El Salvador, the world's first country, which Bitcoin takes over as a legal offer, still acquires Bitcoin, although the International Monetary Fund (IMF) looked as if it would claim the alternative.
The Ministry of Finance from El Salvador acquired 7 Bitcoin (BTC) price over 650,000 US dollars within the seven days before April twenty seventh, blockchain data from the Bitcoin office of El Salvador.
When asked in regards to the country's Bitcoin investment, said Rodrigo Valdes, director of the Western hemisphere department on the IMF, said that the country continues to comply with its agreement to rent the federal government's Bitcoin.
El Salvador Bitcoin Holdings. Source: El Salvador Bitcoin office
“Let me say in relation to El Salvador that I can confirm that you simply proceed to comply along with your commitment to the non -abcumulation of Bitcoin by the general economic sector, which is the performance criteria now we have,” said Valdes during a press conference on April 26.
“But I believe this could be very necessary for the discussion in El Salvador,” he added. “The program of El Salvador is just not Bitcoin. It is far deeper structural reforms by way of governance by way of transparency much lower.”
In December 2024, El Salvador concluded a contract with the IMF for a loan of 1.4 billion US dollars, which caused the federal government to drop the status of Bitcoin as a legal offer and stopped its BTC accumulation.
Flexible interpretation leaves space for Bitcoin purchases
According to Anndy Lian, creator and intergovernmental blockchain consultant, the IMF's agreement can enable purchasing by non-governmental corporations.
“The” flexible interpretation “of the IMF suggests that purchases may not include public units or agreed assets and maintain technical compliance,” Lian told CoinTelegraph and added:
“This alternative approach enables El Salvador to maintain his Bitcoin-friendly image and at the identical time secure critical IMF financial means so as to not treatment sustainable public debts and limited reserves.”
Lian added that the strategy of El Salvador emphasizes the growing tension between financial innovation and traditional economic policy.
“The experience of El Salvador offers helpful lessons for nations that examine the crypto adoption and emphasize the necessity for robust regulatory framework and state capability to navigate international financial pressure,” he added.
