Summary
- The International Monetary Fund (IMF) announced that it will work to reduce the amount of Bitcoin held by El Salvador.
- El Salvador is not complying with the IMF's demand to revoke Bitcoin's legal tender status and has recently made additional Bitcoin purchases.
- El Salvador currently holds a total of 6,190 Bitcoins, which is valued at approximately $673 million.
According to the cryptocurrency specialist media The Block on the 28th (Korean time), the International Monetary Fund (IMF) announced that it will work to ensure that the amount of Bitcoin held by the El Salvadoran government does not change.
In March, the IMF and El Salvador signed a loan package worth $3.5 billion. At that time, the IMF demanded that El Salvador revoke Bitcoin's legal tender status. Additionally, it was required to prohibit further purchases of Bitcoin.
However, it appears that the El Salvadoran authorities are not fulfilling these promises at all.
According to Arkham Intelligence data, El Salvador purchased an additional Bitcoin for $108,940 just an hour ago.
Meanwhile, El Salvador currently holds a total of 6,190 Bitcoins, which amounts to approximately $673 million at the current market price.
Uk Jin
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