IMF Confirms El Salvador Complying With Plan To Move Away From Bitcoin Despite BTC Accumulation
An officer from the International Monetary Fund (IMF) confirmed that El Salvador had complied with an agreement to stay away from the use of Bitcoin (BTC) as a reserve of property.
To a new one Press the briefingThe IMF is referring to a question from the Financial Software Company Ion Group asking how El Salvador has still accumulated the BTC despite the conclusion to stop making any purchases as part of a loan agreement.
El Salvador President Nayib Buklele Pushed back Against those conditions earlier this year, saying,
“'Everything stops in April.' 'Everything stops in June.' 'Everything stops in December.'
No, it doesn't stop.
If it doesn't stop when the world is ostracizing us and most 'bitcoiners' have left us, it will never stop now, and it will not stop in the future.
Proof of work> proof of whining. “
Data from Blockchain “De-Anonymizer” Arkham It is shown that the government of El Salvador gets a BTC every single day for a few hours.
But Rodrigo Valdes, director of the IMF's Western Hemisphere department, said that despite these purchases, the country is still working within the “Performance Standard” set by the IMF.
“In terms of El Salvador, I say that I can confirm that they continue to comply with their promise of non -accumulation of Bitcoin through the general sector of fiscal, which is the performance standard we have. But on top of that, I think it is very important for discussion with El Salvador.
El Salvador's program is not about Bitcoin. It is more, deeper in structural reforms, in terms of management, in terms of transparency. There is a lot of development there. And also, in the fiscal. And the authorities are making many development that implements reform. “
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