BTC during the last week, increasing its total reserves to 6173 BTC, valued at over $637 million. This acquisition strategy continues unabated months after the conclusion of the agreement with the IMF, demonstrating El Salvador's commitment to its Bitcoin accumulation plan.
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NEWS ALERT: El Salvador 🇬🇹 accumulates $BTC Bitcoin every day 😎🤔
They buy daily, ignoring the concerns of #FMI , and then repeat! Since 2022, they have been accumulating sats as if it were their job (well, in a way it is 🚬).
An impressive 6,150 BTC, $BTC and counting, worth a handsome $522M.
Meanwhile, the IMF is like "take it easy, buddy" after that $1.4B loan we gave you, but they said "no, it's all good 😎". It seems like they are betting big on the future of #Bitcoin... or just trying to secretly make Michael Saylor a little jealous
#TRUMP #BNBChain.
They buy daily, ignoring the concerns of #FMI , and then repeat! Since 2022, they have been accumulating sats as if it were their job (well, in a way it is 🚬).
An impressive 6,150 BTC, $BTC and counting, worth a handsome $522M.
Meanwhile, the IMF is like "take it easy, buddy" after that $1.4B loan we gave you, but they said "no, it's all good 😎". It seems like they are betting big on the future of #Bitcoin... or just trying to secretly make Michael Saylor a little jealous
#TRUMP #BNBChain.
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The Argentine government officially announced the lifting of the currency controls, a historic measure that marks the beginning of a new economic phase. After years of restrictions imposed on the foreign exchange market, the free buying and selling of dollars for individuals and legal entities is again permitted, within the framework of a new financing agreement for 20 billion dollars. The exchange rate will begin to be governed by a controlled floating band between 1,000 and 1,400 pesos per dollar, with monthly adjustments of 1%.
The declared objective of the economic team is clear: to normalize the foreign exchange market, stabilize the peso, and reduce inflation. Minister Luis Caputo emphasized that this measure aims to strengthen competitiveness and attract investments, while also relaxing import payment regulations. However, some restrictions, such as the distribution of profits abroad, will remain in effect until 2025.
The new economic package has international backing: the World Bank and the IDB will jointly provide more than 20 billion dollars. Nevertheless, significant challenges persist, such as containing volatility and the risk of a sharp devaluation. The transition will be key to assessing the success of this bold endeavor.
$BTC
The declared objective of the economic team is clear: to normalize the foreign exchange market, stabilize the peso, and reduce inflation. Minister Luis Caputo emphasized that this measure aims to strengthen competitiveness and attract investments, while also relaxing import payment regulations. However, some restrictions, such as the distribution of profits abroad, will remain in effect until 2025.
The new economic package has international backing: the World Bank and the IDB will jointly provide more than 20 billion dollars. Nevertheless, significant challenges persist, such as containing volatility and the risk of a sharp devaluation. The transition will be key to assessing the success of this bold endeavor.
$BTC
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