{"id":128058,"date":"2025-04-27T14:15:41","date_gmt":"2025-04-27T14:15:41","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128058"},"modified":"2025-04-27T14:15:41","modified_gmt":"2025-04-27T14:15:41","slug":"el-salvador-adds-bitcoin-but-is-complying-with-imf-deal-director","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128058","title":{"rendered":"El Salvador adds Bitcoin, but is complying with IMF deal \u2014 Director"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsEl Salvador, the world\u2019s first country to adopt Bitcoin as legal tender, is still acquiring Bitcoin despite comments from the International Monetary Fund (IMF) appearing to claim the opposite.<br \/>\nThe treasury of El Salvador acquired 7 Bitcoin (BTC) worth over $650,000 in the seven days leading up to April 27, blockchain data from El Salvador\u2019s Bitcoin Office shows.<br \/>\nWhen asked about the country\u2019s Bitcoin investments, Rodrigo Valdes, director of the Western Hemisphere Department at the IMF, said that the country continues to comply with its agreement to halt government Bitcoin accumulation.<br \/>\nEl Salvador Bitcoin holdings. Source: El Salvador Bitcoin Office\u201cIn terms of El Salvador, let me say that I can confirm that they continue to comply with their commitment of non-accumulation of Bitcoin by the overall fiscal sector, which is the performance criteria that we have,\u201d said Valdes during an April 26 press briefing.<br \/>\nRelated: Crypto sentiment recovers, but weekend liquidity risks remain<br \/>\n\u201cBut on top of that, I think this is very important for the discussion in El Salvador,\u201d he added. \u201cThe program of El Salvador is not about Bitcoin. It\u2019s much more, much deeper in structural reforms, in terms of governance, in terms of transparency.\u201d<br \/>\nIn December 2024, El Salvador struck a deal with the IMF for a $1.4 billion loan, which required the government to drop Bitcoin\u2019s status as a legal tender and stop its BTC accumulation.<br \/>\nRelated: Serbia\u2019s Prince Filip says Bitcoin is being stifled, expects huge rally<br \/>\nFlexible interpretation leaves room for Bitcoin buys<br \/>\nThe IMF\u2019s agreement may still enable room for purchases through non-governmental entities, according to Anndy Lian, author and intergovernmental blockchain adviser.<br \/>\n\u201cThe IMF\u2019s \u2018flexible interpretation\u2019 suggests purchases may involve non-public sector entities or reclassified assets, maintaining technical compliance,\u201d Lian told Cointelegraph, adding:<br \/>\n\u201cThis alternative approach allows El Salvador to retain its Bitcoin-friendly image while securing critical IMF funding to address unsustainable public debt and limited reserves.\u201d<br \/>\nLian added that El Salvador\u2019s strategy highlights the growing tension between financial innovation and traditional economic policies.<br \/>\n\u201cEl Salvador\u2019s experience offers valuable lessons for nations exploring crypto adoption, emphasizing the need for robust regulatory frameworks and state capacity to navigate international financial pressures,\u201d he added.<br \/>\nMagazine: Altcoin season to hit in Q2? Mantra\u2019s plan to win trust: Hodler\u2019s Digest, April 13 \u2013 19<a href=\"https:\/\/cointelegraph.com\/news\/el-salvador-continues-bitcoin-purchases-despite-imf-agreement?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsEl Salvador, the world\u2019s first country to adopt Bitcoin as legal tender, is still acquiring Bitcoin despite comments from the International Monetary Fund (IMF) appearing to claim the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128058"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128058"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128058\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128058"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}