🇸🇻 El Salvador challenges the IMF with new Bitcoin purchases
Despite having signed an agreement with the International Monetary Fund (IMF) that limits government participation in Bitcoin-related activities, El Salvador continues to increase its reserves of the cryptocurrency. Recently, the National Bitcoin Office announced the acquisition of 12 additional BTC, raising the country's total reserves to 6,068 BTC, valued at over 554 million dollars.
These purchases have been made even after the Salvadoran Parliament approved reforms to the Bitcoin Law, removing Bitcoin's status as legal tender and making its use voluntary.
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