The post El Salvador Buys More Bitcoin Despite IMF Pressure to Pause appeared first on Coinpedia Fintech News
El Salvador has added eight more bitcoins to its holdings, defying the IMF’s push to halt government crypto purchases tied to a $1.4 billion loan deal. The Bitcoin Office announced the move shortly after IMF staff praised the country’s economic reforms during a loan review. While the IMF acknowledged progress in fiscal policy and inflation control, it repeated its call to reduce the government’s involvement in crypto activities. El Salvador now holds nearly 6,200 BTC, valued at over $674 million, showing little sign of backing down.