El Salvador Defies IMF Warnings; Secretly Buys Bitcoin Every Single Day

Despite direct warnings from the International Monetary Fund, El Salvador continues its daily Bitcoin purchases. The country’s Economic Minister, Maria Luisa Hayem, confirmed that the government has not stopped accumulating Bitcoin, raising concerns over a possible breach of a $1.4 billion loan agreement.

This ongoing accumulation is happening even though the IMF had requested that the country reduce its crypto involvement as part of its loan conditions. El Salvador’s total BTC holdings have crossed 6,100 coins, worth more than $570 million based on current market prices.

However, despite earlier reports suggesting that the government had complied by pausing such purchases, new comments from the economic minister suggest otherwise. New evidence has raised fresh questions about undisclosed Bitcoin markets that the country may still use.

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Uncertainty Grows Over How El Salvador Is Financing Daily Bitcoin Buys

The authorities have failed to provide details about the origins of the funds that support their daily Bitcoin purchases. With public funds restricted under the IMF deal, this lack of clarity has led to growing concerns about transparency. The International Monetary Fund has accused El Salvador of financial noncompliance since the government refuses to explain its funding source.

Data from El Salvador’s Bitcoin office shows a consistent one-bitcoin-per-day buying pattern. Although the market’s recent bullish trend has boosted the value of its BTC reserves, questions around compliance with international financial commitments remain unanswered.

Additionally, conflicting reports are making the situation even more complicated. Contrary to previous reports El Salvador actively continues buying public sector cryptocurrencies according to new government statements.

Conclusion

Despite IMF warnings, El Salvador’s daily Bitcoin purchases are raising alarm internationally. With no clarity on funding and growing questions about compliance, the country’s crypto strategy is again drawing global attention. The lack of transparency fuels doubts about whether it is quietly sidestepping its loan agreement obligations.

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