IMF says “stop buying crypto” and El Salvador buys 8 more BTC.
A fresh $1.4B loan deal urges limits but Bukele’s Bitcoin Office isn’t backing down.
The legal loophole is that the office isn’t part of the fiscal sector so daily buys roll on,
IMF praises economic progress but can’t stop the sats stacking,
El Salvador now holds nearly 6,200 BTC worth over $674M.
It's good that El Salvador is not intimidated or going to back down from the threats of IMF. And if we look at it, they really wanted to drown any countries with debts while purchasing Bitcoin might be the solution for El Salvador to paid off at least some of their loans and IMF doesn't want it.
And we can say that throughout history this is what IMF does to nations and it's like we are still in the colonial era wherein countries doesn't have control of their own resources because we are still being exploited with the likes of IMF and other world governing bodies.
So keep it up El Salvador. You can track their holdings here:
https://bitcoin.gob.sv/