The International Monetary Fund (IMF) had previously confirmed that El Salvador supported his commitment to stop Bitcoin's gathering in its public sector.
But chain data shows a different reality that the Central American people are growing quietly in their bitcoin stocks.
Bitcoin accumulation continues in El Salvador despite the IMF's political claims
Rodrigo Valdes, Director of the IMF's West Hemisphere Department, said at a press briefing of April 26 that El Salvador follows the agreed non-BTC accumulation policy.
“Let me say that for El Salvador, I can assure you that they continue to follow the dedication of their bitcoin accumulation by the general fiscal sector, which are our performance criteria,” Valdes is mentionedTo.
Valdes also highlighted the continuing efforts of leading and transparency reform El Salvador, describing them as strong and encouraging steps.
“The EL Salvador program does not touch Bitcoin. It is much more, in structural reforms much deeper, governance and transparency. There are many progress. And fiscal. And the authorities have made a lot of progress in the implementation
In addition to BTC, Valdes emphasized that fiscal reforms are another priority for El Salvador. These measures can open access to as much as $ 3.5 billion, increasing private sector investments and supporting sustainable economic growth.
El Salvador's efforts are related to the December 2024 Agreement with the IMF to obtain a $ 1.4 billion loan. As part of the transaction, the financial regulator required the government to review its Bitcoin policy.
These changes included the removal of the mandatory BTC acceptance of the merchants, the termination of Bitcoin -based tax payments and the return of the Chivo wallet project.
Despite the IMF claims, the block chain data shows El Salvador's activities.
On April 26, the State Bitcoin Bureau announced that El Salvador had bought 8 BTCs over the past week and 31 BTC in the last month.
These acquisitions have pushed El Salvadori's entire BTC Holdings to 6,159 BTC, which was worth more than $ 580 million at the time of writing.
According to Nayibtracker, this is 99.93%of the cost of acquisition costs of around $ 155 million.
Stacy Herbert, Director of the National Bitcoin office, emphasized that El Salvador will continue to expand his strategic Bitcoin reserve.
He explained that this step helps the state maintain the advantage of its first choice in the crypto room.
“El Salvador continues to the front of the rest of the world by adding to his strategic Bitcoin reserve. The first mobile advantage intensifies,” Herbert saidTo.
In the meantime, the adoption of the developing technologies continues to attract international attention. Stablecoin issuer Tether recently moved to his headquarters in El Salvador, praising the favorable regulatory environment of the people.
In addition to El Salvador recently signed Designed to develop a sovereign artificial intelligence infrastructure with Nvidia leader Nvidia. This step strengthens its position as a Latin -American growing innovation center.
Giving up
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