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IMF: Will "continue efforts" to ensure El Salvador does not increase its bitcoin holdings
The International Monetary Fund (IMF) said on Tuesday that it "will continue to work" to ensure that the total amount of bitcoin held by the government of El Salvador remains unchanged. In March, El Salvador reached an agreement with the IMF to lend 3.50 billion dollars, one of the conditions of the agreement was that "the voluntary accumulation of bitcoin by the public sector is prohibited". Under the agreement, bitcoin was removed from legal tender status and merchants were no longer forced to...
2025-05-27 22:01:00
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