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El Salvador recently reached a protocol with the International Monetary Fund (IMF) to make dropBTC risk a requirement for access to a $1.4 billion credit line, but the recent BTC purchase by the Salvadoran government appears to be contrary to the provisions in the document.
Stacy Herbert, head of El Salvador's BTC office, clarified that the country will continue to "accelerate" the purchase of BTC as part of its strategic BTC reserve strategy, even after the protocol is reached. Herbert also explained on social media that BTC will remain legal tender in the country, and the government will continue to sponsor several cryptocurrency-focused educational initiatives.
The BTC office report states that the "1 BTC per day" purchase plan will continue. In addition, the country has made additional purchases, increasing its holdings by 30 BTC in the past 7 days, in the past 30#Gate.io Annual Report 2024 #XmasWithGatePost #BTC is on a pullback, what's next?#