Crypto
El Salvador keeps buying bitcoin five years on despite IMF pressure
El Salvador is continuing state-backed bitcoin accumulation five years after adopting a bitcoin law. The government holds 7,677 bitcoin worth about $480 million, according to Bitcoin Magazine. While the country rolled back bitcoin’s mandatory legal tender status to meet conditions for a $1.4 billion IMF loan package, it has not sold any of its holdings and keeps buying. Use for payments remains optional, while remittances via crypto remain limited.
