Accumulation of Bitcoin deemed a significant undertaking by El Salvador's Economy Minister, despite IMF agreement, as per news reports.
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Despite a loan agreement with the International Monetary Fund (IMF) requesting a scaleback on Bitcoin purchases, El Salvador's Economy Minister Maria Luisa Hayem reveals that Bitcoin accumulation continues to take place. While concerns had been raised about potential violations of the loan terms, El Salvador maintains compliance by indirectly pursuing Bitcoin purchases via non-governmental entities or adjusting the legal nature of Bitcoin holdings. IMF officials have acknowledged this technical compliance with the agreement[1].
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