El Salvador Circumvents IMF Restrictions, Continues Daily Bitcoin Purchases

According to Jinse, despite the government pausing Bitcoin-related activities to secure a $1.4 billion loan, El Salvador has quietly continued its Bitcoin purchases through the Bitcoin office. The country added 32 Bitcoins last month, now holding over 6,160 Bitcoins valued at approximately $584 million. The IMF confirmed the country's Treasury Department has adhered to its commitment to "not increase holdings," but the Bitcoin office operates "outside these fiscal definitions," using "technical loopholes" to evade restrictions. To unlock IMF funds, El Salvador will remove Bitcoin as a mandatory means for payments and taxes starting May 1. President Bukele remains "committed to the Bitcoin strategy."