Crypto Daily – El Salvador has said it will continue to purchase (BTC), possibly at an accelerated rate for its strategic reserve despite a deal with the International Monetary Fund.
El Salvador had agreed to modify its Bitcoin policy, limiting public sector involvement with the cryptocurrency and gradually phasing out its Chivo wallet.
El Salvador To Continue BTC Payment
El Salvador has said it will continue buying Bitcoin, a day after reaching a crucial financing agreement with the International Monetary Fund (IMF). The IMF had insisted the country limit its exposure to the cryptocurrency. However, Stacy Herbert, El Salvador’s National Bitcoin Office Director, has said Bitcoin will remain legal tender in the country, and it will keep buying BTC to add to its strategic reserve.
El Salvador reached a $1.4 billion loan deal with the IMF. As part of the agreement, the country agreed to scale back its Bitcoin policy and make crypto payments voluntary instead…
Read More
