The International Monetary Fund said El Salvador has not added to the Bitcoin kept in its state-controlled digital wallets, leaving the government’s cryptocurrency position unchanged. The clarification came during a regular briefing in which the multilateral lender reviewed the country’s compliance with its ongoing financial program. IMF officials added that El Salvador’s existing Bitcoin purchases, held through the Strategic Reserve Fund, are consistent with the program’s goals and rules. The Fund did not disclose the size of the holdings but indicated that merely shifting coins between wallets does not affect the assessment so long as the net position remains stable.
Q&A: Inner City Press asked the IMF today if El Salvador if just moving Bitcoin around in its wallets, and not buying anymore. Spokesperson's answer here... https://t.co/Jz5kIDsWf3
IMF States That El Salvador’s Purchase of Bitcoin for Its Strategic Reserve Fund Aligns With Program Rules. https://t.co/2uJvQF5Mw3
IMF States That El Salvador’s Purchase of Bitcoin for Its Strategic Reserve Fund Aligns With Program Rules