the IMF didn't make peace with bitcoin. it accepted an excuse
El Salvador's bitcoin balance kept growing and broke the program's accumulation condition. the board waived it anyway and released SDR 101.96 million, about $138 million
the reason: the coins came from private donations, no public resources used
the official tracker was at 7,764.37 $BTC last month and was taking in one BTC a day. very consistent donors)
forgiven isn't permitted though. the same IMF wants the leftover public-sector role fully unwound and the Digital Asset Issuance Law amended
so a state wallet grows by a coin a day and everyone agrees it isn't the state's money
I'll pull the tracker again in a month and post whether the donations kept coming, follow if you want that one
#ElSalvador #IMF #Bitcoin
El Salvador's bitcoin balance kept growing and broke the program's accumulation condition. the board waived it anyway and released SDR 101.96 million, about $138 million
the reason: the coins came from private donations, no public resources used
the official tracker was at 7,764.37 $BTC last month and was taking in one BTC a day. very consistent donors)
forgiven isn't permitted though. the same IMF wants the leftover public-sector role fully unwound and the Digital Asset Issuance Law amended
so a state wallet grows by a coin a day and everyone agrees it isn't the state's money
I'll pull the tracker again in a month and post whether the donations kept coming, follow if you want that one
#ElSalvador #IMF #Bitcoin
