IMF: El Salvador has not defaulted on its Bitcoin holdings, and the loan agreement is expected to take effect on April 30

Odaily News The International Monetary Fund (IMF) stated that El Salvador’s purchase of Bitcoin at this stage does not violate the terms of the previously signed loan agreement, but it will negotiate on the matter.
It is reported that El Salvador reached a $1.4 billion loan agreement with the International Monetary Fund in January this year, which required the country to abandon Bitcoin adoption and cancel Bitcoin's legal currency status. However, Salvadoran President Nayib Bukele said that despite the request of the International Monetary Fund, the Salvadoran government will not stop buying Bitcoin. Bitcoin analyst John Dennehy revealed that the agreement between El Salvador and the International Monetary Fund was passed on January 29 and published in the official gazette the next day, but the effective date is April 30. (Cointelegraph)