El Salvador to Continue Bitcoin Purchases Despite IMF Agreement

According to Odaily, El Salvador's Minister of Economy, Maria Luisa Hayem, announced at the Web Summit in Rio de Janeiro that the government will persist in purchasing Bitcoin despite a loan agreement with the International Monetary Fund (IMF) that includes a clause to halt further Bitcoin acquisitions. During a live broadcast, Hayem stated that President Nayib Bukele has pledged to continue accumulating the cryptocurrency. The Bitcoin Office of El Salvador reported that the country has acquired an additional 8 Bitcoins in the past week, bringing the total national reserve to 6,162.18 Bitcoins.