IMF “loosens the reins” on El Salvador: It broke the rules on Bitcoin purchases, yet the money kept flowing in! 💸🇸🇻
A few days ago, we thought the IMF’s approval to disburse $1.4 billion meant the matter was settled. But El Salvador had been secretly buying more Bitcoin than the limit allowed, so the Fund blew the whistle! But here’s the surprise: the IMF has just completed its second and third reviews in a row, officially granted a waiver under number #imfgrantswaiverforelsalvadorbitcoinbreach , and immediately disbursed $139 million!
In return, the Fund required President Bukele to pledge that he “will not buy more BTC” (except for Bitcoin received as a gift), and to provide transparent reports on the accounts. How savvy of El Salvador—our country is full of countries like it!
🎯 What should traders do? The IMF’s softer stance on Bitcoin is a very positive sign. Stay the course and accumulate coins when prices are right!
⚠️ This is not financial advice.
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#ElSalvador #IMF #CryptoNews #CryptoRegulation
A few days ago, we thought the IMF’s approval to disburse $1.4 billion meant the matter was settled. But El Salvador had been secretly buying more Bitcoin than the limit allowed, so the Fund blew the whistle! But here’s the surprise: the IMF has just completed its second and third reviews in a row, officially granted a waiver under number #imfgrantswaiverforelsalvadorbitcoinbreach , and immediately disbursed $139 million!
In return, the Fund required President Bukele to pledge that he “will not buy more BTC” (except for Bitcoin received as a gift), and to provide transparent reports on the accounts. How savvy of El Salvador—our country is full of countries like it!
🎯 What should traders do? The IMF’s softer stance on Bitcoin is a very positive sign. Stay the course and accumulate coins when prices are right!
⚠️ This is not financial advice.
Please follow
$BTC
$FDUSD
$BNB
#ElSalvador #IMF #CryptoNews #CryptoRegulation