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🚨El Salvador bypasses IMF #restrictions and continues to #buy Bitcoin daily
🔹Despite an IMF deal blocking new BTC purchases, El Salvador added 32 BTC last month via the Bitcoin Office.
🔹Current national holdings: 6,160+ BTC (≈ $584M).
🔹IMF says purchases bypassed restrictions using technical loopholes.
🔹Bitcoin to lose legal tender status on May 1 to unlock $1.4B IMF loan.
🔹President Bukele remains firm on BTC vision.$BTC
🔹Despite an IMF deal blocking new BTC purchases, El Salvador added 32 BTC last month via the Bitcoin Office.
🔹Current national holdings: 6,160+ BTC (≈ $584M).
🔹IMF says purchases bypassed restrictions using technical loopholes.
🔹Bitcoin to lose legal tender status on May 1 to unlock $1.4B IMF loan.
🔹President Bukele remains firm on BTC vision.$BTC
🚨IMF: EL SALVADOR COMPLIANT ON BITCOIN PLEDGE
🔹$BTC Accumulation: No new public sector Bitcoin purchases.
🔹Progress in governance, fiscal transparency, and structural changes.
🔹 Part of key performance targets with the IMF.
-IMF
🔹$BTC Accumulation: No new public sector Bitcoin purchases.
🔹Progress in governance, fiscal transparency, and structural changes.
🔹 Part of key performance targets with the IMF.
-IMF
China calls for tougher crackdown on use of crypto for illegal forex trading
Chinese authorities have called for a tougher crackdown on the use of cryptocurrencies as a tool for illegal foreign exchange trading in the latest effort to fend off financial risks. Prosecutors and forex regulators were told to strengthen supervision over foreign exchange, and cases where the Tether stablecoin was used as an intermediary to trade yuan with other currencies were highlighted, the Supreme People’s Procuratorate and State Administration of Foreign Exchange said in a statement on Wednesday.Tether – which is also known as USDT – is pegged to the US dollar, making the virtual currency less volatile than others.The SPP and SAFE said their local branches should improve coordination to “punish fraudulent foreign exchange purchases, illegal foreign exchange transactions and other foreign exchange-related illegal and criminal activities lawfully and handle every case efficiently to effectively prevent and resolve financial risks and maintain national financial security”.Read more here https://sc.mp/8fxl?utm_source=copy-link&utm_campaign=3246538&utm_medium=share_widget #Tether_stablecoin #cryptolegislation_in_modern_China #restrictions #¥
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