An official of the International Monetary Fund (IMF) said that El Salvador adheres to the agreement to abandon the use of Bitcoin as a reserve asset. This is clear that El Salvador continues with his Bitcoin accumulation plan, buying 1 BTC per day.
IMF and El Salvador: the bitcoin distance agreement and the purchase of 1 BTC per day
What reportedIt seems that head of the International Monetary Fund (IMF) spoke of the El Salvador agreement on Bitcoin.
In practice, the country of Central America with BTC as a legal tender should limit Bitcoin purchases by the public sector, as part of a funding agreement of $ 1.4 billion with the IMF.
At the same time, however, El Salvador seems to continue his Bitcoin accumulation strategy, buying 1 BTC per day.
Despite these purchases, however, Rodrigo ValdesDirector of the western IMF western hemisphere, would have confirmed that El Salvador complies with the “performance criteria” established by the IMF.
In this regard, Valdes said:
“With regard to Salvador, I can confirm that the country continues to join the commitment not to accumulate bitcoin by the tax sector, which is the performance criterion that we have established. But beyond, I believe that it is very important for the discussion in El Salvador. El Salvador's program is not a matter of Bitcoin. Tax front.
IMF and El Salvador: “The reform program does not concern bitcoin but governance and transparency”
Last March, The IMF had introduced his New conditions for the funding agreement of $ 1.4 billion with El Salvador. In practice, this implies Important restrictions on Bitcoin purchases by the public sector.
More specifically, the technical memorandum of understanding stressed that There should be no voluntary BTC accumulation And that any program of debt or token instrument indexed in Bitcoin must be limited.
At that time, Mendez BertoloExecutive director of El Salvador, said that the The extended credit line aims to improve the country's governance, transparency and resilience.
The president of Salvador, Nayib Bukele, has publicly opposed his BTC purchases.
“All this stops in April.” “All this stops in June.” “All this stops in December.” No, it won't stop. If that did not stop when the world has ostraca and most “bitcoins” have abandoned us, it will not stop now and it will not stop in the future. Proof of work> Proof of groans »
At the time of writingEl Salvador is in his wallet Up to 6,161.18 BTC, The equivalent of more than $ 582 million. Transaction movements confirm that, Last month, El Salvador bought 1 BTC per day.
“` Html
BTC price
“”
In the last seven days, The BTC price seems to have taken over the ground, manufacturing A pump of + 7% and position yourself Above $ 94,000.
At the time of writing BTC is worth $ 94,719 and is in a pump of + 14% compared to a month ago. He had not seen this price since early March, continuing to oscillate in a price range of $ 76,000 and $ 90,000.
The feeling of the market also seems to improve, with The Bitcoin Fear and Greed index seems to have returned to the area of enthusiasm, with a score of 60.
