BCGAME - Free 5BTC Daily Bonus!- El Salvador defies the IMF with continued Bitcoin purchases.
- Bukele reaffirms support for Bitcoin despite international risks and pressures.
- Flexible legislation allows private sector to choose to accept Bitcoin.
Nayib Bukele, the president of El Salvador, recently reaffirmed the country’s commitment to continuing its Bitcoin acquisitions. This decision comes even after an agreement was reached with the International Monetary Fund (IMF) that aims to limit cryptocurrency-related activities.
In December, the government of El Salvador reached an agreement with the IMF, whereby it agreed to restrict its Bitcoin transactions in exchange for a significant financial aid package. This package includes a $1,4 billion loan, with the total value potentially exceeding $3,5 billion. The agreement was structured as a response to the IMF’s concerns about the potential risks that the country’s involvement with Bitcoin could entail. However, these risks have not yet materialized.
To comply with the IMF’s demands, the Salvadoran Congress quickly passed legislative amendments allowing private sector entities to choose whether or not to accept Bitcoin as a form of payment. This flexibility is intended to moderate the impact of regulations on the local economy and investors operating within the country.
Bukele’s determination to continue buying Bitcoin was clearly expressed in a post on his X account. He stated: “No, it will not stop. If it did not stop when the world ostracized us and most bitcoiners abandoned us, it will not stop now, and it will not stop in the future.” This statement underscores El Salvador’s steadfastness in promoting Bitcoin as a strategic component of its economic policy, despite external pressures.
“This all stops in April.” “This all stops in June.” “This all stops in December.”
No, it's not stopping.
If it didn't stop when the world ostracized us and most “bitcoiners” abandoned us, it won't stop now, and it won't stop in the future.
Proof of work > proof of whining https://t.co/9pC0PoY3YQ
- Nayib Bukele (@nayibbukele) March 4, 2025
“This all stops in April.” “This all stops in June.” “This all stops in December.”
No, it's not stopping.
If it didn't stop when the world ostracized us and most “bitcoiners” abandoned us, it won't stop now, and it won't stop in the future.
Proof of work > proof of whining https://t.co/9pC0PoY3YQ
- Nayib Bukele (@nayibbukele) March 4, 2025
El Salvador’s commitment to Bitcoin, which began under Bukele’s leadership, has already made the country a global point of reference in the debate over the adoption of cryptocurrencies by national governments. By insisting on continuing his pro-Bitcoin policies, Bukele is not only challenging global financial norms, but also reaffirming his country’s sovereignty in controlling its own economic policies.
At the time of publication, the price of Bitcoin was quoted at US$89.453,47, up 8% in the last 24 hours.
