Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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El Salvador’s President: Will Not Stop Accumulating Bitcoin Due to IMF Agreement
2025-03-04 22:50:30

Odaily News El Salvador’s Nayib Bukele has stated on X that El Salvador has no intention of stopping its purchases of Bitcoin (BTC), regardless of what the International Monetary Fund (IMF) demands. Bukele posted on X: “‘This will stop in April.’ ‘This will stop in June.’ ‘This will stop in December.’ No, it will not stop, not now and not in the future when the world rejects us and most ‘Bitcoiners’ abandon us. Proof of Work > Proof of Complaint.” Earlier in the day, the International Monetary Fund (IMF) released more details of its $3.5 billion agreement with the Latin American country. The IMF claims that as part of the loan program, the IMF prohibits “voluntary accumulation of Bitcoin by the public sector.”